- The Singapore Business Award recognizes small and medium-sized local enterprises that significantly enhanced their businesses both locally and globally
- AEM won one of the four awards, The Enterprise Award for 2019/2020
- This achievement is a testament to AEMâ€™s vision and innovation that contribute to establishing a leadership position in cost-effectively testing complex semiconductor chips
Singapore, 25 November 2020 â€“ AEM Holdings Ltd (â€œAEMâ€ or â€œthe Companyâ€), a global leader offering application-specific intelligent system test and handling solutionsfor semiconductor and electronics companies serving advanced computing, 5G, and AI markets, was awarded The Enterprise Award as part of the Singapore Business Awards for 2019/2020. This win affirms AEMâ€™s transformation strategy where through re-investment into R&D and strategic acquisitions, it pivoted from a small manufacturer to a leading-edge test solutions provider for the new world of 5G, AI, autonomous driving, and quantum computing applications.
The Business Times and DHL jointly organize the Singapore Business Awards, presenting four awards each year: Businessman of the Year, Outstanding Chief Executive of the Year, Outstanding Chief/Senior Executive (Overseas) of the Year, and The Enterprise Award. The four awards, known collectively as the Singapore Business Awards, are decided by a panel of judges drawn from the business sector, official agencies, and academia. The Singapore Business Awards have grown in stature to become Singaporeâ€™s most prestigious accolades in the business and corporate sectors.
Mr. Loke Wai San, AEMâ€™s Executive Chairman, commented, â€œWe are honoured to receive The Enterprise Award, which recognizes the many years of hard work and dedication of our employees in our transformation from a niche automation company into a leading test solutions provider for the semiconductor industry. It also celebrates the AEM spirit of ambition, innovation, and teamwork to deliver the best solutions for our customers. This award is really a celebration of all our efforts and our customersâ€™ trust in us.â€
In 2013, AEM started developing its next-generation chip testing equipment for one of the worldâ€™s top semiconductor companies. The successful introduction and ramp of AEMâ€™s new solutions saw revenue surging from S$70.1 million in 2016 to S$323.1 million in 2019. In response to the industry-side structural need for affordable chip testing solutions, AEM has also launched its AMPS (Asynchronous Modular Parallel Smart solution platform) in early 2018. This in-house test-handling solution operates on a modular and massively parallel test framework, and it has advanced active thermal control and intelligent vision that can be customized for each customerâ€™s specific needs, making it applicable to a broad range of chipmakers and third-party testing companies.
â€œWith 5G and AI applications spurring greater demand for complex chip integration and missioncritical performance, AEMâ€™s sophisticated system level test solutions will continue to help our customers manage test costs while delivering higher levels of test assurance,â€ said Mr. Loke.