Singapore semiconductors’ slide continues as global chip-stock rout deepens
Shares of AEM Holdings, CSE Global, UMS Integration and Frencken fall more than 6%
Shares of Singapore semiconductor firms AEM Holdings, CSE Global, UMS Integration, and Frencken experienced a further decline on Thursday, marking a third consecutive day of losses amid a broader global chip market downturn. Despite positive results from Dutch chip designer ASML, the sector continued to suffer. AEM Holdings shares dropped 8.9% to S$8.90, while UMS Integration declined 8.5% to S$2.37.
CSE Global also suffered, falling 7.8% to S$0.94. Frencken shares saw a 6.4% drop to S$2.20. The Philadelphia Semiconductor Index fell 4.3% on Wednesday, nearing a 17-month low, and lost $1.6 trillion in market value over six days. UBS Global Wealth Management views this as a recalibration of expectations rather than a fundamental shift in the AI investment narrative.
ASML's strong third-quarter earnings saw European shares rise after reassurance about AI demand. ASML's net profit more than doubled year-on-year, and the company raised its annual revenue forecast for the third time in 2026. However, chipmaker Intel and Asian giants like SK Hynix and CXMT also faced losses.
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