{
  "id": 14423425,
  "title": "AEM shares continue fall; CSE tumbles 7.2%",
  "url": "https://urgent.news/2026/10/14/aem-shares-continue-fall-cse-tumbles-7-2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T07:34:42.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/aem-shares-continue-fall-cse-tumbles-7-2"
  },
  "original_language": "en",
  "account": "On Wednesday, October 14, the sale of chip stocks in Singapore surged, impacting various companies in the industry. AEM Holdings saw its shares plunge 4.4% to S$9.57, but managed to recover slightly to end the day 2.5% lower at S$9.77. Systems integrator CSE Global experienced an even steeper decline of 8.2%, dropping to S$1.01 before closing down 7.3% at S$1.02. Other affected stocks included UMS Integration, which fell 1.5% to S$2.59, and Frencken, down 1.7% at S$2.35.\n\nThe global boom in artificial intelligence had initially boosted Singapore chip stocks, but concerns have grown regarding the sustainability of this trend. Broadcom CEO Hock Tan recently drew parallels between AI investment sentiment and gambling, warning of a potential funding crunch in the industry. Despite this gloom, ASML, a Dutch semiconductor equipment manufacturer, reported results that may offer some respite, as its components are crucial to AI chips. These tools have a production lead time exceeding one year, from order to delivery.\n\nAEM Holdings posted a year-on-year more than double net profit increase and raised its annual revenue forecast for the third consecutive time. Meanwhile, major US chip stocks faced a decline, with the PHLX Semiconductor Index falling about 0.2% for the fifth consecutive day. Micron shares declined by 3.6%, while Applied Materials saw a nearly 7% drop. Intel, a significant customer of AEM, managed to rise 1.4% despite the broader market decline.\n\nSK Hynix, another major Asian memory maker, witnessed a 3.2% decline in its shares on Tuesday in the US. Samsung Electronics remained flat, while Shanghai-listed CXMT saw a 2.1% drop in its shares on Wednesday.",
  "summary": "UMS Integration and Frencken shares are also down on Wednesday",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "AEM shares continue fall; CSE tumbles 8.2%",
        "url": "https://urgent.news/2026/10/14/aem-shares-continue-fall-cse-tumbles-8-2",
        "published": "2026-10-14T07:34:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}