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AEM SGD
Last:10.16
+0.07
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business turnaround ?
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Sgvale
Supreme |
17-Oct-2025 16:06
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Jialat. Bought at 1.82. | ||||||
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joe1991
Veteran |
17-Oct-2025 10:47
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Believe in AI story..in gov fund to invest in local mkt...all at the end die pain pain. | ||||||
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LoudShout
Master |
17-Oct-2025 10:42
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slow descent ... When the Co paid the arbitration settlement of USk20 million, I posted that the Co should claw back all share options, performance bonus awarded to those who were involved in the decision to buy Lattice. This time, if the Co loses the Case, then the the clawback should be enforced...and also, time to exit those responsible for this sad crippling saga.
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beng1102
Elite |
17-Oct-2025 10:21
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No hurry to buy!    So far short selling is not accelerating,  strange!  Any further bad news could be very bad say down 10-30%.
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n3wbie
Elite |
16-Oct-2025 07:01
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The worry and concerns with any ongoing litigation is the distraction it causes to management when their time should be focused on growing the business and navigating all the headwinds that the industry already faces. The recent share price rally from 1.5+ was largely due to the positive sentiment towards Intel rather than the company specific or material changes to fundamentals. Was just reading back their HY guidance for FY - was quite disappointing that they were guiding for flat revenue growth H/H so this potentially suggests that the ramp up isnt quite there yet from the new customers but happy to be proven wrong. | ||||||
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LoudShout
Master |
15-Oct-2025 11:49
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Look like AEM is toast. Not adequate due diligence carried out for the purchase of Lattice?
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tongphlp
Supreme |
15-Oct-2025 07:47
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now i better make friends with karang guni better....maybe got more money...
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LoudShout
Master |
15-Oct-2025 06:20
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Thanks Professor. This is indeed a continuation of the prior case.
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Professor001
Member |
14-Oct-2025 22:23
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Extracted from the case file: Paragraph 10 to 30. BACKGROUND 10. Advantest Corporation, the corporate group that that includes Advantest, is a world leader in the development, design, and manufacture of equipment used to test semiconductors&mdash the building blocks of modern electronic devices like smartphones, personal computers, electrical appliances, and motor vehicles. 11. Semiconductors are complex devices that utilize nanometer-scale circuits, meaning that even the smallest manufacturing issues can cause outsize operating problems. To remedy this, semiconductor manufacturers exhaustively test their devices (each in this context, a &ldquo device under test&rdquo or &ldquo DUT&rdquo ) throughout the manufacturing process. This includes conducting &ldquo functional tests&rdquo to ensure that the DUT carries out its intended function under different conditions, &ldquo timing tests&rdquo to confirm that the DUT is operating at the speed expected, and &ldquo electrical characteristic tests&rdquo that test, for example, whether, when current is passed through the DUT, the current that leaks out is within a specified range. Such testing must be highly accurate to verify the quality, performance and reliability of each DUT. To conduct such testing, companies use automated testing equipment. 12. Thermal control technology is a core aspect of automated testing equipment. Depending on the specifics of the DUT and the corresponding test conditions selected, the testing system&rsquo s temperature can fluctuate (sometimes wildly, depending on the needs of the customer). Thermal technology helps manage and control the temperature of a test system and of the device being tested, increasing the accuracy of the test and protecting the integrity of the semiconductor being tested. KABBANI DEVELOPS WAFER ATI TECHNOLOGY FOR ADVANTEST 13. From 2019 through 2021, Samer Kabbani served as Executive Vice President, Business Development at Advantest. Kabbani was one of Advantest&rsquo s highest-ranking executives, and oversaw the development of its thermal products, including a product called an &ldquo active thermal interposer&rdquo (or &ldquo ATI&rdquo ), which uses novel thermal technology to more efficiently and effectively test DUTs. 14. Advantest&rsquo s original ATI product was targeted at &ldquo system level test&rdquo (or &ldquo SLT&rdquo ), which evaluates how a DUT (in this instance, a finished chip) will operate in its final user environment, i.e., integrated within its end-user hardware. An SLT platform simulates a DUT&rsquo s end-use environment by placing the DUT in a socket on a customized test board, which operates as if the DUT were installed in its end-use application (for example, a smartphone or laptop). The tester then operates the DUT under a variety of operating and environmental conditions to ensure that it meets specified requirements of function, timing, and electrical characteristics. 15. Advantest&rsquo s ATIs effectively regulated DUT temperature by embedding both heaters and temperature sensors into a customized ceramic &ldquo interposer&rdquo placed in thermal contact with a DUT during testing. Depending on the needs of the specific DUT, the interposers could include multiple thermal zones for selectively controlling the temperature of different portions of the DUT. By controlling the flow of current into the heaters and monitoring temperature feedback from the temperature sensors, Advantest&rsquo s ATIs could adjust and monitor DUT temperatures far more precisely than previously available thermal systems. 16. Advantest&rsquo s customer base was impressed by the ATIs, which quickly found favor with one major customer in particular, opening up a new revenue stream and burnishing Advantest&rsquo s reputation for manufacturing innovative and high-quality test products. 17. In late 2019, Kabbani proposed a novel expansion of Advantest&rsquo s ATI technology for precise thermal control during &ldquo wafer test&rdquo (also known as &ldquo wafer probe&rdquo ), a testing process for evaluating individual semiconductor &ldquo dies&rdquo on a silicon wafer before the wafer is &ldquo diced&rdquo into individual chips. This technology would place a large circular ceramic interposer with embedded heaters and temperature sensors against the backside of a wafer, while probe pins contacted electrical connections on the front side of the wafer to perform testing. In conjunction with an adjacent supercooled &ldquo cold plate,&rdquo the system would selectively control the temperature of various thermal zones on the wafer (e.g., individual die or specific regions of the wafer) to more precisely control DUT thermals during test.   18. In December 2019, Kabbani and an Advantest Engineering VP traveled to Bö blingen, Germany, where they presented the idea to Advantest&rsquo s German affiliate. The idea was memorialized in a slide deck, and all agreed that the idea was promising and should be pursued further. 19. To that end, Kabbani led the project (eventually known as &ldquo wafer probe ATI&rdquo or &ldquo wafer ATI&rdquo ) in the following months and worked extensively on the technology, completing preparation of technical specifications and a proposed system architecture by January 2020 and working with the Advantest sub-suppliers from the ATI project to produce a sample device. Kabbani also advocated for the project outside of the engineering department, advising Advantest&rsquo s business development and customer teams that his &ldquo next obsession is Wafer Probe.&rdquo 20. Kabbani and his team further surveyed the current market for wafer ATI products, calculated margins, and even identified specific customers to target. In the spring of 2020, Kabbani and Advantest&rsquo s now-CTO presented the concept to Advantest Corporation&rsquo s board, which approved funding to commercialize the technology. 21. Kabbani and his team immediately put that funding to use, continuing to refine the product and setting a goal for the &ldquo final stage&rdquo of the project by September 2020. They also prepared statements of work for potential manufacturers. 22. Kabbani&rsquo s role on the wafer ATI project ended on July 15, 2020, however, when Advantest placed Kabbani on administrative leave. This decision came after an internal investigation revealed that Kabbani had slipped his secret side-business, Lattice Technologies, Inc. (&ldquo Lattice&rdquo )&mdash of which he was, unbeknownst to Advantest, an owner and CEO&mdash into the Advantest supply chain. Kabbani had personally directed Advantest supply contracts toward Lattice&mdash including the manufacturing of the ATI. To obscure Lattice&rsquo s involvement, Kabbani had hired an engineering company (run by a personal friend) as an intermediary between Advantest and Lattice, intending that it would, in his words, act as a &ldquo veil.&rdquo 23. Kabbani&rsquo s administrative leave&mdash and his Advantest employment&mdash abruptly came to an end mid-investigation, in August 2020, when AEM solicited Kabbani to join it as its Chief Technology Officer. AEM then purchased Lattice, presumably to gain access to the ATI technology Lattice manufactured under contract for Advantest. Advantest subsequently pursued claims against both Kabbani and AEM in arbitration, eventually receiving a $20 million payment from AEM to settle the dispute. 24. Following Kabbani&rsquo s departure, Advantest filed a provisional patent application covering the wafer ATI technology on November 19, 2020 (Provisional App. No. 63/115,813 (&ldquo the &rsquo 813 Provisional&rdquo )). The applications that later issued as the &rsquo 999 Patent and the &rsquo 841 Patent claim priority to that provisional application. 25. Specifically, U.S. Patent Application No. 17/725,164, listing as inventors Samer Kabbani, Paul Ferrari, Ikeda Hiroki, Kiyokawa Toshiyuki, Gregory Cruzan, and Karthik Ranganathan, and entitled &ldquo Wafer Scale Active Thermal Interposer for Device Testing,&rdquo was filed on April 20, 2022, and claims priority to the &rsquo 813 Provisional. It duly and legally issued as the &rsquo 999 Patent on June 13, 2023. The &rsquo 999 Patent is attached hereto as Exhibit A. 26. The &rsquo 999 Patent relates to &ldquo a wafer thermal interposer (TI) layer operable to contact a second surface of the wafer and operable to selectively heat areas of the wafer, and a cold plate disposed under the wafer TI layer and operable to cool the wafer.&rdquo (&rsquo 999 Patent, Abstract.) 27. Advantest is the owner of all rights, title, and interest in and to the &rsquo 999 Patent, with the full and exclusive right to bring suit to enforce the &rsquo 999 Patent, including the right to recover for past infringement. 28. AEM does not have a license to the &rsquo 999 Patent, either expressly or implicitly, and does not enjoy or benefit from any rights in or to the &rsquo 999 Patent. 29. All claims of the &rsquo 999 Patent claim patent-eligible subject matter and are valid and enforceable. 30. All claims of the &rsquo 999 Patent are entitled to the filing date of the &rsquo 813 Provisional.   |
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Professor001
Member |
14-Oct-2025 22:03
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Let me correct myself.  The  exhibits are articles, and there are a total of 10 exhibits, as indicated in the case file that I managed to retrieve. Advantest Exhibit A US00000011674999B220230613 &lsquo U.S. Patent No. 11,674,999 Exhibit B US00000012320841B220250603 &lsquo U.S. Patent No. 12,320,841   AEM Exhibit C US00000012013432B120240618 Exhibit D US00000012085609B120240910 Exhibit E &ndash US patent application no. 18/797,339 Exhibit F US00000012000885B120240604 Exhibit G patentsgazette.uspto.gov/week12/OG/html/1532-4/US12259428-20250325.html Exhibit H &ndash US patent application no. 19/058,629   Advantest Exhibit I &ndash U.S. Patent No. 11,674,999 - Infringement Allegations Complaint analysis | 3:25-cv-02604 | Advantest Test Solutions Inc v. Aem Holdings Ltd | Ex Parte Exhibit J &ndash U.S. Patent No. 12,320,841 - Infringement Allegations Complaint analysis | 3:25-cv-02604 | Advantest Test Solutions Inc v. Aem Holdings Ltd | Ex Parte  
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LexLut88
Member |
13-Oct-2025 13:13
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Agree, once the price is below 1.8. getting very worry where is the end . Another sad Day for AEM  | ||||||
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easywin
Supreme |
13-Oct-2025 10:00
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Just one words can make big diffrence
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wehuattogether88
Supreme |
13-Oct-2025 09:53
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Good, AEM might recovers, Nasdaq futures rebounce strongly after Trump prata and said China situation will all be fine.
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easywin
Supreme |
13-Oct-2025 09:53
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Can break 1.86 much better with more to go
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easywin
Supreme |
13-Oct-2025 09:44
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So lucky can get 1.78 with such an offer  | ||||||
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joe1991
Veteran |
12-Oct-2025 16:06
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Look likely AEM n Seatrium are the 2 stocks might be hit more tomorrow...lets see...
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spore1
Supreme |
12-Oct-2025 15:48
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2 CEO resigned within 2 years, dont play play!
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investshare
Supreme |
12-Oct-2025 14:15
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Seem like a bunch of crooks.
Remember earlier inventory mistake, even new ceo run road. Only one key customer, other customers don?t want them. |
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spore1
Supreme |
11-Oct-2025 11:29
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Better stay away first! Pls dyodd
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ayy002
Senior |
10-Oct-2025 17:06
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never ending story | ||||||
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