"ASMPT is a world class leader in the semiconductor value chain and we have full confidence in the technology, quality and operations leadership of ASMPT's Materials Segment. Wise Road Capital's senior management team brings a good combination of finance expertise and industry expertise to support the success of the Strategic Joint Venture. We believe that the additional financial resources and industry network the new shareholders will bring in, plus a sharp focus on growing the Materials business together with ASMPT, will bring the success of the Strategic Joint Venture to the next level," said Mr. Fai Yeung, Managing Partner of Wise Road Capital. "This Strategic Joint Venture corroborates our strategy to back a high-quality player that is investing to become an even stronger player in the industry with a larger market share when the market upcycle resumes," said Mr. Denis Tse, Managing Partner of Asia-IO.