AEM Holdings Ltd. | APEA - Regional Edition - Asia Pacific Enterprise Awards

AEM Holdings Ltd.



AEM Holdings Ltd.

Semiconductor Industry

Information about the Company

AEM is a global leader in test innovation. Established in 1990, AEM is a Singapore-based multinational corporation that delivers customised, application specific semiconductor and electronics test and handling solutions to meet their customers’ application needs. With full-stack test capabilities for advanced engineering to high-volume manufacturing, AEM provides innovative test solutions to drive successful customer outcomes in innovation.

The company strives to redefine test through their Test Cell Solutions Business and Instrumentation Business. AEM has a global presence across Asia, Europe, and the United States. With manufacturing plants located in Singapore, Malaysia (Penang), China (Suzhou), and Finland (Lieto), and a global network of engineering support, sales offices, associates, and distributors, it offers customers a robust and resilient ecosystem of test innovation and support.

AEM’s vision is ‘A Zero Failure World’ while it’s mission is to provide the most comprehensive semiconductor and electronics test solutions based on the best-in-class technologies, processes, and customer support. AEM’s company values are Agility for Impact, Customer Intimacy, Challenge Conventions and Trust & Reliability.

Corporate Culture & Company Activities

AEM promotes a cohesive and resilient workforce through sports, social, and other wellbeing activities. The company offers comprehensive welfare and insurance benefits that cover specific high-risk work-related conditions. The company also plans for social programmes such as festive celebrations, staff appreciation functions, and team-building activities. As a company, AEM practices non-discrimination and aims to provide all employees with equal opportunities. The company’s new hires are employed based on their own merits and prior work experiences. The culture that AEM has built is based on their humility to listen to customers, mutual respect for colleagues and supply chain partners, and ultimately the business drive to deliver the best outcomes for stakeholders. The company strives to deliver value to the communities through its ESG goals and sustainability efforts. Team members are encouraged to give back to the community through community services or donations. In addition, AEM organises annual corporate social responsibility activities for its team members to participate.

AEM also has a health and safety committee which is tasked to handle the scheduling of safety training, drills, and filing emergency and accident reports. Separately, there are also various leadership-people initiatives such as ‘Coffee with CEO’ to encourage and empower team members to initiate improvements. AEM continuously invests in training, learning initiatives, and development programs to expand its team members’ competencies. Besides technical skills, the company also organises business, leadership, train-the-trainer, finance, operational management, and enterprise resource planning training for its team members.

Testing Innovation.

Achievements and Impact

AEM serves as a critical node in the global value chain, having progressed from a contract manufacturer to a global provider of test solutions based on its own core intellectual property. In 2020, AEM delivered their best results on record with S$519.0 million in revenue and S$97.6 million in profit after tax. AEM currently has more than 20 offices worldwide, with five manufacturing plants in the US, Europe, China, Malaysia and Singapore. Its global headcount is more than 600, with a 22% increase in headcount in 2020, and it has achieved a low turnover rate of 0.90% a month.

AEM plans to accelerate its growth guided guided by three elements: Operational Excellence, Customer Intimacy, and Product Leadership. AEM remains committed to enhancing its Business Continuity Plan implementation and Safe Management practices across sites. The company continues to establish supply chain resilience and mitigation plans through sites’ self-sufficiency, securing essential materials through global sourcing, and increased safety stocks. AEM will also continue to implement VR and AR tools for training and remote deployments. The company is focused on its R&D efforts and investments to continue building on its key technology pillars to ensure that AEM stays ahead of the curve when it comes to test and handling solutions.

AEM will continue to reward and provide employees with competitive remuneration packages and welfare to attract and retain its talents and staff. It has continuously invested in training, learning initiatives, and development programs to expand their staff’s competencies. It has also organised business, leadership, train-the-trainer, finance, operational management and enterprise resource planning training for the management and staff.

Future Direction

The company plans to fine-tune its business continuity plans to ensure that it can function seamlessly even through disruptions. AEM is committed to enabling its customers to test with full coverage for semiconductors or electronics modules, given that devices are getting more complicated and conventional methods make tests almost impossible. The company will explore expanding its manufacturing capabilities in order to provide customers with cost-effective solutions, while maintaining its proven track record of delivering on time and scaling rapidly.