[Paywall] AEM share price (SGX: AWX) rocketed 10%

From $3.00 on 29 March 2023, AEM share price (SGX: AWX) rocketed 10% to hit $3.30 in recent days. Given the global economic slowdown and continuing downturn in the semiconductor industry, what could have propelled AEM share price (SGX: AWX)?

The revival of AEM share price (SGX: AWX) should be due to the recent good news from its most important client – Intel, which provided its business update on 30 March 2023. After four delays over two years, Intel finally launches its much-anticipated 4th generation Xeon processors, Sapphire Rapids for both laptops and servers. According to Intel, this is the highest quality data center CPU the company has ever delivered, and the ramp is continuing aggressively.

But what made the recent Intel’s announcement so special for AEM share price (SGX: AWX) was the series of upcoming product launches by Intel. Following Sapphire Rapids, hot on the heels will be the launch of Intel’s 5th generation Xeon processors, Emerald Rapids in 4th quarter 2023.


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