Venture Business Update For 3Q And 9M 2024

In spite of softer customer demand in 3Q 2024, Venture management expects Group revenue for 2H 2024 to be relatively stable compared to 1H 2024. Moving forward, the Group continues to see good opportunities on the horizon. These include new design wins and new product introductions for secular growth segments like Life Science and AI data centre related businesses. Additional business from several customers mitigating geopolitical risk is in different stages of implementation. In the Lifestyle Consumer Technology domain, we are developing new innovative products with a key customer to bring the partnership to the next level. In the forthcoming quarters, the Group will be onboarding new customers in selected technology domains. Venture’s financial position continues to strengthen and we are pursuing investment opportunities to augment our growth strategy.

Established in 1989, Venture is a leading provider of technology services, products and solutions to over 100 global brands across the world. Headquartered in Singapore, we harness the collective strengths of our 12,000-strong team globally in differentiated capabilities spanning R&D, product industrialisation, advanced manufacturing, supply chain solutions and product lifecycle management.