Listed on the ACE Market of Bursa Malaysia in 2011, Inari Amertron Berhad is principally involved in back-end semiconductor packaging services, which mainly comprises back-end wafer processing, package assembly, and radio frequency (RF) final testing.

The company acquired Amertron Inc (Global) Ltd for RM103 million in June 2013, adding optoelectronics and fibre-optic packaging services to the group. The company has a total of nine plants across Malaysia, the Philippines, and China. U.S.-listed Broadcom Inc. is a key customer which contributes more than 70% of Inari’s revenue.

Over the past few years, technological advancements of the smartphone had helped boost earnings, resulting in high returns for its shareholders as Inari’s share price increased by more than fivefold from 49 sen in December 2014 to RM2.48 in August 2018.

However, the slowdown in demand for smartphones affected Inari’s earnings and its share price. From its peak in August 2018, Inari’s