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<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
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  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
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  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_asm_VestingRestrictedSharesOutOfTreasurySharesShares_label_en" xlink:label="lab_asm_VestingRestrictedSharesOutOfTreasurySharesShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Vesting restricted shares out of treasury shares (in shares)</link:label>
    <link:label id="lab_asm_VestingRestrictedSharesOutOfTreasurySharesShares_documentation_en" xlink:label="lab_asm_VestingRestrictedSharesOutOfTreasurySharesShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Vesting Restricted Shares Out Of Treasury Shares, Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_asm_VestingRestrictedSharesOutOfTreasurySharesShares" xlink:href="asm-2025-12-31.xsd#asm_VestingRestrictedSharesOutOfTreasurySharesShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_asm_VestingRestrictedSharesOutOfTreasurySharesShares" xlink:to="lab_asm_VestingRestrictedSharesOutOfTreasurySharesShares" xlink:type="arc" order="1"/>
    <link:label id="lab_asm_IssueOfCommonSharesUsedForShareBasedPerformancePrograms_label_en" xlink:label="lab_asm_IssueOfCommonSharesUsedForShareBasedPerformancePrograms" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Issue of common shares used for share-based performance programs</link:label>
    <link:label id="lab_asm_IssueOfCommonSharesUsedForShareBasedPerformancePrograms_documentation_en" xlink:label="lab_asm_IssueOfCommonSharesUsedForShareBasedPerformancePrograms" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Issue of Common Shares Used For Share-Based Performance Programs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_asm_IssueOfCommonSharesUsedForShareBasedPerformancePrograms" xlink:href="asm-2025-12-31.xsd#asm_IssueOfCommonSharesUsedForShareBasedPerformancePrograms"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_asm_IssueOfCommonSharesUsedForShareBasedPerformancePrograms" xlink:to="lab_asm_IssueOfCommonSharesUsedForShareBasedPerformancePrograms" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_17dcc605-1571-4cb4-8232-79995d222946_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash flows from (used in) operations before changes in working capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityAbstract_dc072e7b-d8a2-4984-b316-d1f1b70dbb99_terseLabel_en" xlink:label="lab_ifrs-full_StatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Statement of changes in equity placeholder - this item MUST be used as a starting point for the statement of changes in equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfChangesInEquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="lab_ifrs-full_StatementOfChangesInEquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_asm_ImpairmentOfOtherInvestment_label_en" xlink:label="lab_asm_ImpairmentOfOtherInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Impairment of other investment</link:label>
    <link:label id="lab_asm_ImpairmentOfOtherInvestment_documentation_en" xlink:label="lab_asm_ImpairmentOfOtherInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Impairment of other investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_asm_ImpairmentOfOtherInvestment" xlink:href="asm-2025-12-31.xsd#asm_ImpairmentOfOtherInvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_asm_ImpairmentOfOtherInvestment" xlink:to="lab_asm_ImpairmentOfOtherInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_b6a439cc-3cca-4200-a36b-c0754f09c9ce_terseLabel_en" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Statement of comprehensive income placeholder - this item MUST be used as a starting point for the statement of comprehensive income if it is disclosed separately or when the statement of profit or loss and other comprehensive income statements are combined in a single statement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_asm_ShareInIncomeOfInvestmentsInAssociates_label_en" xlink:label="lab_asm_ShareInIncomeOfInvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Share in income of investments in associates</link:label>
    <link:label id="lab_asm_ShareInIncomeOfInvestmentsInAssociates_documentation_en" xlink:label="lab_asm_ShareInIncomeOfInvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Share in income of investments in associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_asm_ShareInIncomeOfInvestmentsInAssociates" xlink:href="asm-2025-12-31.xsd#asm_ShareInIncomeOfInvestmentsInAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_asm_ShareInIncomeOfInvestmentsInAssociates" xlink:to="lab_asm_ShareInIncomeOfInvestmentsInAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_asm_PurchaseOfTreasurySharesShares_label_en" xlink:label="lab_asm_PurchaseOfTreasurySharesShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Purchase of treasury shares (in shares)</link:label>
    <link:label id="lab_asm_PurchaseOfTreasurySharesShares_documentation_en" xlink:label="lab_asm_PurchaseOfTreasurySharesShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Purchase of treasury shares, (in shares)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_asm_PurchaseOfTreasurySharesShares" xlink:href="asm-2025-12-31.xsd#asm_PurchaseOfTreasurySharesShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_asm_PurchaseOfTreasurySharesShares" xlink:to="lab_asm_PurchaseOfTreasurySharesShares" xlink:type="arc" order="1"/>
    <link:label id="lab_asm_EvaluationToolsAtCustomers_label_en" xlink:label="lab_asm_EvaluationToolsAtCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Evaluation tools at customers</link:label>
    <link:label id="lab_asm_EvaluationToolsAtCustomers_documentation_en" xlink:label="lab_asm_EvaluationToolsAtCustomers" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Evaluation tools at customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_asm_EvaluationToolsAtCustomers" xlink:href="asm-2025-12-31.xsd#asm_EvaluationToolsAtCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_asm_EvaluationToolsAtCustomers" xlink:to="lab_asm_EvaluationToolsAtCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_019b8dcd-c36f-7f18-97d1-fb738c070d03_totalLabel_en" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Profit (loss), attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_b85f7e19-06a9-4d84-90c8-dfb3c6ad2acc_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash flows from (used in) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_c2967a7d-1ef9-4235-bb98-2c9f1f2affc1_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfCashFlowsAbstract_f878c55f-b199-452d-82f5-92cb50f860c0_terseLabel_en" xlink:label="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Statement of cash flows placeholder - this item MUST be used as a starting point for the statement of cash flows</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfCashFlowsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:to="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_asm_IncreaseDecreaseDueToChangesInInvestmentsInAssociates_label_en" xlink:label="lab_asm_IncreaseDecreaseDueToChangesInInvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase (decrease) due to changes in investments in associates</link:label>
    <link:label id="lab_asm_IncreaseDecreaseDueToChangesInInvestmentsInAssociates_documentation_en" xlink:label="lab_asm_IncreaseDecreaseDueToChangesInInvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Increase (decrease) due to changes in investments in associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_asm_IncreaseDecreaseDueToChangesInInvestmentsInAssociates" xlink:href="asm-2025-12-31.xsd#asm_IncreaseDecreaseDueToChangesInInvestmentsInAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_asm_IncreaseDecreaseDueToChangesInInvestmentsInAssociates" xlink:to="lab_asm_IncreaseDecreaseDueToChangesInInvestmentsInAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_75f686be-1aa2-49b4-848c-982473be03e8_terseLabel_en" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Statement of financial position placeholder - this item MUST be used as a starting point for the statement of financial position</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfFinancialPositionAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_asm_FinanceIncomeCostAfterForeignExchangeGainLoss_0a10f62e-7c4b-4ee2-82c4-94ff2ed741bb_totalLabel_en" xlink:label="lab_asm_FinanceIncomeCostAfterForeignExchangeGainLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Finance income (cost), after foreign exchange gain (loss)</link:label>
    <link:label id="lab_asm_FinanceIncomeCostAfterForeignExchangeGainLoss_label_en" xlink:label="lab_asm_FinanceIncomeCostAfterForeignExchangeGainLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Finance income (cost), after foreign exchange gain (loss)</link:label>
    <link:label id="lab_asm_FinanceIncomeCostAfterForeignExchangeGainLoss_documentation_en" xlink:label="lab_asm_FinanceIncomeCostAfterForeignExchangeGainLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Finance income (cost), after foreign exchange gain (loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_asm_FinanceIncomeCostAfterForeignExchangeGainLoss" xlink:href="asm-2025-12-31.xsd#asm_FinanceIncomeCostAfterForeignExchangeGainLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_asm_FinanceIncomeCostAfterForeignExchangeGainLoss" xlink:to="lab_asm_FinanceIncomeCostAfterForeignExchangeGainLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_asm_AdjustmentsForImpairmentOfOtherInvestments_label_en" xlink:label="lab_asm_AdjustmentsForImpairmentOfOtherInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for impairment of other investments</link:label>
    <link:label id="lab_asm_AdjustmentsForImpairmentOfOtherInvestments_documentation_en" xlink:label="lab_asm_AdjustmentsForImpairmentOfOtherInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Adjustments for impairment of other investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_asm_AdjustmentsForImpairmentOfOtherInvestments" xlink:href="asm-2025-12-31.xsd#asm_AdjustmentsForImpairmentOfOtherInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_asm_AdjustmentsForImpairmentOfOtherInvestments" xlink:to="lab_asm_AdjustmentsForImpairmentOfOtherInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_024a0f5d-614e-4db1-9cac-7b875378030e_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash flows from (used in) operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_asm_CompensationExpenseShareBasedPayments_label_en" xlink:label="lab_asm_CompensationExpenseShareBasedPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Compensation expense share-based payments</link:label>
    <link:label id="lab_asm_CompensationExpenseShareBasedPayments_documentation_en" xlink:label="lab_asm_CompensationExpenseShareBasedPayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Compensation expense share-based payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_asm_CompensationExpenseShareBasedPayments" xlink:href="asm-2025-12-31.xsd#asm_CompensationExpenseShareBasedPayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_asm_CompensationExpenseShareBasedPayments" xlink:to="lab_asm_CompensationExpenseShareBasedPayments" xlink:type="arc" order="1"/>
    <link:label id="lab_asm_PropertyPlantAndEquipmentExcludingEvaluationToolsAtCustomers_label_en" xlink:label="lab_asm_PropertyPlantAndEquipmentExcludingEvaluationToolsAtCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Property, plant and equipment, excluding evaluation tools at customers</link:label>
    <link:label id="lab_asm_PropertyPlantAndEquipmentExcludingEvaluationToolsAtCustomers_documentation_en" xlink:label="lab_asm_PropertyPlantAndEquipmentExcludingEvaluationToolsAtCustomers" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Property, plant and equipment, excluding evaluation tools at customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_asm_PropertyPlantAndEquipmentExcludingEvaluationToolsAtCustomers" xlink:href="asm-2025-12-31.xsd#asm_PropertyPlantAndEquipmentExcludingEvaluationToolsAtCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_asm_PropertyPlantAndEquipmentExcludingEvaluationToolsAtCustomers" xlink:to="lab_asm_PropertyPlantAndEquipmentExcludingEvaluationToolsAtCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OperatingExpense_0ead5436-6c30-4d50-821a-7dcdd4e306e3_totalLabel_en" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OperatingExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OperatingExpense" xlink:to="lab_ifrs-full_OperatingExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_f59b1baa-6b72-4f09-bd02-1fd5f66011ac_totalLabel_en" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Increase (decrease) in cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
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    <link:label id="lab_asm_VestingRestrictedSharesOutOfTreasuryShares_label_en" xlink:label="lab_asm_VestingRestrictedSharesOutOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Vesting restricted shares out of treasury shares</link:label>
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    <link:label id="lab_ifrs-full_IncomeStatementAbstract_2b1752a6-1230-4232-b2f1-3473ebc893cb_terseLabel_en" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Profit or loss placeholder - this item MUST be used as a starting point for the statement of profit or loss if the statement of profit or loss is separately</link:label>
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