ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*

Rhea-AI Summary

ASE Technology Holding Co. (ASX) reported its unaudited consolidated net revenues for November 2020, totaling NT$50,665 million (approximately US$1,759 million), marking an increase of 5.7% from October 2020 and 31.7% YoY. The ATM assembly, testing, and material segments also showed positive performance, with November revenues at NT$24,286 million, up 5.2% sequentially and 6.3% YoY. This growth reflects robust demand in the semiconductor sector despite ongoing market challenges. These results demonstrate the company's strong positioning within the industry.

Positive

• Net revenues for November 2020 reached NT$50,665 million (US$1,759 million), a 5.7% increase from October and a 31.7% increase YoY.
• ATM assembly, testing, and material business revenues hit NT$24,286 million, reflecting a 5.2% sequential growth and a 6.3% YoY increase.

Negative

• None.

TAIPEI, Taiwan, R.O.C., Dec, 9, 2020 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for November 2020.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Nov		Oct		Nov		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		50,665		47,915		38,456		+5.7%		+31.7%
		Nov		Oct		Nov		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		1,759		1,652		1,264		+6.5%		+39.2%

Net revenues for ATM assembly, testing and material business are as follows:

ATM NET REVENUES (UNAUDITED)

		Nov		Oct		Nov		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		24,286		23,075		22,838		+5.2%		+6.3%
		Nov		Oct		Nov		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		843		796		751		+6.0%		+12.3%

*This press release is intended to comply with Taiwan regulatory requirements.

Safe Harbor Notice:

This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2019 Annual Report on Form 20-F filed on March 31, 2020.

Investor Relations Contact:

ir@aseglobal.com Tel: +886.2.6636.5678 http://www.aseglobal.com

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SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology's net revenues for November 2020 (ASX)?

ASE Technology reported net revenues of NT$50,665 million (approximately US$1,759 million) for November 2020.

How much did ASE Technology's revenues grow compared to October 2020 (ASX)?

The revenues for November 2020 increased by 5.7% compared to October 2020.

What is the year-over-year revenue growth for ASE Technology in November 2020 (ASX)?

ASE Technology experienced a year-over-year revenue growth of 31.7% in November 2020.

What were ASE Technology's ATM net revenues for November 2020 (ASX)?

The ATM assembly, testing, and material business had net revenues of NT$24,286 million in November 2020.

What was the sequential growth of ATM revenues for ASE Technology from October to November 2020 (ASX)?

The ATM revenues increased by 5.2% sequentially from October to November 2020.