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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (ASX) reported unaudited consolidated net revenues of NT$ 47,915 million for October 2020, reflecting a 9.1% increase from September 2020 and a 23.5% growth year-over-year. In US dollars, revenues reached $1,652 million, up 10.5% sequentially and 31.3% year-over-year. The ATM assembly and testing reported revenues at NT$ 23,075 million, marking a 0.9% rise from September and a 0.2% increase year-over-year, while US dollar revenues were $796 million, up 2.3% sequentially and 6.5% year-over-year.

Positive

• Consolidated net revenues for October grew by 9.1% from September.
• Year-over-year revenue increase of 23.5% highlights strong growth.
• US dollar revenues for October reached $1,652 million, a 10.5% sequential rise.

Negative

• None.

TAIPEI, Taiwan, R.O.C., Nov. 10, 2020 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for October 2020.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		47,915		43,926		38,785		+9.1%		+23.5%
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		1,652		1,495		1,258		+10.5%		+31.3%

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

ATM NET REVENUES (UNAUDITED)

		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		23,075		22,859		23,033		+0.9%		+0.2%
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		796		778		747		+2.3%		+6.5%

 

*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 October 2020?

ASE Technology reported net revenues of NT$ 47,915 million for October 2020.

How did ASE Technology's revenues change compared to September 2020?

Revenues increased by 9.1% from September 2020.

What is the year-over-year change in ASE Technology's revenues for October 2020?

The year-over-year revenue increase for October 2020 was 23.5%.

What were ASE Technology's US dollar revenues in October 2020?

In October 2020, ASE Technology's US dollar revenues were $1,652 million.

How did the ATM assembly and testing revenues perform in October 2020?

ATM assembly and testing revenues were NT$ 23,075 million, up 0.9% from September.