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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (ASX) reported its unaudited net revenues for December and the fourth quarter of 2020. December revenue was NT$50,298 million, down 0.7% from NT$50,665 million in November, but up 29.7% year-on-year. Fourth quarter net revenue reached NT$148,877 million, a 20.8% increase from the previous quarter and 28.3% higher year-on-year. In USD, December revenues stood at $1,763 million, slightly up by 0.2% from November and reflecting a 38.1% increase year-on-year. The report highlights strong growth in the semiconductor services segment.

Positive

• December revenues rose 29.7% year-on-year to NT$50,298 million.
• Fourth quarter net revenues increased 20.8% sequentially to NT$148,877 million.
• Year-on-year growth in fourth quarter net revenues was 28.3%.
• USD revenues for December were $1,763 million, up 38.1% year-on-year.

Negative

• December revenues decreased 0.7% from November's NT$50,665 million.

TAIPEI, Taiwan, R.O.C., Jan. 8, 2021 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for December and 4^th quarter of 2020.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Dec		Nov		Dec		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		50,298		50,665		38,782		-0.7%		+29.7%
		Dec		Nov		Dec		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		1,763		1,759		1,277		+0.2%		+38.1%
		Q4		Q3		Q4		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		148,877		123,195		116,023		+20.8%		+28.3%
		Q4		Q3		Q4		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		5,174		4,182		3,799		+23.7%		+36.2%

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

ATM NET REVENUES (UNAUDITED)

		Dec		Nov		Dec		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		25,391		24,286		23,416		+4.6%		+8.4%
		Dec		Nov		Dec		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		890		843		771		+5.6%		+15.5%
		Q4		Q3		Q4		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		72,752		71,821		69,287		+1.3%		+5.0%
		Q4		Q3		Q4		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		2,529		2,438		2,269		+3.7%		+11.5%

*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 December 2020?

ASE Technology reported net revenues of NT$50,298 million for December 2020.

How did ASE Technology perform in the fourth quarter of 2020?

In the fourth quarter of 2020, ASE Technology achieved net revenues of NT$148,877 million, a 20.8% increase from the previous quarter.

What is the year-on-year revenue growth for ASE Technology in Q4 2020?

ASE Technology experienced a year-on-year revenue growth of 28.3% in the fourth quarter of 2020.

What was ASE Technology's December 2020 revenue in USD?

ASE Technology's revenue for December 2020 was $1,763 million, up 38.1% compared to December 2019.

Did ASE Technology's December 2020 revenue increase or decrease from November 2020?

ASE Technology's December 2020 revenue decreased by 0.7% from November 2020, which was NT$50,665 million.