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

Rhea-AI Summary

ASE Technology Holding Co. reported solid financial results with June 2020 consolidated net revenues reaching NT$36,458 million, reflecting a 1.9% increase from May and a 15.5% year-over-year growth. For Q2 2020, net revenues were NT$107,549 million, up 10.5% sequentially and 18.5% year-over-year. The ATM assembly and testing segment also performed well, generating NT$23,447 million in June, marking a 1.2% monthly and 13.8% yearly increase. The strong revenue figures demonstrate robust demand across ASEH's business operations.

Positive

• June 2020 net revenues of NT$36,458 million, up 1.9% MoM and 15.5% YoY.
• Q2 2020 net revenues increased to NT$107,549 million, marking a 10.5% sequential and 18.5% YoY growth.
• ATM assembly and testing revenue at NT$23,447 million in June, up 1.2% MoM and 13.8% YoY.

Negative

• None.

TAIPEI, Taiwan, R.O.C., July 9, 2020 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for June and 2^nd quarter of 2020.

Consolidated net revenues (unaudited)
		Jun		May		Jun		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		36,458		35,788		31,571		+1.9%		+15.5%
		Jun		May		Jun		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		1,224		1,198		1,005		+2.2%		+21.8%
		Q2		Q1		Q2		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		107,549		97,357		90,741		+10.5%		+18.5%
		Q2		Q1		Q2		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		3,593		3,244		2,923		+10.8%		+22.9%

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

atm net revenues (unaudited)
		Jun		May		Jun		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		23,447		23,165		20,605		+1.2%		+13.8%
		Jun		May		Jun		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		787		775		656		+1.5%		+20.0%
		Q2		Q1		Q2		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		69,516		66,209		59,594		+5.0%		+16.6%
		Q2		Q1		Q2		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		2,322		2,206		1,920		+5.3%		+21.0%

*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 Holding's net revenues for June 2020?

ASE Technology Holding reported net revenues of NT$36,458 million for June 2020.

How did ASE Technology's Q2 2020 revenues compare to Q1 2020?

In Q2 2020, ASE Technology's net revenues increased to NT$107,549 million, compared to NT$97,357 million in Q1 2020.

What was the year-over-year growth in Q2 2020 for ASE Technology's net revenues?

ASE Technology experienced an 18.5% year-over-year growth in net revenues for Q2 2020.

How did the ATM assembly revenues perform in June 2020?

ATM assembly revenues reached NT$23,447 million in June 2020, showing a 1.2% increase from May 2020.

What were the growth rates for ASE Technology's net revenues in US dollars for June 2020?

In US dollars, ASE Technology's net revenues for June 2020 were $1,224 million, up 2.2% MoM and 21.8% YoY.