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

Rhea-AI Summary

ASE Technology Holding Co. (NYSE: ASX) has released its unaudited consolidated net revenues for January 2025. The company reported consolidated net revenues of NT$49,444 million (US$1,506 million), showing a sequential decline of 6.5% from December 2024 but a year-over-year increase of 4.3% in NT$ terms.

In the ATM (assembly, testing and material) business segment, net revenues reached NT$28,137 million (US$857 million), representing a sequential decrease of 5.8% from December 2024 but a significant year-over-year growth of 13.0% in NT$ terms.

Positive

• YoY revenue growth of 4.3% in NT$ terms for consolidated revenues
• Strong YoY growth of 13.0% in NT$ terms for ATM business segment

Negative

• Sequential revenue decline of 6.5% in consolidated revenues
• Sequential decrease of 5.8% in ATM segment revenues
• YoY decline of 1.3% in consolidated revenues when measured in USD

Insights

Semiconductor Industry Financial Analyst

ASE Technology's January 2025 performance reveals interesting dynamics in the semiconductor packaging and testing market. The ATM segment's robust 7.0% year-over-year growth in USD terms signals sustained demand for advanced packaging solutions, particularly important for AI and high-performance computing applications. This outperformance of the core business versus overall revenues suggests strategic positioning in high-value segments.

The sequential revenue decline of 7.7% should be viewed in the context of typical seasonal patterns, as January often shows softness following December's stronger performance. However, the divergence between NT$ and USD results highlights the increasing importance of currency risk management, with NT$ revenues showing positive year-over-year growth of 4.3% while USD revenues declined 1.3%.

The ATM segment's performance is particularly noteworthy, as its 857 million USD revenue demonstrates ASE's strong market position in advanced packaging technologies. This segment's growth outpacing overall company performance suggests successful execution in high-margin, technology-intensive services, which typically command better pricing power and customer stickiness.

Looking ahead, the semiconductor industry's increasing focus on heterogeneous integration and advanced packaging solutions positions ASE well for sustained growth, despite short-term seasonal fluctuations. The company's ability to maintain year-over-year growth in its core ATM business during a traditionally soft month indicates resilient demand for its advanced packaging services.

TAIPEI, Feb. 10, 2025 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for January 2025.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Jan		Dec		Jan		Sequential		YoY
(NT$ Million)		2025		2024		2024		Change		Change
Net Revenues		49,444		52,905		47,390		-6.5 %		+4.3 %
		Jan		Dec		Jan		Sequential		YoY
(US$ Million)		2025		2024		2024		Change		Change
Net Revenues		1,506		1,632		1,525		-7.7 %		-1.3 %

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

ATM NET REVENUES (UNAUDITED)

		Jan		Dec		Jan		Sequential		YoY
(NT$ Million)		2025		2024		2024		Change		Change
Net Revenues		28,137		29,858		24,894		-5.8 %		+13.0 %
		Jan		Dec		Jan		Sequential		YoY
(US$ Million)		2025		2024		2024		Change		Change
Net Revenues		857		921		801		-6.9 %		+7.0 %

*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 2022 Annual Report on Form 20-F filed on April 10, 2023.

Investor Relations Contact:

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

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SOURCE ASE Technology Holding Co., Ltd.

FAQ

What was ASX's total revenue for January 2025?

ASX reported total revenue of NT$49,444 million (US$1,506 million) for January 2025.

How did ASX's ATM segment perform in January 2025 compared to January 2024?

ASX's ATM segment showed strong growth, with revenues increasing 13.0% year-over-year in NT$ terms, reaching NT$28,137 million.

What was the sequential revenue change for ASX from December 2024 to January 2025?

ASX's consolidated revenues decreased by 6.5% sequentially from December 2024 to January 2025.

How did ASX's USD revenues perform year-over-year in January 2025?

ASX's USD revenues showed a decline of 1.3% year-over-year in January 2025 compared to January 2024.