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

Rhea-AI Summary

ASE Technology Holding Co. (NYSE: ASX) reported unaudited consolidated net revenues for February 2023 amounting to NT$39,985 million (approximately US$1,327 million), reflecting an 11.4% sequential decline and an 8.8% year-over-year decrease. The ATM assembly, testing, and material sectors generated net revenues of NT$23,177 million (around US$769 million), a 4.9% decrease from January 2023 and a 10.8% decline compared to February 2022. The company notes that these results raise concerns regarding ongoing market conditions and competitive pressures within the semiconductor industry.

Positive

• N/A

Negative

• 11.4% decline in sequential net revenues for February 2023.
• 8.8% year-over-year revenue decline compared to February 2022.
• ATM net revenues down 4.9% sequentially and 10.8% year-over-year.

TAIPEI, Taiwan, R.O.C., March 9, 2023 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for February 2023.

Consolidated net revenues (unaudited)

		Feb		Jan		Feb		Sequential		YoY
(NT$ Million)		2023		2023		2022		Change		Change
Net Revenues		39,985		45,131		43,831		-11.4 %		-8.8 %
		Feb		Jan		Feb		Sequential		YoY
(US$ Million)		2023		2023		2022		Change		Change
Net Revenues		1,327		1,477		1,579		-10.2 %		-16.0 %

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

atm net revenues (unaudited)

		Feb		Jan		Feb		Sequential		YoY
(NT$ Million)		2023		2023		2022		Change		Change
Net Revenues		23,177		24,371		25,996		-4.9 %		-10.8 %
		Feb		Jan		Feb		Sequential		YoY
(US$ Million)		2023		2023		2022		Change		Change
Net Revenues		769		798		937		-3.6 %		-17.9 %

*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 2021 Annual Report on Form 20-F filed on March 29, 2022.

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 Co.'s net revenues for February 2023?

ASE Technology Holding Co. reported net revenues of NT$39,985 million (approximately US$1,327 million) for February 2023.

How did ASE Technology's February 2023 revenues compare to January 2023?

The February 2023 net revenues represented an 11.4% decrease compared to January 2023.

What was ASE Technology's year-over-year revenue change for February 2023?

Year-over-year, ASE Technology experienced an 8.8% decline in revenues compared to February 2022.

What were the ATM net revenues for ASE Technology in February 2023?

ATM net revenues for February 2023 were NT$23,177 million (around US$769 million).

How much did ATM net revenues decline compared to January 2023?

ATM net revenues decreased by 4.9% from January 2023.

What was the year-over-year change for ATM net revenues in February 2023?

The year-over-year change for ATM net revenues showed a decline of 10.8% compared to February 2022.