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

Rhea-AI Summary

ASE Technology Holding Co. Ltd. (ASX) reported unaudited consolidated net revenues for January 2023, totaling NT$45,131 million, a decline of 15.1% sequentially and 7.1% year-over-year. In USD terms, revenues fell to $1,477 million, reflecting a drop of 14.9% sequentially and 16.1% year-over-year. The ATM assembly, testing, and material business saw net revenues of NT$24,371 million, down 14.4% sequentially and 11.4% year-over-year. The company continues to navigate challenges in the semiconductor industry, with forward-looking statements highlighting potential market fluctuations and regulatory impacts.

Positive

• None.

Negative

• January 2023 net revenues of NT$45,131 million represent a 15.1% decline from December 2022.
• Revenues decreased by 7.1% compared to January 2022.
• USD revenues fell to $1,477 million, down 14.9% sequentially and 16.1% year-over-year.
• ATM segment revenues declined by 14.4% sequentially and 11.4% year-over-year.

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

Consolidated net revenues (unaudited)

		Jan		Dec		Jan		Sequential		YoY
(NT$ Million)		2023		2022		2022		Change		Change
Net Revenues		45,131		53,139		48,574		-15.1 %		-7.1 %
		Jan		Dec		Jan		Sequential		YoY
(US$ Million)		2023		2022		2022		Change		Change
Net Revenues		1,477		1,736		1,760		-14.9 %		-16.1 %

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

atm net revenues (unaudited)

		Jan		Dec		Jan		Sequential		YoY
(NT$ Million)		2023		2022		2022		Change		Change
Net Revenues		24,371		28,462		27,509		-14.4 %		-11.4 %
		Jan		Dec		Jan		Sequential		YoY
(US$ Million)		2023		2022		2022		Change		Change
Net Revenues		798		930		997		-14.2 %		-20.0 %

*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 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's net revenues in January 2023?

ASE Technology Holding's net revenues for January 2023 were NT$45,131 million, which is approximately $1,477 million.

How did ASE's January 2023 revenues compare to December 2022?

In January 2023, ASE's revenues decreased by 15.1% compared to December 2022.

What is the year-over-year change in ASE's revenues for January 2023?

Compared to January 2022, ASE's revenues for January 2023 fell by 7.1%.

What were the ATM net revenues for ASE in January 2023?

ATM net revenues for January 2023 were NT$24,371 million, reflecting a 14.4% decline sequentially.

What challenges is ASE Technology Holding facing in 2023?

ASE faces potential market fluctuations and regulatory impacts in the semiconductor industry.