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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (NYSE: ASX) reported October 2021 net revenues of NT$52,748 million (US$1,895 million), reflecting a 1.8% decrease sequentially but a 10.1% increase year-over-year.

Net revenues from ATM assembly, testing, and materials totaled NT$30,472 million (US$1,095 million), marking a 0.5% increase sequentially and a significant 32.1% increase year-over-year.

This performance highlights the company's resilience despite market challenges.

Positive

• Year-over-year net revenue growth of 10.1%.
• ATM assembly revenues rose by 32.1% compared to the previous year.

Negative

• Sequential net revenue decline of 1.8%.
• Overall net revenues down 2.3% compared to September 2021.

TAIPEI, Taiwan, R.O.C., Nov. 9, 2021 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for October 2021.

CONSOLIDATED NET REVENUES (UNAUDITED)
		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2021		2021		2020		Change		Change
Net Revenues		52,748		53,735		47,915		-1.8%		+10.1%
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2021		2021		2020		Change		Change
Net Revenues		1,895		1,939		1,652		-2.3%		+14.7%

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

ATM NET REVENUES (UNAUDITED)
		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2021		2021		2020		Change		Change
Net Revenues		30,472		30,328		23,075		+0.5%		+32.1%
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2021		2021		2020		Change		Change
Net Revenues		1,095		1,095		796		+0.0%		+37.6%

*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 2020 Annual Report on Form 20-F filed on April 6, 2021.

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 revenues for October 2021?

ASE Technology reported net revenues of NT$52,748 million (US$1,895 million) for October 2021.

How do ASE Technology's revenues compare year-over-year?

The company experienced a 10.1% increase in revenues compared to October 2020.

What was the sequential change in ASE Technology's net revenues for October 2021?

There was a sequential decrease of 1.8% in net revenues from September to October 2021.

What was the growth in ATM assembly revenues for October 2021?

ATM assembly revenues increased by 32.1% compared to the same month last year.