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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (NYSE: ASX) reported its unaudited consolidated net revenues for July 2020, amounting to NT$37,326 million (US$1,264 million), reflecting a sequential increase of 2.4% from June's NT$36,458 million and a year-over-year increase of 2.6% from NT$36,376 million.

The net revenues from its ATM assembly, testing, and material business for July 2020 reached NT$24,175 million (US$819 million), showing a sequential rise of 3.1% from June and a significant year-over-year increase of 11.6% from NT$21,668 million.

Positive

• July 2020 consolidated net revenues of NT$37,326 million (US$1,264 million) reflect a 2.4% sequential increase.
• Year-over-year net revenues rose 2.6% compared to July 2019.
• ATM business revenues increased 3.1% sequentially, totaling NT$24,175 million (US$819 million).
• Significant year-over-year growth of 11.6% in ATM revenues.

Negative

• None.

TAIPEI, Taiwan, R.O.C., Aug. 10, 2020 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for July 2020.

CONSOLIDATED NET REVENUES (UNAUDITED)
		Jul		Jun		Jul		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		37,326		36,458		36,376		+2.4%		+2.6%
		Jul		Jun		Jul		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		1,264		1,224		1,173		+3.3%		+7.8%

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

ATM NET REVENUES (UNAUDITED)
		Jul		Jun		Jul		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		24,175		23,447		21,668		+3.1%		+11.6%
		Jul		Jun		Jul		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		819		787		699		+4.0%		+17.2%

 

*This press release is intended to comply with Taiwan regulatory requirements.

Investor Relations Contact:

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

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.

View original content:http://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-announces-monthly-net-revenues-301108369.html

SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology's revenues for July 2020?

ASE Technology reported consolidated net revenues of NT$37,326 million (US$1,264 million) for July 2020.

How did ASE Technology's July 2020 revenues compare to June 2020?

The revenues for July 2020 increased by 2.4% compared to June 2020.

What was the year-over-year revenue change for ASE Technology in July 2020?

ASE Technology experienced a 2.6% increase in revenues year-over-year in July 2020.

What were the ATM net revenues for ASE Technology in July 2020?

The ATM net revenues for July 2020 were NT$24,175 million (US$819 million).

What was the year-over-year change in ATM revenues for ASE Technology in July 2020?

The ATM revenues showed a year-over-year increase of 11.6% in July 2020.