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

Rhea-AI Summary

TAIPEI, Taiwan, R.O.C., Oct. 8, 2020 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (ASX) reported unaudited consolidated net revenues for September 2020 of NT$ 43,926 million, a 4.7% increase from August and a 6.8% increase year-over-year. For Q3 2020, revenues reached NT$ 123,195 million, up 14.5% sequentially and 4.8% year-over-year. The company also revealed September ATM assembly revenues of NT$ 22,859 million, reflecting a 7.8% decline from August. Other financial highlights included solid growth in other segments, emphasizing the company's resilient performance amidst market challenges.

Positive

• Q3 2020 net revenues increased to NT$ 123,195 million, up 14.5% sequentially and 4.8% year-over-year.
• September 2020 net revenues of NT$ 43,926 million, reflecting a 4.7% growth from August and 6.8% year-over-year increase.

Negative

• ATM assembly revenues declined by 7.8% from August to September 2020.

TAIPEI, Taiwan, R.O.C., Oct. 8, 2020 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for September and 3^rd quarter of 2020.

CONSOLIDATED NET REVENUES (UNAUDITED)
		Sept		Aug		Sept		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		43,926		41,944		41,142		+4.7%		+6.8%
		Sept		Aug		Sept		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		1,495		1,424		1,320		+5.0%		+13.3%
		Q3		Q2		Q3		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		123,195		107,549		117,557		+14.5%		+4.8%
		Q3		Q2		Q3		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		4,182		3,593		3,772		+16.4%		+10.9%

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

ATM NET REVENUES (UNAUDITED)
		Sept		Aug		Sept		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		22,859		24,787		23,349		-7.8%		-2.1%
		Sept		Aug		Sept		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		778		841		749		-7.6%		+3.9%
		Q3		Q2		Q3		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		71,821		69,516		67,901		+3.3%		+5.8%
		Q3		Q2		Q3		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		2,438		2,322		2,179		+5.0%		+11.9%

*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 2019 Annual Report on Form 20-F filed on March 31, 2020.

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 net revenues for September 2020?

ASE Technology reported net revenues of NT$ 43,926 million for September 2020.

How did ASE Technology perform in Q3 2020?

In Q3 2020, ASE Technology achieved net revenues of NT$ 123,195 million, up 14.5% sequentially and 4.8% year-over-year.

What was the revenue change for ATM assembly in September 2020?

ATM assembly revenues for September 2020 declined by 7.8% compared to August 2020.