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

Rhea-AI Summary

ASE Technology Holding Co. reported its August 2020 unaudited consolidated net revenues, achieving NT$ 41,944 million (approximately US$ 1,424 million), marking a 12.4% increase month-over-month and a 4.8% increase year-over-year. The ATM assembly and testing segment generated NT$ 24,787 million, up 2.5% from July and 8.3% year-over-year. Overall, the results reflect strong demand within the semiconductor sector amid fluctuating market conditions.

Positive

• 12.4% revenue growth month-over-month.
• 4.8% revenue increase year-over-year.
• ATM segment revenue up 2.5% from July and 8.3% year-over-year.

Negative

• None.

TAIPEI, Taiwan, R.O.C., Sept. 9, 2020 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for August 2020.

CONSOLIDATED NET REVENUES (UNAUDITED)
		Aug		Jul		Aug		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		41,944		37,326		40,039		+12.4%		+4.8%
		Aug		Jul		Aug		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		1,424		1,264		1,279		+12.6%		+11.3%

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

ATM NET REVENUES (UNAUDITED)
		Aug		Jul		Aug		Sequential		YoY
(NT$ Million)		2020		2020		2019		Change		Change
Net Revenues		24,787		24,175		22,884		+2.5%		+8.3%
		Aug		Jul		Aug		Sequential		YoY
(US$ Million)		2020		2020		2019		Change		Change
Net Revenues		841		819		731		+2.8%		+15.1%
*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 Holding's net revenues for August 2020?

ASE Technology Holding reported net revenues of NT$ 41,944 million for August 2020.

How did ASE's August 2020 revenues compare to July 2020?

In August 2020, ASE's revenues increased by 12.4% compared to July 2020.

What is the year-over-year revenue change for ASE in August 2020?

ASE Technology's revenues in August 2020 rose by 4.8% compared to August 2019.

What were the revenues from ASE's ATM assembly and testing segment in August 2020?

The ATM segment generated NT$ 24,787 million in August 2020.