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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (ASX) reported unaudited consolidated net revenues of NT$42,002 million (US$1,490 million) for March 2021, marking a 14.7% increase sequentially and a 10.9% rise year-over-year. For Q1 2021, net revenues totaled NT$119,470 million (US$4,222 million), down 19.8% from Q4 2020, but up 22.7% year-over-year. The ATM segment generated NT$25,733 million (US$913 million) in March, reflecting an 11.0% sequential increase. The company emphasized the impact of market cyclicality and competitive pressures in the semiconductor industry.

Positive

• March 2021 net revenues increased by 14.7% sequentially and 10.9% year-over-year.
• Q1 2021 net revenues rose by 22.7% compared to Q1 2020.

Negative

• Q1 2021 net revenues decreased by 19.8% from Q4 2020.

TAIPEI, Taiwan, R.O.C., April 9, 2021 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for March and 1^st quarter of 2021.

CONSOLIDATED NET REVENUES (UNAUDITED)
		Mar		Feb		Mar		Sequential		YoY
(NT$ Million)		2021		2021		2020		Change		Change
Net Revenues		42,002		36,620		37,884		+14.7%		+10.9%
		Mar		Feb		Mar		Sequential		YoY
(US$ Million)		2021		2021		2020		Change		Change
Net Revenues		1,490		1,293		1,259		+15.2%		+18.3%
		Q1		Q4		Q1		Sequential		YoY
(NT$ Million)		2021		2020		2020		Change		Change
Net Revenues		119,470		148,877		97,357		-19.8%		+22.7%
		Q1		Q4		Q1		Sequential		YoY
(US$ Million)		2021		2020		2020		Change		Change
Net Revenues		4,222		5,174		3,244		-18.4%		+30.1%

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

ATM NET REVENUES (UNAUDITED)
		Mar		Feb		Mar		Sequential		YoY
(NT$ Million)		2021		2021		2020		Change		Change
Net Revenues		25,733		23,180		23,065		+11.0%		+11.6%
		Mar		Feb		Mar		Sequential		YoY
(US$ Million)		2021		2021		2020		Change		Change
Net Revenues		913		819		767		+11.5%		+19.1%
		Q1		Q4		Q1		Sequential		YoY
(NT$ Million)		2021		2020		2020		Change		Change
Net Revenues		73,767		72,752		66,209		+1.4%		+11.4%
		Q1		Q4		Q1		Sequential		YoY
(US$ Million)		2021		2020		2020		Change		Change
Net Revenues		2,607		2,529		2,206		+3.1%		+18.1%

 

*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 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 are ASE Technology's revenues for March 2021?

ASE Technology reported consolidated net revenues of NT$42,002 million (US$1,490 million) for March 2021.

How did ASE Technology perform in Q1 2021 compared to Q4 2020?

In Q1 2021, ASE Technology's net revenues decreased by 19.8% compared to Q4 2020.

What was the year-over-year revenue growth for ASE Technology in Q1 2021?

ASE Technology's Q1 2021 revenues increased by 22.7% compared to Q1 2020.

How much did the ATM segment contribute to ASE Technology's revenues in March 2021?

The ATM segment generated NT$25,733 million (US$913 million) in March 2021.