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 November 2022. The company achieved NT$60,107 million ($1,889 million), reflecting a 6.3% decrease from October 2022 and a 0.7% decline year-over-year. For the ATM assembly, testing, and material business, net revenues were NT$32,650 million, representing a 1.7% decrease from the prior month but a 7.1% increase from November 2021. The pro forma basis results showed a similar trend, with net revenues for November at NT$60,107 million.

Positive

• ATM net revenues for November increased by 7.1% year-over-year.
• Pro forma net revenues for November 2022 reflected a 3.2% increase compared to November 2021.

Negative

• Consolidated net revenues decreased by 6.3% month-over-month.
• Consolidated net revenues decreased by 0.7% year-over-year.

TAIPEI, Taiwan, R.O.C., Dec. 9, 2022 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for November 2022.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Nov		Oct		Nov		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		60,107		64,171		60,523		-6.3 %		-0.7 %
		Nov		Oct		Nov		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,889		2,027		2,178		-6.8 %		-13.3 %

 

Pro Forma Basis**

		Nov		Oct		Nov		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		60,107		64,171		58,268		-6.3 %		+3.2 %
		Nov		Oct		Nov		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,889		2,027		2,097		-6.8 %		-9.9 %

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

 

ATM NET REVENUES (UNAUDITED)

		Nov		Oct		Nov		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		32,650		33,210		30,475		-1.7 %		+7.1 %
		Nov		Oct		Nov		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,026		1,049		1,097		-2.1 %		-6.4 %

 

Pro Forma Basis**

		Nov		Oct		Nov		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		32,650		33,210		28,220		-1.7 %		+15.7 %
		Nov		Oct		Nov		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,026		1,049		1,016		-2.1 %		+1.1 %

 

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

** Pro forma basis excludes the disposed China Sites.

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 2021 Annual Report on Form 20-F filed on March 29, 2022.

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 Holding Co. Ltd.'s revenues for November 2022?

ASE reported net revenues of NT$60,107 million ($1,889 million) for November 2022.

How did ASE's November 2022 revenues compare to October 2022?

November 2022 revenues decreased by 6.3% compared to October 2022.

What was the year-over-year change in ASE's November 2022 revenues?

ASE's November 2022 revenues decreased by 0.7% compared to November 2021.

What were the ATM net revenues for ASE in November 2022?

ASE's ATM net revenues for November 2022 were NT$32,650 million.

Did ASE Technology see any year-over-year growth in ATM revenues?

Yes, ATM revenue increased by 7.1% year-over-year in November 2022.