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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, 'ASEH') announces unaudited consolidated net revenues for October 2023, with NT$56,167 million (US$1,746 million), showing a sequential increase of 4.9% and a year-over-year decrease of 12.5%. The net revenues for ATM assembly, testing, and material business were NT$28,340 million (US$881 million), with a sequential decrease of 0.1% and a year-over-year decrease of 14.7%.

Positive

• The company reported a sequential increase in net revenues, showing signs of recovery from previous months.
• The press release provides specific financial figures for net revenues in both NT$ and US$, allowing investors to assess performance across different markets.
• The disclosure of year-over-year changes in net revenues provides valuable insight into the company's performance over time.

Negative

• None.

TAIPEI, Nov. 9, 2023 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for October 2023.

Consolidated net revenues (unaudited)

		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2023		2023		2022		Change		Change
Net Revenues		56,167		53,535		64,171		+4.9 %		-12.5 %
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2023		2023		2022		Change		Change
Net Revenues		1,746		1,681		2,027		+3.8 %		-13.9 %

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

atm net revenues (unaudited)

		Oct		Sept		Oct		Sequential		YoY
(NT$ Million)		2023		2023		2022		Change		Change
Net Revenues		28,340		28,375		33,210		-0.1 %		-14.7 %
		Oct		Sept		Oct		Sequential		YoY
(US$ Million)		2023		2023		2022		Change		Change
Net Revenues		881		891		1,049		-1.1 %		-16.0 %

*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 2022 Annual Report on Form 20-F filed on April 10, 2023.

Investor Relations Contact:

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

View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-announces-monthly-net-revenues-301982631.html

SOURCE ASE Technology Holding Co., Ltd.

FAQ

What are the unaudited consolidated net revenues announced by ASE Technology Holding Co., Ltd. for October 2023?

ASE Technology Holding Co., Ltd. announced unaudited consolidated net revenues of NT$56,167 million (US$1,746 million) for October 2023, with a sequential increase of 4.9% and a year-over-year decrease of 12.5%.

What are the net revenues for ATM assembly, testing, and material business for October 2023?

The net revenues for ATM assembly, testing, and material business for October 2023 were NT$28,340 million (US$881 million), with a sequential decrease of 0.1% and a year-over-year decrease of 14.7%.