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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (NYSE: ASX) reported unaudited consolidated net revenues of NT$ 48,574 million (US$ 1,760 million) for January 2022, reflecting an 18.6% decrease from December 2021 and an 18.9% increase year-over-year. In comparison to December 2021, net revenues dropped from NT$ 59,665 million (US$ 2,152 million). The ATM assembly, testing, and material business experienced a 11.3% sequential decline but a 10.7% year-over-year increase in revenues. The company noted that performance is subject to market conditions and other risks, particularly in the semiconductor sector.

Positive

• Year-over-year revenue increase of 18.9%
• ATM net revenues showed a year-over-year increase of 10.7%

Negative

• Sequential revenue decline of 18.6% compared to December 2021
• ATM revenue decreased 11.3% sequentially

TAIPEI, Taiwan, R.O.C., Feb. 10, 2022 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for January 2022.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Jan		Dec		Jan		Sequential		YoY
(NT$ Million)		2022		2021		2021		Change		Change
Net Revenues		48,574		59,665		40,848		-18.6%		+18.9%
		Jan		Dec		Jan		Sequential		YoY
(US$ Million)		2022		2021		2021		Change		Change
Net Revenues		1,760		2,152		1,438		-18.2%		+22.4%

Pro Forma Basis**

		Jan		Dec		Jan		Sequential		YoY
(NT$ Million)		2022		2021		2021		Change		Change
Net Revenues		48,574		57,376		38,961		-15.3%		+24.7%
		Jan		Dec		Jan		Sequential		YoY
(US$ Million)		2022		2021		2021		Change		Change
Net Revenues		1,760		2,070		1,372		-15.0%		+28.3%

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

ATM NET REVENUES (UNAUDITED)

		Jan		Dec		Jan		Sequential		YoY
(NT$ Million)		2022		2021		2021		Change		Change
Net Revenues		27,509		31,011		24,854		-11.3%		+10.7%
		Jan		Dec		Jan		Sequential		YoY
(US$ Million)		2022		2021		2021		Change		Change
Net Revenues		997		1,119		875		-10.9%		+13.9%

Pro Forma Basis**

		Jan		Dec		Jan		Sequential		YoY
(NT$ Million)		2022		2021		2021		Change		Change
Net Revenues		27,509		28,722		22,967		-4.2%		+19.8%
		Jan		Dec		Jan		Sequential		YoY
(US$ Million)		2022		2021		2021		Change		Change
Net Revenues		997		1,036		809		-3.8%		+23.2%

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

** Pro forma basis excludes the 4 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 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

View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-announces-monthly-net-revenues-301479433.html

SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology's net revenues for January 2022?

ASE Technology reported net revenues of NT$ 48,574 million (US$ 1,760 million) for January 2022.

How does January 2022's revenue compare to December 2021 for ASE Technology?

In January 2022, ASE Technology's revenue decreased by 18.6% compared to December 2021.

What is the year-over-year revenue growth for ASE Technology in January 2022?

ASE Technology experienced an 18.9% increase in revenue year-over-year in January 2022.

What was the performance of the ATM assembly and testing business for ASE Technology in January 2022?

The ATM assembly, testing, and material business saw a sequential decline of 11.3% in January 2022 but a year-over-year increase of 10.7%.

What are the potential risks ASE Technology faces in the semiconductor industry?

ASE Technology faces risks related to market conditions, regulatory challenges, and competition in the semiconductor industry.