ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year of 2022

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) reported net revenues of NT$177,417 million for 4Q22, reflecting a 3% year-over-year increase but a 6% decline sequentially. Net income attributable to shareholders fell to NT$15,730 million, down from NT$30,916 million in 4Q21. Basic and diluted earnings per share for 4Q22 were NT$3.77 and NT$3.57, respectively. For the full year, net revenues reached NT$670,873 million, an 18% increase from 2021, with net income of NT$62,090 million. The gross margin for 4Q22 decreased to 19.2% from 20.1% in 3Q22, highlighting operational challenges amidst an evolving semiconductor market.

Positive

• Net revenues for the full year of 2022 increased by 18% year-over-year.
• Gross margin improved to 20.1% for the full year of 2022, up from 19.4% in 2021.

Negative

• Net income in 4Q22 declined to NT$15,730 million from NT$30,916 million in 4Q21.
• Basic earnings per share decreased to NT$3.77 from NT$7.20 in 4Q21.
• Gross margin decreased to 19.2% in 4Q22 from 20.1% in 3Q22.

TAIPEI, Taiwan, R.O.C., Feb. 9, 2023 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) ("We", "ASEH", or the "Company"), the leading provider of semiconductor assembly and testing services ("ATM") and the provider of electronic manufacturing services ("EMS"), today reported its unaudited net revenues[1] of NT$177,417 million for 4Q22, up by 3% year-over-year (or up by 7% year-over-year on pro forma basis) and down by 6% sequentially.  Net income attributable to shareholders of the parent for the quarter totaled NT$15,730 million, down from NT$30,916 million in 4Q21 (or up from NT$14,459 million on pro forma basis) and down from NT$17,465 million in 3Q22.  Basic earnings per share for the quarter were NT$3.77 (or US$0.240 per ADS), compared to NT$7.20 for 4Q21 (or NT$3.37 on pro forma basis) and NT$4.03 for 3Q22.  Diluted earnings per share for the quarter were NT$3.57 (or US$0.228 per ADS), compared to NT$6.99 for 4Q21 (or NT$3.21 on pro forma basis) and NT$3.92 for 3Q22.

For the full year of 2022, the Company reported unaudited net revenues of NT$670,873 million and net income attributable to shareholders of the parent of NT$62,090 million.  Basic earnings per share for the full year of 2022 were NT$14.53 (or US$0.980 per ADS).  Diluted earnings per share for the full year of 2022 were NT$13.94 (or US$0.941 per ADS).

We are providing you with the unaudited pro forma financial information to assist you in your analysis of the financial aspects of our disposal of the China Sites in 4Q21.  The unaudited pro forma financial information was based on our historical financial statements and the historical financial statements of our China sites, given effect to the disposal as if it had occurred for the preceding three months and the year ended 4Q21.  For more details on our operations, please refer to "Supplemental Financial Information", "Summary of Consolidated Statement of Income Data", and "Summary of ATM Statement of Income Data."

RESULTS OF OPERATIONS

4Q22 Results Highlights – Consolidated

• Net revenues from packaging operations, testing operations, EMS operations and others represented approximately 43%, 8%, 48% and 1% of the total net revenues for the quarter, respectively.
• Cost of revenues was NT$143,318 million for the quarter, down from NT$150,654 million in 3Q22.
  -  Raw material cost totaled NT$96,191 million for the quarter, representing 54% of the total net revenues.
  -  Labor cost totaled NT$16,947 million for the quarter, representing 10% of the total net revenues.
  -  Depreciation, amortization and rental expenses totaled NT$13,034 million for the quarter.
• Gross margin decreased by 0.9 percentage points to 19.2% in 4Q22 from 20.1% in 3Q22.
• Operating margin was 11.1% in 4Q22, compared to 12.6% in 3Q22.
• In terms of non-operating items:
  -  Net interest expense was NT$1,093 million.
  -  Net foreign exchange gain was NT$2,763 million, primarily attributable to the depreciation of the U.S. dollar against the New Taiwan dollar.
  -  Net loss on valuation of financial assets and liabilities was NT$1,720 million.
  -  Net gain on equity-method investments was NT$85 million.
  -  Other net non-operating income was NT$403 million, primarily attributable to miscellaneous income.  Total non-operating income for the quarter was NT$438 million.
• Income before tax was NT$20,212 million in 4Q22, compared to NT$23,615 million in 3Q22.  We recorded income tax expenses of NT$3,596 million for the quarter, compared to NT$5,046 million in 3Q22.
• Net income attributable to shareholders of the parent was NT$15,730 million in 4Q22, compared to NT$30,916 million in 4Q21 and NT$17,465 million in 3Q22.
• Our total number of shares outstanding at the end of the quarter was 4,367,242,902, including treasury stock owned by our subsidiaries in 4Q22.  Our 4Q22 basic earnings per share of NT$3.77 (or US$0.240 per ADS) were based on 4,172,537,568 weighted average numbers of shares outstanding in 4Q22.  Our 4Q22 diluted earnings per share of NT$3.57 (or US$0.228 per ADS) were based on 4,218,765,387 weighted average number of shares outstanding in 4Q22.

4Q22 Results Highlights – ATM

• Net revenues were NT$94,322 million for the quarter, up by 3% year-over-year (or up by 11% year-over-year on pro forma basis) and down by 5% sequentially.
• Cost of revenues was NT$68,129 million for the quarter, down by 3% sequentially.
  -  Raw material cost totaled NT$27,676 million for the quarter, representing 29% of the total net revenues.
  -  Labor cost totaled NT$13,800 million for the quarter, representing 15% of the total net revenues.
  -  Depreciation, amortization and rental expenses totaled NT$11,730 million for the quarter.
• Gross margin decreased by 1.4 percentage points to 27.8% in 4Q22 from 29.2% in 3Q22.
• Operating margin was 16.7% in 4Q22, compared to 18.9% in 3Q22.

4Q22 Results Highlights – EMS

• Net revenues were NT$83,933 million, down by 7% sequentially.
• Cost of revenues for the quarter was NT$76,131 million, down by 7% sequentially.
  -  Raw material cost totaled NT$68,444 million for the quarter, representing 82% of the total net revenues.
  -  Labor cost totaled NT$3,037 million for the quarter, representing 4% of the total net revenues.
  -  Depreciation, amortization and rental expenses totaled NT$1,028 million for the quarter.
• Gross margin decreased by 0.8 percentage points to 9.3% in 4Q22 from 10.1% in 3Q22.
• Operating margin was 4.7% in 4Q22, compared to 5.7% in 3Q22.

2022 Full-Year Results Highlights – Consolidated

• Net revenues for the full year of 2022 amounted to NT$670,873 million, up by 18% from the full year of 2021. Net revenues from packaging operations, testing operations, EMS operations and others represented approximately 45%, 9%, 45% and 1% of total net revenues for the year, respectively.
• Cost of revenue for the year of 2022 was NT$535,943 million, compared to NT$459,628 million in 2021.
  -  Raw material cost totaled NT$349,814 million for the year, representing 52% of total net revenues.
  -  Labor cost totaled NT$68,024 million for the year, representing 10% of total net revenues.
  -  Depreciation, amortization and rental expenses totaled NT$50,767 million for the year.
• Gross margin increased by 0.7 percentage points to 20.1% in 2022 from 19.4% in 2021.
• Operating margin increased to 12.0% in 2022 from 10.9% in 2021.
• Total non-operating income for the year was NT$1,450 million, compared to NT$18,211 million in 2021.
• Income before tax was NT$81,626 million in 2022.  We recognized an income tax expense of NT$16,399 million for the year.
• Net income attributable to shareholders of the parent amounted to NT$62,090 million in 2022, compared to NT$63,908 million in 2021.
• Our total number of shares outstanding at the end of the year was 4,367,242,902, including treasury stock owned by our subsidiaries in 4Q22.  Our 2022 basic earnings per share of NT$14.53 (or US$0.980 per ADS) were based on 4,274,686,776 weighted average numbers of shares outstanding in 2022.  Our 2022 diluted earnings per share of NT$13.94 (or US$0.941 per ADS) were based on 4,323,422,198 weighted average number of shares outstanding in 2022.

2022 Full-Year Results Highlights – ATM

• Cost of revenues for the full year of 2022 was NT$266,283 million, compared to NT$246,133 million in 2021.
  -  Raw material cost totaled NT$105,276 million for the year, representing 28% of total net revenues.
  -  Labor cost totaled NT$56,314 million for the year, representing 15% of total net revenues.
  -  Depreciation, amortization and rental expenses totaled NT$45,833 million for the year.
• Gross margin increased to 28.5% in 2022 from 26.5% in 2021.
• Operating margin increased to 17.9% in 2022 from 16.0% in 2021.

2022 Full-Year Results Highlights – EMS

• Cost of revenues was NT$272,951 million in 2022, up by 25% from 2021.
  -  Raw material cost totaled NT$244,177 million for the year, representing 81% of total net revenues.
  -  Labor cost totaled NT$11,270 million for the year, representing 4% of total net revenues.
  -  Depreciation, amortization and rental expenses totaled NT$3,848 million for the year.
• Gross margin increased to 9.6% in 2022 from 9.0% in 2021.
• Operating margin increased to 4.6% in 2022 from 3.6% in 2021.

LIQUIDITY AND CAPITAL RESOURCES

• Capital expenditures in 4Q22 totaled US$339 million, of which US$121 million was used in packaging operations, US$183 million in testing operations, US$25 million in EMS operations and US$10 million in interconnect materials operations and others.
• Capital expenditures in 2022 totaled US$1,697 million, of which US$918 million was used in packaging operations, US$574 million in testing operations, US$154 million in EMS operations and US$51 million in interconnect materials operations and others.
• Total unused credit lines amounted to NT$345,951 million as of December 31, 2022.
• Current ratio was 1.35 and net debt to equity ratio was 0.43 as of December 31, 2022.
• Total number of employees was 97,198 as of December 31, 2022, compared to 99,104 as of September 30, 2022.

BUSINESS REVIEW

Customers

ATM BASIS

• Our five largest customers together accounted for approximately 44% of our total net revenues in 4Q22, compared to 45% in 3Q22.  One customer accounted for more than 10% of our total net revenues in 4Q22.
• Our top 10 customers contributed 58% of our total net revenues in 4Q22, compared to 59% in 3Q22.
• Our customers that are integrated device manufacturers or IDMs accounted for 34% of our total net revenues in 4Q22, compared to 33% in 3Q22. 

EMS BASIS

• Our five largest customers together accounted for approximately 73% of our total net revenues in 4Q22, compared to 74% in 3Q22.  One customer accounted for more than 10% of our total net revenues in 4Q22.
• Our top 10 customers contributed 80% of our total net revenues in 4Q22, compared to 81% in 3Q22.

About ASE Technology Holding Co., Ltd.

ASEH is the leading provider of semiconductor manufacturing services in assembly and test.  The Company develops and offers complete turnkey solutions covering front-end engineering test, wafer probing and final test, as well as packaging, materials and electronic manufacturing services through USI with superior technologies, breakthrough innovations, and advanced development programs.  With advanced technological capabilities and a global presence spanning Taiwan, China, South Korea, Japan, Singapore, Malaysia, Vietnam, Mexico, and Tunisia as well as the United States and Europe, ASEH has established a reputation for reliable, high quality products and services.

For more information, please visit our website at https://www.aseglobal.com.

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.

 

Supplemental Financial Information

(Unaudited)

 

Consolidated Operations

				Pro Forma Basis
	4Q22	3Q22	4Q21	4Q21
EBITDA (NT$ million)	35,855	38,601	51,938	32,624

 

ATM Operations

				Pro Forma Basis
	4Q22	3Q22	4Q21	4Q21
Net Revenues (NT$ million)	94,322	98,831	91,958	85,180
Revenue by Application
Communication	53 %	53 %	50 %	53 %
Computing	16 %	16 %	16 %	16 %
Automotive, Consumer & Others	31 %	31 %	34 %	31 %
Revenue by Type
Bumping, Flip Chip, WLP & SiP	43 %	42 %	38 %	40 %
Wirebonding	33 %	34 %	37 %	36 %
Others	7 %	7 %	8 %	7 %
Testing	15 %	15 %	15 %	15 %
Material	2 %	2 %	2 %	2 %
Capacity & EBITDA
CapEx (US$ million)*	311	348	404	368
EBITDA (NT$ million)	29,856	31,657	47,090	27,776
Number of Wirebonders	25,854	25,887	25,803	25,803
Number of Testers	5,359	5,406	4,890	4,890

 

EMS Operations

	4Q22	3Q22	4Q21
Net Revenues (NT$ million)	83,933	90,665	81,544
Revenue by Application
Communication	38 %	37 %	38 %
Computing	9 %	9 %	8 %
Consumer	34 %	36 %	38 %
Industrial	12 %	11 %	11 %
Automotive	6 %	6 %	4 %
Others	1 %	1 %	1 %
Capacity
CapEx (US$ million)*	25	50	68

* Capital expenditure excludes building construction costs.

ASE Technology Holding Co., Ltd.

Summary of Consolidated Statement of Income Data

(In NT$ millions, except per share data)

(Unaudited)

 

	For the three months ended								For the year ended
							Pro Forma Basis						Pro Forma Basis
	Dec. 31 2022		Sep. 30 2022		Dec. 31 2021		Dec. 31 2021		Dec. 31 2022		Dec. 31 2021		Dec. 31 2021
Net revenues
Packaging	76,630		80,541		75,366		69,644		303,948		272,544		251,193
Testing	14,676		14,942		13,756		12,700		55,960		49,979		45,912
EMS	83,931		90,660		81,541		81,541		301,967		239,488		239,488
Others	2,180		2,483		2,273		2,273		8,998		7,986		7,986
Total net revenues	177,417		188,626		172,936		166,158		670,873		569,997		544,579
Cost of revenues	(143,318)		(150,654)		(140,042)		(134,704)		(535,943)		(459,628)		(439,536)
Gross profit	34,099		37,972		32,894		31,454		134,930		110,369		105,043
Operating expenses
Research and development	(6,951)		(6,262)		(5,714)		(5,475)		(24,370)		(21,053)		(20,174)
Selling, general and administrative	(7,374)		(8,027)		(7,565)		(7,203)		(30,384)		(27,191)		(25,831)
Total operating expenses	(14,325)		(14,289)		(13,279)		(12,678)		(54,754)		(48,244)		(46,005)
Operating income	19,774		23,683		19,615		18,776		80,176		62,125		59,038
Net non-operating income and expenses
Interest expense - net	(1,093)		(966)		(553)		(537)		(3,334)		(2,257)		(2,209)
Foreign exchange gain (loss)	2,763		(2,818)		496		525		(2,460)		1,395		1,396
Gain (loss) on valuation of financial assets and liabilities	(1,720)		2,878		(483)		(551)		4,108		(1,490)		(1,607)
Gain on equity-method investments	85		358		192		192		1,128		974		974
Others	403		480		18,069		468		2,008		19,589		1,776
Total non-operating income  and expenses	438		(68)		17,721		97		1,450		18,211		330
Income before tax	20,212		23,615		37,336		18,873		81,626		80,336		59,368
Income tax expense	(3,596)		(5,046)		(5,592)		(3,586)		(16,399)		(14,322)		(12,027)
Income from operations and before non-controlling interests	16,616		18,569		31,744		15,287		65,227		66,014		47,341
Non-controlling interests	(886)		(1,104)		(828)		(828)		(3,137)		(2,106)		(2,106)
Net income attributable to shareholders of the parent	15,730		17,465		30,916		14,459		62,090		63,908		45,235
Per share data:
Earnings per share
– Basic	NT$3.77		NT$4.03		NT$7.20		NT$3.37		NT$14.53		NT$14.84		NT$10.51
– Diluted	NT$3.57		NT$3.92		NT$6.99		NT$3.21		NT$13.94		NT$14.40		NT$10.12
Earnings per equivalent ADS
– Basic	US$0.240		US$0.268		US$0.518		US$0.242		US$0.980		US$1.061		US$0.751
– Diluted	US$0.228		US$0.260		US$0.504		US$0.231		US$0.941		US$1.029		US$0.723
Number of weighted average shares used in diluted EPS calculation (NT$ in thousands)	4,218,765		4,373,878		4,343,537		4,343,537		4,323,422		4,365,668		4,365,668
FX (NTD/USD)	31.36		30.10		27.78		27.78		29.64		27.98		27.98

 

ASE Technology Holding Co., Ltd.

Summary of ATM Statement of Income Data

 (In NT$ millions)

(Unaudited)

 

	For the three months ended								For the year ended
							Pro Forma Basis						Pro Forma Basis
	Dec. 31 2022		Sep. 30 2022		Dec. 31 2021		Dec. 31 2021		Dec. 31 2022		Dec. 31 2021		Dec. 31 2021
Net revenues
Packaging	78,119		82,090		76,664		70,942		310,024		279,365		258,014
Testing	14,676		14,941		13,756		12,700		55,960		49,981		45,914
Direct Material	1,486		1,765		1,502		1,502		6,018		5,346		5,346
Others	41		35		36		36		174		113		113
Total net revenues	94,322		98,831		91,958		85,180		372,176		334,805		309,387
Cost of revenues	(68,129)		(69,999)		(66,217)		(60,879)		(266,283)		(246,133)		(226,041)
Gross profit	26,193		28,832		25,741		24,301		105,893		88,672		83,346
Operating expenses
Research and development	(5,263)		(4,901)		(4,479)		(4,241)		(18,754)		(16,259)		(15,380)
Selling, general and administrative	(5,152)		(5,268)		(5,206)		(4,844)		(20,692)		(18,981)		(17,621)
Total operating expenses	(10,415)		(10,169)		(9,685)		(9,085)		(39,446)		(35,240)		(33,001)
Operating income	15,778		18,663		16,056		15,216		66,447		53,432		50,345

 

ASE Technology Holding Co., Ltd.

Summary of EMS Statement of Income Data

 (In NT$ millions)

(Unaudited)

 

	For the three months ended						For the year ended
	Dec. 31 2022		Sep. 30 2022		Dec. 31 2021		Dec. 31 2022		Dec. 31 2021
Net revenues	83,933		90,665		81,544		301,982		239,519
Cost of revenues	(76,130)		(81,467)		(74,436)		(272,951)		(218,040)
Gross profit	7,803		9,198		7,108		29,031		21,479
Operating expenses
Research and development	(1,710)		(1,392)		(1,256)		(5,731)		(4,897)
Selling, general and administrative	(2,134)		(2,676)		(2,253)		(9,344)		(7,876)
Total operating expenses	(3,844)		(4,068)		(3,509)		(15,075)		(12,773)
Operating income	3,959		5,130		3,599		13,956		8,706

 

ASE Technology Holding Co., Ltd.

Summary of Consolidated Balance Sheet Data

(In NT$ millions)

(Unaudited)

 

			As of Dec. 31, 2022			As of  Sep. 30, 2022
Current assets
Cash and cash equivalents			58,040			52,358
Financial assets – current			7,560			9,667
Notes and accounts receivable			114,647			140,178
Inventories			92,826			101,287
Others			27,294			29,239
Total current assets			300,367			332,729
Financial assets – non-current & Investments – equity  method			22,909			22,926
Property, plant and equipment			268,235			264,508
Right-of-use assets			11,061			11,822
Intangible assets			72,835			73,590
Others			31,661			32,254
Total assets			707,068			737,829
Current liabilities
Short-term borrowings			46,731			78,056
Current portion of bonds payable & Current portion of  long-term borrowings			10,041			8,157
Notes and accounts payable			78,997			104,286
Others			86,492			83,248
Total current liabilities			222,261			273,747
Bonds payable			42,851			40,534
Long-term borrowings[2]			94,948			89,273
Other liabilities			27,083			28,625
Total liabilities			387,143			432,179
Equity attributable to shareholders of the parent			301,285			288,361
Non-controlling interests			18,640			17,289
Total liabilities & shareholders' equity			707,068			737,829
Current Ratio			1.35			1.22
Net Debt to Equity Ratio			0.43			0.53

 

 

ASE Technology Holding Co., Ltd.

Summary of Consolidated Statement of Cash Flow Data

(In NT$ millions)

(Unaudited)

		For the three months ended										For the year ended
		Dec. 31		Sep. 30			Dec. 31						Dec. 31				Dec. 31
		2022		2022			2021						2022				2021
Cash Flows from Operating Activities
Profit before income tax		20,212		23,615				37,336						81,626				80,336
Depreciation & amortization		14,253		13,947				14,070						55,452				54,524
Other operating activities items		15,694		(18,944)				(18,488)						(26,094)				(53,126)
Net cash generated from operating activities		50,159		18,618				32,918						110,984				81,734
Cash Flows from Investing Activities
Net payments for property,      plant and equipment		(20,197)		(17,219)				(16,513)						(71,890)				(69,301)
Other investment activities items		(1,352)		288				21,812						(2,062)				20,209
Net cash generated from  (used in) investing activities		(21,549)		(16,931)				5,299						(73,952)				(49,092)
Cash Flows from Financing Activities
Total net proceeds from (repayment of) borrowings and bonds		(17,949)		1,111				(5,936)						(31,128)				22,343
Dividends paid		-		(29,991)				-						(29,991)				(18,083)
Other financing activities items		112		(228)				(9,868)						(1,278)				(10,131)
Net cash used in financing activities		(17,837)		(29,108)				(15,804)						(62,397)				(5,871)
Foreign currency exchange effect		(5,091)		6,933				241						7,332				(2,236)
Net increase (decrease) in cash and cash equivalents		5,682		(20,488)				22,654						(18,033)				24,535
Cash and cash equivalents at the beginning of period		52,358		72,846				53,419						76,073				51,538
Cash and cash equivalents at the end of period		58,040		52,358				76,073						58,040				76,073

 

 

[1] All financial information presented in this press release is unaudited, consolidated and prepared in accordance with Taiwan-IFRS (International Financial Reporting Standards as endorsed for use in the R.O.C.).  Such financial information is generated internally by us and has not been subjected to the same review and scrutiny, including internal auditing procedures and audit by our independent auditors, to which we subject our year-end audited consolidated financial statements, and may vary materially from the year-end audited consolidated financial information for the same period.  Any evaluation of the financial information presented in this press release should also take into account our published year-end audited consolidated financial statements and the notes to those statements.  In addition, the financial information presented is not necessarily indicative of our results of operations for any future period.

[2] Long-term borrowings include long-term loans and bills payable.

 

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-reports-its-unaudited-consolidated-financial-results-for-the-fourth-quarter-and-the-full-year-of-2022-301742780.html

SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology's earnings for 4Q22?

ASE Technology reported net income of NT$15,730 million for 4Q22.

How much did ASE Technology earn per share in 2022?

The basic earnings per share for ASE Technology in 2022 were NT$14.53.

What is ASE Technology's stock symbol on TWSE?

ASE Technology's stock symbol on the TWSE is 3711.

What was ASE Technology's gross margin in 4Q22?

ASE Technology's gross margin in 4Q22 was 19.2%.

How did ASE Technology's 4Q22 revenues compare to 3Q22?

ASE Technology's 4Q22 revenues were down by 6% sequentially.