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

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, 'ASEH') announces revised unaudited consolidated net revenues for December, 4th quarter, and full year of 2023.

Positive

• ASE Technology Holding Co., Ltd. reported a 4.2% sequential increase in net revenues for the 4th quarter of 2023, despite a 9.5% year-over-year decrease in NT$ and a 11.0% decrease in US$ net revenues for the same period.
• The full-year net revenues for 2023 saw a 13.3% decrease in NT$ and a 17.2% decrease in US$ compared to 2022.
• The ATM assembly, testing, and material business of ASE Technology Holding Co., Ltd. experienced a 2.0% sequential decrease in net revenues for the 4th quarter of 2023, with a 15.3% decrease in NT$ and a 19.3% decrease in US$ for the full year of 2023 compared to 2022.

Negative

• None.

Financial Analyst

The reported figures by ASE Technology Holding Co., Ltd. indicate a year-over-year decline in net revenues across all reported periods, with a particularly sharp decline of 17.2% in US dollar terms for the full year. This contraction suggests a potential reduction in demand for ASEH's services or increased competition affecting pricing and market share. Investors should consider the implications of these results on the company's profitability and market position. The semiconductor industry is cyclical and such downturns might be indicative of broader market trends or company-specific challenges.

ASEH's ATM assembly, testing and material business also show a similar trend of declining revenues, which could point to sector-specific issues or operational inefficiencies. This segment is critical for the company's performance as it relates to the core services provided in semiconductor manufacturing. Stakeholders should closely monitor the company's cost management strategies and any measures taken to mitigate revenue losses, such as diversification or innovation in service offerings.

Market Research Analyst

The semiconductor industry is influenced by global economic conditions, technological advancements and supply chain dynamics. The decline in ASEH's net revenues could be reflective of macroeconomic headwinds such as reduced consumer spending or the impact of trade tensions on semiconductor supply chains. The data suggests that ASEH's performance is not keeping pace with industry growth rates, which could be a concern for stakeholders interested in the company's long-term growth trajectory.

Moreover, the currency fluctuations have a pronounced impact on ASEH's financials, as evidenced by the larger percentage decrease in US dollar terms compared to the New Taiwan dollar. This highlights the importance for investors to consider exchange rate risks when evaluating the company's financial health. The semiconductor sector is highly competitive and ASEH's ability to adapt to changing market conditions and currency volatility will be crucial for its future success.

Economist

The data presented by ASEH may have broader economic implications, especially within the technology sector. A decrease in revenues for a leading semiconductor company could signify a slowdown in the tech industry, which has historically been a driver of economic growth. This slowdown could be due to a variety of factors, including market saturation, shifts in consumer preferences, or a decrease in industrial activity.

Given the semiconductor industry's role as a barometer for economic health, the reported decline in revenues could be an early indicator of a potential economic downturn or a slowdown in technological innovation. It is essential to analyze these results in the context of economic cycles and industry-specific trends to gauge the potential long-term impact on the global economy.

TAIPEI, Jan. 9, 2024 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its revised unaudited consolidated net revenues for December, 4^th quarter and full year of 2023.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Dec		Nov		Dec		Sequential		YoY
(NT$ Million)		2023		2023		2022		Change		Change
Net Revenues		49,906		54,509		53,139		-8.4 %		-6.1 %
		Dec		Nov		Dec		Sequential		YoY
(US$ Million)		2023		2023		2022		Change		Change
Net Revenues		1,589		1,693		1,736		-6.1 %		-8.5 %
		Q4		Q3		Q4		Sequential		YoY
(NT$ Million)		2023		2023		2022		Change		Change
Net Revenues		160,581		154,167		177,417		+4.2 %		-9.5 %
		Q4		Q3		Q4		Sequential		YoY
(US$ Million)		2023		2023		2022		Change		Change
Net Revenues		5,028		4,899		5,652		+2.6 %		-11.0 %
		Full Year		Full Year						YoY
(NT$ Million)		2023		2022						Change
Net Revenues		581,914		670,873						-13.3 %
		Full Year		Full Year						YoY
(US$ Million)		2023		2022						Change
Net Revenues		18,688		22,579						-17.2 %

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

ATM NET REVENUES (UNAUDITED)

		Dec		Nov		Dec		Sequential		YoY
(NT$ Million)		2023		2023		2022		Change		Change
Net Revenues		26,218		27,446		28,462		-4.5 %		-7.9 %
		Dec		Nov		Dec		Sequential		YoY
(US$ Million)		2023		2023		2022		Change		Change
Net Revenues		835		852		930		-2.0 %		-10.2 %
		Q4		Q3		Q4		Sequential		YoY
(NT$ Million)		2023		2023		2022		Change		Change
Net Revenues		82,004		83,684		94,322		-2.0 %		-13.1 %
		Q4		Q3		Q4		Sequential		YoY
(US$ Million)		2023		2023		2022		Change		Change
Net Revenues		2,568		2,660		3,005		-3.4 %		-14.5 %
		Full Year		Full Year						YoY
(NT$ Million)		2023		2022						Change
Net Revenues		315,114		372,176						-15.3 %
		Full Year		Full Year						YoY
(US$ Million)		2023		2022						Change
Net Revenues		10,128		12,551						-19.3 %

*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

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SOURCE ASE Technology Holding Co., Ltd.

FAQ

What are the revised unaudited consolidated net revenues announced by ASE Technology Holding Co., Ltd. for December, 4th quarter, and full year of 2023?

ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, 'ASEH') announced revised unaudited consolidated net revenues for December, 4th quarter, and full year of 2023.

What was the sequential change in net revenues for the 4th quarter of 2023 for ASE Technology Holding Co., Ltd.?

ASE Technology Holding Co., Ltd. reported a 4.2% sequential increase in net revenues for the 4th quarter of 2023.

How did the full-year net revenues for 2023 compare to 2022 for ASE Technology Holding Co., Ltd.?

The full-year net revenues for 2023 saw a 13.3% decrease in NT$ and a 17.2% decrease in US$ compared to 2022 for ASE Technology Holding Co., Ltd.

What was the sequential change in net revenues for the ATM assembly, testing, and material business of ASE Technology Holding Co., Ltd. for the 4th quarter of 2023?

The ATM assembly, testing, and material business of ASE Technology Holding Co., Ltd. experienced a 2.0% sequential decrease in net revenues for the 4th quarter of 2023.