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

Rhea-AI Summary

ASE Technology Holding Co., (NYSE: ASX, TAIEX: 3711) has released its unaudited consolidated net revenues for August 2024. The company reported net revenues of NT$52,930 million (US$1,627 million), showing a 2.6% increase from July 2024 and a 1.2% year-over-year growth in NT$ terms. However, in US$ terms, there was a 1.7% year-over-year decrease.

For the ATM (assembly, testing, and material) business segment, net revenues were NT$29,175 million (US$897 million), representing a 6.3% increase from the previous month and a 2.4% year-over-year growth in NT$ terms. In US$ terms, ATM revenues showed a 0.6% year-over-year decline.

Positive

• Net revenues increased 2.6% month-over-month to NT$52,930 million
• Year-over-year revenue growth of 1.2% in NT$ terms
• ATM business segment revenues grew 6.3% month-over-month
• ATM revenues showed 2.4% year-over-year growth in NT$ terms

Negative

• 1.7% year-over-year decrease in net revenues when measured in US$
• ATM revenues declined 0.6% year-over-year in US$ terms

TAIPEI, Sept. 10, 2024 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for August 2024.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Aug		Jul		Aug		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		52,930		51,596		52,279		+2.6 %		+1.2 %
		Aug		Jul		Aug		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		1,627		1,590		1,655		+2.3 %		-1.7 %

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

ATM NET REVENUES (UNAUDITED)

		Aug		Jul		Aug		Sequential		YoY
(NT$ Million)		2024		2024		2023		Change		Change
Net Revenues		29,175		27,443		28,497		+6.3 %		+2.4 %
		Aug		Jul		Aug		Sequential		YoY
(US$ Million)		2024		2024		2023		Change		Change
Net Revenues		897		846		902		+6.0 %		-0.6 %

*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 2023 Annual Report on Form 20-F filed on April 3, 2024.

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 were ASE Technology Holding's (ASX) net revenues for August 2024?

ASE Technology Holding reported net revenues of NT$52,930 million (US$1,627 million) for August 2024.

How did ASE Technology Holding's (ASX) August 2024 revenues compare to the previous month?

ASE Technology Holding's August 2024 revenues increased by 2.6% compared to July 2024.

What was the year-over-year change in ASE Technology Holding's (ASX) net revenues for August 2024?

ASE Technology Holding's net revenues for August 2024 showed a 1.2% year-over-year increase in NT$ terms, but a 1.7% decrease in US$ terms.

How did ASE Technology Holding's (ASX) ATM business segment perform in August 2024?

The ATM business segment reported net revenues of NT$29,175 million (US$897 million), a 6.3% increase from July 2024 and a 2.4% year-over-year growth in NT$ terms.