Movement Alert|ASE Technology Rises 3.62% Overnight, Semiconductor Sector Rebound Continues Amid Strong May Revenue Growth of 29%

Market Focus08:04

On June 15, ASE Technology rose 3.62% overnight, trading at $40.64/share, with turnover of $116,800.

On the news front, the company previously reported unaudited consolidated revenue of NT$63.033 billion for May, representing a 29% year-over-year increase. Notably, its packaging, testing, and materials segment posted revenue of NT$42.162 billion, surging 38% year-over-year, underscoring sustained robust demand for advanced packaging services.

Additionally, the broader semiconductor sector continued its recovery after Broadcom's below-expectation AI chip sales guidance had previously triggered a wave of selling that pushed ASE from above $40 down to approximately $34, a cumulative decline exceeding 11%. The sector rebound trend has persisted, with peers broadly advancing — Micron Technology up 5.53%, Marvell Technology up 4.68%, Intel up 3.97%, and AMD up 3.58%. Fundamentally, ASE reported Q1 net profit growth of 87.02% year-over-year, with its advanced packaging revenue target raised to $3.5 billion, supported by AMD's multi-billion-dollar partnership and new panel-level packaging production lines.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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