Movement Alert｜ASE Technology Rises 3.53% in Regular Trading, Announces 15 New Factory Sites and Major US Expansion to Meet AI Demand

Market Focus06-24

On June 24, ASE Technology rose 3.53% in regular trading, trading at $40.31/share, with turnover of $57.79 million.

The movement was driven by the company's announcement of a significant capacity expansion plan targeting AI demand. ASE Technology disclosed plans to add 15 new factory sites this year, including 6 greenfield projects under ASE, 7 under subsidiary Siliconware Precision Industries, and additional sites acquired from Innolux Corporation. The company reiterated an annual capital expenditure budget of $8.5 billion, noting it may exceed this figure.

On the US front, ASE currently operates two test facilities in California and plans to build two additional factories. The company is also evaluating investments in Arizona to support TSMC and local overseas clients. Chief Operating Officer Tien Wu emphasized that the expansion targets demand beyond 2029, reflecting a long-term strategic positioning rather than short-term order fulfillment. Notably, NVIDIA plans to build up to $500 billion in US AI server infrastructure with partners including ASE subsidiary Siliconware Precision Industries, though no specific investment announcement has been made by the subsidiary yet.

(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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