On July 1, ASE Technology fell 3.88% in regular trading, trading at approximately $44.11/share, with turnover of $96.21 million. The decline was driven by a sector-wide selloff across the semiconductor industry, with systematic selling pressure overwhelming company-specific fundamentals.
Among sector peers, Micron Technology fell 6.69%, Intel dropped 5.43%, Advanced Micro Devices declined 4.73%, Marvell Technology lost 4.22%, and NVIDIA slid 2.19%, reflecting broad-based risk-off sentiment across the chip sector.
Notably, ASE had recently announced advanced packaging price increases of up to 20%, covering key technologies including Chip-on-Wafer-on-Substrate (CoWoS) and Fan-Out Chip-on-Substrate (FoCoS). CEO Tien Wu cited rising raw material costs and increased capital expenditure as justification. However, the pricing power narrative was temporarily overshadowed by sector-wide selling pressure and negative market sentiment.
(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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