Movement Alert｜ASE Technology Rises 3.02% in Regular Trading, 15 New Factory Expansion Combined With US Plant Plans and Strong May Revenue

Market Focus06-26

On June 25, ASE Technology rose 3.02% in regular trading, trading at $42.615/share, with turnover of $390 million. The stock continued its upward momentum driven by a combination of aggressive capacity expansion plans and robust revenue growth.

On the news front, ASE disclosed a massive expansion plan following its annual shareholder meeting: the group and its subsidiary Siliconware Precision Industries are collectively pursuing approximately 15 new and expanded facility projects. The company also revealed US expansion plans, with two new factories planned in California on top of existing testing plants, while evaluating additional investment in Arizona driven by US client demand. Its first fully automated fan-out panel-level packaging (FOPLP) production line is scheduled for year-end commissioning. Additionally, ASE reported May consolidated revenue of NT$63.03 billion, up 29% year over year, with assembly, testing, and material revenue surging 38% to NT$42.16 billion, underscoring strong advanced packaging demand. CEO Tien Wu indicated second-half performance may exceed expectations, with capital expenditure budgeted at $8.5 billion for the year. The broader semiconductor sector traded firmly, with Micron Technology up 16.23% and AMD up 2.13%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment