ASE Technology Q3 Sales Rise Nearly 45% Year Over Year
ASE Technology reported a significant year-over-year increase in sales for the third quarter, with net revenue reaching NT$244.16B ($7.64B), representing a 44.8% growth compared to last year. September alone saw revenue rise by 45.5%, amounting to NT$88.13B ($2.78B). The company's assembly, testing, and materials (ATM) business was the primary driver of this growth, with Q3 ATM revenue increasing by 51% year over year to NT$151.49B ($4.74B), while September ATM sales also rose sharply. The strong performance reflects robust demand in semiconductor manufacturing and testing services amid ongoing global chip shortages and increased electronics production. The results highlight ASE Technology's market leadership in the outsourced semiconductor packaging industry, which is critical to supporting supply chain needs for major tech firms.
Tickers: $ASX
Topics: Financial Performance Semiconductors