ASE Technology Holding's March and Q1 Revenue Hit Record Highs for the Period, Boosted by AI Packaging and Testing

ASE Technology Holding's March revenue from packaging, testing, and materials reached NT$39.823 billion, a month-on-month increase of 13.9% and a year-on-year increase of 27.6%. Its Q1 revenue from packaging, testing, and materials was NT$112.434 billion, a quarter-on-quarter increase of 2.5% and a year-on-year increase of 29.7%. The holding company previously estimated a 5% to 7% sequential decline in consolidated revenue for Q1, and a low to mid-single-digit sequential decline for the packaging and testing business. However, the Q1 packaging and testing business turned to sequential growth, exceeding expectations. Legal entities pointed out that ASE Technology Holding benefited from the demand for advanced packaging and testing capacity driven by AI chips in Q1, with strong performance in semiconductor advanced packaging oS (on substrate) and wafer testing (CP), as well as full-process projects. ASE Semiconductor held a groundbreaking ceremony for the new factory building in Renwu Industrial Park in Kaohsiung this morning. ASE CEO Wu Tien-yu stated in an interview that ASE Technology Holding's capital expenditure has room for upward adjustment this year, and this year will be a very busy year for ASE. He hopes that subsequent profit and stock price performance will satisfy everyone. ASE Technology Holding stated at its investor conference in early February that it will invest an additional US$1.5 billion in machinery and equipment this year, with two-thirds of the proportion allocated to advanced process services. The market previously expected ASE Technology Holding's total capital expenditure this year to reach a record high of US$7 billion. ASE Technology Holding previously expected its full-process revenue for advanced packaging and testing to grow threefold year-on-year this year, reaching 10% of its overall advanced packaging and testing (LEAP) business by the end of this year, and finished testing (FT) to account for 10% of its testing business this year. (Editor: Lin Chia-hsien) 1150410