ASE Group Reports Q2 Revenue of NT$191 Billion, Up 10% Quarter-on-Quarter to Record High

ASE Group (3711-TW) (ASX-US), a leading semiconductor packaging and testing company, announced today (9th) its June revenue reached NT$65.783 billion, up 4.4% month-on-month and 32.9% year-on-year, marking the second-highest monthly revenue on record and a new high for the same period.

Second-quarter revenue totaled NT$191.064 billion, up 10.02% quarter-on-quarter and 26.74% year-on-year, setting a new quarterly record. Cumulative revenue for the first half of 2023 reached NT$364.726 billion, up 22.02% year-on-year.

In June, ASE Group’s packaging, testing, and materials segment reported self-consolidated revenue of NT$43.485 billion, up 3.1% month-on-month and 41.8% year-on-year. Second-quarter revenue for packaging and testing materials reached NT$126.148 billion, up 12.2% quarter-on-quarter and 36.3% year-on-year, exceeding the previously guided growth range of 9% to 11%.

The company has recently benefited from surging orders for AI chips, leading to significant growth in advanced packaging-related performance. To meet long-term demand and increasing customer orders, the group—including ASE and SPIL—has 15 factories under construction this year, yet still struggles to keep pace with demand.

ASE Group’s COO, Tien-wu Wu, previously hinted that capital expenditures may need to be further increased to fulfill customer orders, cautiously stating, 'We hope to give everyone some surprises.' This has led the market to expect ASE Group’s 2023 capital expenditure to exceed the previously estimated $8.5 billion.