On July 9, ASE Technology rose 8.68% in regular trading, trading at $43.47/share, with turnover of $37.27 million. The rally was driven by the company's strong June revenue report, which significantly exceeded market expectations.

ASE Technology reported consolidated net revenue of NT$65.78 billion for June, up 32.9% year over year. The core Assembly, Testing, and Material (ATM) business delivered particularly robust growth, with June revenue surging 41.8% YoY to NT$43.49 billion. For the full second quarter, cumulative consolidated net revenue reached NT$191.06 billion, up 26.7% YoY and 10.0% sequentially, while ATM business quarterly revenue totaled NT$126.15 billion, up 36.3% YoY.

The revenue beat follows the company's July 1 announcement of advanced packaging price increases exceeding 20%, covering CoWoS and FoCoS products, with major U.S. clients included in the adjustment. Bank of America recently raised its valuation outlook, projecting the server CPU-related packaging and testing market could expand from $1.9 billion to $9.6 billion. The broader semiconductor sector also rallied, with Micron Technology up 6.38%, Intel up 4.56%, and AMD up 5.70%.

(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.)