Stock Track | ASE Technology Soars 5.02% in Night Session on AMD Partnership and New Packaging Line

Stock Track
May 28

ASE Technology Holding Co., Ltd. (ASX) experienced a significant 5.02% surge during the night session on Wednesday, marking a notable 24-hour price increase.

The rally is primarily attributed to two key catalysts. First, Advanced Micro Devices (AMD) announced an investment exceeding $10 billion into Taiwan's semiconductor and AI industry ecosystem. As a core outsourced semiconductor assembly and test (OSAT) partner, ASE Technology is set to co-develop next-generation 2.5D bridge interconnect technology with AMD, which provides direct benefits from capacity expansion and enhances long-term order visibility.

Secondly, ASE's subsidiary launched an automated 310mm panel-level packaging production line, which is expected to begin production in the first half of next year. This development further expands the company's growth potential in the advanced packaging sector. Fundamentally, the company has raised its OSAT service prices by 5% to 20% and upgraded its advanced packaging revenue target to $3.5 billion, contributing to positive investor sentiment.

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