Movement Alert|ASE Technology Rises 3.09% Overnight, Semiconductor Sector Rebound Continues as May Revenue Surges 29% YoY

Market Focus
Jun 24

On June 24, ASE Technology rose 3.09% overnight, trading at $41.02/share, with turnover of $299,900.

On the news front, the company previously disclosed unaudited consolidated revenue of NT$63.033 billion for May, representing a 29% year-over-year increase. Notably, the packaging, testing, and materials segment posted revenue of NT$42.162 billion, surging 38% year-over-year, indicating persistently robust demand for advanced packaging services. Additionally, TSMC's advanced packaging capacity remains in severe shortage, with overflow orders redirecting to ASE Technology. The company has raised its capital expenditure target to $8.5 billion for the second time, aggressively positioning itself as a critical node in the AI supply chain.

Within the Semiconductors sector, individual stocks broadly advanced. Micron Technology up 3.89%, Marvell Technology up 1.95%, Intel up 1.82%, Advanced Micro Devices up 0.99%, NVIDIA up 0.78%.

(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.)

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