Movement Alert|ASE Technology Rises 3.57% in Pre-Market Trading, Semiconductor Sector Rebound Continues Amid Strong May Revenue Growth of 29% YoY

Market Focus
Jun 22

On June 22, ASE Technology rose 3.57% in pre-market trading, trading at $42.01/share, with turnover of $267,800. The move was supported by a broad semiconductor sector rebound and the company's strong May revenue performance.

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

Within the Semiconductors sector, individual stocks traded broadly higher in pre-market, with Intel up 4.24%, Micron Technology up 3.01%, and Marvell Technology up 2.2%.

(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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