Movement Alert|ASE Technology Rises 3.58% in Regular Trading, Strong May Revenue Growth and TSMC Packaging Overflow Orders Boost Sentiment

Market Focus
Jun 17

On June 17, ASE Technology rose 3.58% in regular trading, trading at $38.4/share, with turnover of $29.16 million.

On the news front, the company previously disclosed May unaudited consolidated revenue of NT$63.033 billion, representing a 29% year-over-year increase. Its packaging, testing, and materials business segment posted revenue of NT$42.162 billion, up 38% YoY, reflecting sustained 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 this year to $8.5 billion, aggressively positioning itself in the AI supply chain.

The broader semiconductor sector rallied in tandem, with Marvell Technology up 5.44%, Broadcom up 3.82%, Advanced Micro Devices up 2.43%, Micron Technology up 2.33%, and NVIDIA up 0.48%.

(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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