Movement Alert|ASE Technology Rises 3.09% in Pre-Market Trading, Semiconductor Sector Rebound Continues Amid Strong May Revenue Growth of 29%

Market Focus
Jun 17

On June 17, ASE Technology rose 3.09% in pre-market trading, trading at $37.98/share, with turnover of $176,400. The rebound follows a broader semiconductor sector recovery and is supported by the company's robust May revenue performance.

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

The broader semiconductor sector showed widespread strength, with Intel up 5.25%, Micron Technology up 5.17%, and Marvell Technology up 4.10%.

(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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