Movement Alert|ASE Technology Rises 3.06% in Pre-Market Trading, Semiconductor Sector Rally Coupled with Sustained Advanced Packaging Boom

Market Focus
Oct 02

On October 2, ASE Technology rose 3.06% in pre-market trading, trading at approximately $46.12/share, with turnover of $6.79 million. The move came amid a broad semiconductor sector rally and continued strength in the company's advanced packaging business.

On the sector front, semiconductor stocks extended their upward momentum, with Intel up 3.19%, Advanced Micro Devices up 3.06%, NVIDIA up 2.18%, Broadcom up 1.90%, and Micron Technology up 1.27%, reflecting sustained bullish sentiment across the chip industry.

On the fundamental side, ASE Technology reported August consolidated revenue of NT$82.247 billion, a 45.66% year-over-year increase, marking the second consecutive month of record-high monthly revenue, with AI-driven advanced packaging serving as the core growth engine. The company has secured additional advanced packaging and testing orders from Google for its TPU program and from Intel for its EMIB advanced packaging platform. Meanwhile, pricing for CoWoS, FoCoS, and other advanced packaging services has been raised, with some categories seeing increases exceeding 20%, underscoring the tight supply dynamics in advanced packaging capacity.

(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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