On August 27, ASE Technology rose 3.15% in regular trading, trading at $38.11/share, with turnover of $16.22 million. The move came amid broad semiconductor sector strength and continued momentum from the company's robust financial performance and North American expansion initiatives.
On the sector front, NVIDIA surged 5.74%, lifting sentiment across the semiconductor industry. On the company level, ASE Technology reported July revenue of NT$73.78 billion, up 43% year-over-year, with assembly, testing, and material revenue rising 49.5% to NT$47.52 billion. Its Q2 earnings per share of $0.29 beat the analyst consensus estimate of $0.17 by approximately 70.59%, while quarterly revenue of NT$191.06 billion exceeded the expected NT$188.94 billion. Additionally, the company recently announced a roughly $29.53 million acquisition of a factory in San Jose, California, to strengthen its North American semiconductor manufacturing footprint in response to growing AI and high-performance computing chip demand.
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