On June 24, ASE Technology rose 3.19% in after-hours trading, trading at 42.53 USD/share, with turnover of $15.63 million.

On the news front, the company disclosed a massive capacity expansion plan following its annual shareholder meeting. ASE is planning 6 new greenfield facilities under its main entity, while subsidiary Siliconware Precision Industries is simultaneously developing 7 new plants. Combined with acquired and converted sites, the group has approximately 15 new construction and expansion projects underway. Additionally, ASE revealed US expansion plans to build two new factories in California beyond its existing two testing plants, while evaluating investment in Arizona driven by US client demand.

The company also confirmed its first world-class fully automated fan-out panel-level packaging (FOPLP) mass production line is on track for commissioning by year-end. CEO Tien Wu expressed confidence that second-half results could exceed market expectations, noting capital expenditure has been raised to $8.5 billion with potential for further increases. May consolidated revenue reached NT$63.033 billion, surging 29% year-over-year, with packaging, testing, and materials revenue jumping 38%, reflecting robust advanced packaging demand amid AI-driven chip orders.

The broader semiconductor sector traded firmly, with Micron Technology up 12.15%, Intel up 3.33%, and Advanced Micro Devices up 2.78%.

(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.)