On November 6, ASE Technology rose 9.08% in regular trading, trading at $32.24 per share, with turnover of $23.0222 million.

The move followed the company’s disclosure that it plans to invest NT$123.7 billion to expand advanced packaging and testing capacity in Kaohsiung, Tainan and other locations to meet AI and HPC demand.

The expansion announcement is the most direct catalyst for the share move. Recent results also provided support: third-quarter EPS was about $0.36 to $0.37 on revenue of about $7.64 billion to $7.66 billion, both above expectations. Management also guided for fourth-quarter revenue growth of 6% to 8% sequentially and raised its LEAP-related revenue target to more than $4.0 billion, indicating continued strength in advanced packaging demand.

(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.)