Market Chatter: ASE Says Expanding Chip Capacity With 15 New Sites to Meet AI Demand

MT Newswires Live

06/24

ASE Technology (ASX) is aggressively expanding global capacity to support surging artificial intelligence demand, including new facilities in Asia and the US, Reuters reported Wednesday, citing the company's Chief Operating Officer Tien Wu.

The company is adding 15 new sites in 2026, including greenfield facilities for ASE and its subsidiary Siliconware Precision Industries, along with recently acquired assets in Taiwan, the report said.

ASE also plans additional expansion in the US, where it already operates testing plants in California and is evaluating further investment in Arizona, it added.

Wu, as per the report, said the company's 2026 capital expenditure budget stands at $8.5 billion and could rise further, noting that expansion plans extend beyond 2029 to support long-term AI-driven chip demand.

ASE did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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