On October 1, ASE Technology rose 3.01% in pre-market trading, trading at 45.2 USD/share, with turnover of approximately USD 411,200. The gain came as the broader semiconductor sector continued its upward momentum, with Intel up 1.55%, Advanced Micro Devices up 1.67%, Broadcom up 0.87%, NVIDIA up 0.78%, and Micron Technology up 0.52%.
On the fundamental side, ASE Technology reported August consolidated revenue of NT$82.247 billion, a year-over-year increase of 45.66%, marking the second consecutive month of record-high monthly revenue, with AI-driven advanced packaging serving as the core growth engine. The company had previously secured additional advanced packaging and testing orders from Google for its TPU program and from Intel for its EMIB platform. Pricing for CoWoS, FoCoS, and other advanced packaging services was raised earlier, with certain categories seeing increases exceeding 20%, reflecting persistently tight advanced packaging capacity. Institutional ratings as of September stood at 100% buy, with a consensus target price of USD 51.
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