ASE Group Holding July Revenue Surpasses NT$70 Billion for First Time

Semiconductor packaging and testing leader ASE Group Holding announced record-breaking July revenue, exceeding NT$70 billion for the first time. The company reported NT$73.78 billion in consolidated revenue for July, marking a 12.17% increase from the previous month and a significant 43.15% jump year-on-year.

This surge is attributed to robust demand for advanced packaging solutions, a key growth area for the company. ASE Group Holding's cumulative revenue for the first seven months of the year reached NT$438.51 billion, up 25.13% compared to the same period last year.

Looking ahead, ASE Group Holding anticipates continued growth. Based on an exchange rate assumption of US$1 to NT$31.9, the company projects a 21% to 22% quarter-on-quarter increase in New Taiwan dollar revenue for the third quarter. Gross profit margin is expected to be between 20.5% and 21.5%, with an operating profit margin forecast of 11.5% to 12.5%.

Financial Chief Donald Chen previously highlighted the escalating demand for advanced packaging driven by artificial intelligence. He projected that the advanced packaging business would surpass its initial forecast of US$3.5 billion in revenue this year and is expected to double next year. Overall, the company anticipates a 35% year-on-year increase in its packaging and testing business.

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AI is driving demand for advanced packaging, and this year's LEAP (advanced packaging) business revenue will exceed the original forecast of US$3.5 billion. Related revenue will double next year, and the overall packaging and testing business is expected to grow by 35% year-on-year.