ASE upbeat on revenue growth

LONG-TERM OUTLOOK: The chip packager is maintaining its capital spending budget for this year on expectations that 5G, AI and smart manufacturing would drive growth

Taipei Times
Date: Jun 25, 2020
By: Lisa Wang / Staff reporter, in KAOHSIUNG

ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip tester and packager, yesterday stood firm on its forecast of annual revenue growth this year, as customers continue to show a strong appetite for its advanced technology.

Growth momentum is expected to continue from the first half of this year, when ASE’s revenue, net profit and equipment utilization all beat its expectations, it said.

In particular, the company received higher orders in the first quarter as its factories in Taiwan kept running following the nation’s quick response to the COVID-19 pandemic, it added.

“We are firm about our forecast of annual growth in revenue this year,” ASE chief executive officer Tien Wu (吳田玉) told reporters on the sidelines of the company’s annual shareholders’ meeting in Kaohsiung.    [FULL  STORY]