Leading IC packaging and testing company, ASE Technology Holding Co., Ltd. reported a revenue of NT$45.82 billion for April, showing a monthly increase of 0.3% and a year-on-year increase of 5.8%. Among them, revenue from Packaging, Testing, and Materials (ATM) was approximately NT$25.19 billion, a decrease of 2.1% compared to the previous month but an increase of 8% compared to the same period last year.
Looking ahead, ASE stated that the capacity utilization rate will gradually recover in the second half of 2024, and all product lines will stabilize gradually starting from the second quarter, especially driven by strong demand in High-Performance Computing (HPC). In summary, the market expects ASE's growth to accelerate in the second half of 2024 after inventory adjustments in the first half of the year.
Of recent note, ASE announced during its first-quarter earnings call that it will increase capital expenditure, particularly for advanced testing. It is estimated that the scale of capital expenditure in 2024 will increase by more than 50% compared to 2023, indicating that the market conditions for AI and HPC will drive demand for advanced packaging and testing, with the growth trend expected to continue into 2025.
