ASE Technology Holding (ASEH) is expected to post another sequential revenue increase in the third quarter of 2023, bolstered by a continuous pull-in of short lead-time orders, according to industry sources.
ASEH continues to offload "wafer bank" inventories it has stored for customers and has also enjoyed a ramp-up in demand for high-end AI chips. The second half of this year will be stronger for the OSAT than the first, the sources said.
ASEH owns Advanced Semiconductor Engineering (ASE) and Siliconware Precision Industries (SPIL), as well as EMS provider Universal Scientific Industrial (USI). USI is gearing up for shipments for a brand US vendor's new mobile device, which will buoy further ASEH's overall revenue during the third quarter, the sources indicated.
ASEH has reported June revenue grew about 1% on month to NT$46.72 billion (US$1.5 billion). The core IC assembly, testing, and material (IC ATM) business generated revenue of NT$26.56 billion in June, up 1.2% sequentially.
ASEH's IC ATM unit posted revenue of NT$76.11 billion in the second quarter of 2023, up 3.8% on quarter and beating its flat growth estimate.
ASEH's overall revenue for the first half of 2023 totaled NT$267. 17 billion, down 12.4% on year, with revenue for the second quarter increasing 4.1% sequentially to NT$136.28 billion.
Memory backend specialist Powertech Technology (PTI) has announced June revenue increased 4.7% on month to NT$5.94 billion, with revenue for the second quarter growing 9.4% on quarter to NT$17.22 billion.
PTI's revenue for the first half of 2023 totaled NT$32.96 billion, still down 25.3% on year.
Reduced output by key memory chipmakers would gradually contribute to the industry supply-demand balance later this year, PTI chairman D. K. Tsai was quoted as saying in previous reports. The backend house expects logic ICs to see a faster recovery in demand than memory chips.
Greatek Electronics, a PTI-reinvested logic IC backend house, has reported second-quarter revenue increased 16.5% sequentially to NT$3.52 billion. Revenue for the first half of 2023 came to NT$6.53 billion, down 30.5% on year.
Article translated by Jessie Shen
