Movement Alert|ASE Technology Rises 3.01% Overnight, Semiconductor Sector Extends Rally Amid Advanced Packaging Boom

Market Focus
Yesterday

On October 1, ASE Technology rose 3.01% overnight, trading at 45.66 USD/share, with turnover of 2.2756 million USD. The semiconductor sector continued its strong upward momentum, with the Philadelphia Semiconductor Index having previously recorded a 2.47% gain, driving broad-based strength across the industry.

On the sector front, chip stocks rallied firmly, with Intel up 3.24%, Advanced Micro Devices up 3.02%, Broadcom up 1.68%, NVIDIA up 1.62%, and Micron Technology up 1.4%. Market sentiment was further bolstered by anticipation of Micron Technology's upcoming earnings release, fueling optimism across the memory and packaging supply chain.

On the fundamental side, ASE Technology reported August consolidated revenue of NT$82.247 billion, surging 45.66% year over year and marking two consecutive months of record highs. AI advanced packaging remained 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, while raising quotes on CoWoS and FoCoS packaging services by over 20% for select categories. Institutional ratings stand at 100% buy, with an average price target of 51 USD, and full-year LEAP business revenue guidance was raised to above 3.5 billion USD.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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