ASE Technology Holding Co.Ltd - ADR

Revenue Growth and Forecasts: ASE Technology Holdings reported a consolidated revenue growth of 2% year-on-year for 2024, with advanced packaging and testing revenues rising significantly from USD 250 million in 2023 to over USD 600 million in 2024. For 2025, the company anticipates an additional USD 1 billion in leading-edge packaging and testing revenues, which is expected to account for 10% of total growth.

Testing Business Acceleration: The testing business saw an 18% year-on-year growth in Q4 2024 and is predicted to continue accelerating in 2025, with expectations that it will outpace the packaging sector, growing at nearly double the rate. This reflects ASE's commitment to increasing its turnkey and advanced testing capabilities.

Capital Expenditures Increase: ASE's machinery capital expenditures for 2024 totaled USD 1.9 billion, a sharp increase driven by the need for advanced packaging and testing facilities. The company plans to sustain this spending in 2025, indicating a robust investment strategy aimed at meeting the rising demand, especially with 60% of the CapEx focused on leading-edge capabilities.