Technology
ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the First Quarter of 2025
Published
1 year agoon
By
TAIPEI, April 30, 2025 /PRNewswire/ — ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) (“We”, “ASEH”, or the “Company”), the leading provider of semiconductor assembly and testing services (“ATM”) and the provider of electronic manufacturing services (“EMS”), today reported its unaudited net revenues[1] of NT$148,153 million for 1Q25, up by 11.6% year-over-year and down by 8.7% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$7,554 million, up from NT$5,660 million in 1Q24 and down from NT$9,312 million in 4Q24. Basic earnings per share for the quarter were NT$1.75 (or US$0.106 per ADS), compared to NT$1.31 for 1Q24 and NT$2.15 for 4Q24. Diluted earnings per share for the quarter were NT$1.64 (or US$0.100 per ADS), compared to NT$1.27 for 1Q24 and NT$2.07 for 4Q24.
We completed the purchase price allocation calculation in relation to Hirschmann acquisition as of September 30, 2024, and have retrospectively adjusted the consolidated financial results for 1Q24.
RESULTS OF OPERATIONS
1Q25 Results Highlights – Consolidated
Net revenues from packaging operations, testing operations, EMS operations, and others represented approximately 46%, 11%, 42%, and 1% of the total net revenues for the quarter, respectively.Cost of revenues was NT$123,260 million for the quarter, down from NT$135,633 million in 4Q24.
– Raw material cost totaled NT$72,343 million for the quarter, representing 49% of the total net revenues.
– Labor cost totaled NT$16,997 million for the quarter, representing 11% of the total net revenues.
– Depreciation, amortization and rental expenses totaled NT$14,672 million for the quarter.Gross margin increased by 0.4 percentage points to 16.8% in 1Q25 from 16.4% in 4Q24.Operating margin was 6.5% in 1Q25, compared to 6.9% in 4Q24.In terms of non-operating items:
– Net interest expense was NT$1,256 million.
– Net foreign exchange loss was NT$1,675 million, primarily attributable to the appreciation of the U.S. dollar against the New Taiwan dollar.
– Net gain on valuation of financial assets and liabilities was NT$2,873 million.
– Net gain on equity-method investments was NT$40 million.
– Other net non-operating income was NT$157 million, primarily attributable to miscellaneous income.
Total non-operating income and expenses for the quarter was NT$139 million.Income before tax was NT$9,810 million in 1Q25, compared to NT$11,441 million in 4Q24. We recorded income tax expenses of NT$2,022 million for the quarter, compared to NT$1,862 million in 4Q24.Net income attributable to shareholders of the parent was NT$7,554 million in 1Q25, compared to NT$5,660 million in 1Q24 and NT$9,312 million in 4Q24.Our total number of shares outstanding at the end of the quarter was 4,418,995,632, including treasury stock owned by our subsidiaries in 1Q25. Our 1Q25 basic earnings per share of NT$1.75 (or US$0.106 per ADS) were based on 4,328,341,956 weighted average numbers of shares outstanding in 1Q25. Our 1Q25 diluted earnings per share of NT$1.64 (or US$0.100 per ADS) were based on 4,410,238,275 weighted average number of shares outstanding in 1Q25.
1Q25 Results Highlights – ATM
Net revenues were NT$86,668 million for the quarter, up by 17.3% year-over-year and down by 1.9% sequentially.Cost of revenues was NT$67,057 million for the quarter, up by 14.9% year-over-year and down by 1.0% sequentially.
– Raw material cost totaled NT$23,566 million for the quarter, representing 27% of the total net revenues.
– Labor cost totaled NT$14,050 million for the quarter, representing 16% of the total net revenues.
– Depreciation, amortization and rental expenses totaled NT$13,238 million for the quarter.Gross margin decreased by 0.7 percentage points to 22.6% in 1Q25 from 23.3% in 4Q24.Operating margin was 9.6% in 1Q25, compared to 10.7% in 4Q24.
1Q25 Results Highlights – EMS
Net revenues were NT$62,295 million, up by 4.9% year-over-year and down by 16.8% sequentially.Cost of revenues for the quarter was NT$56,767 million, up by 5.3% year-over-year and down by 17.4% sequentially.
– Raw material cost totaled NT$49,087 million for the quarter, representing 79% of the total net revenues.
– Labor cost totaled NT$2,845 million for the quarter, representing 5% of the total net revenues.
– Depreciation, amortization and rental expenses totaled NT$1,169 million for the quarter.Gross margin increased by 0.6 percentage points to 8.9% in 1Q25 from 8.3% in 4Q24.Operating margin was 2.6% in 1Q25, compared to 2.7% in 4Q24.
LIQUIDITY AND CAPITAL RESOURCES
Equipment capital expenditures in 1Q25 totaled US$892 million, of which US$395 million was used in packaging operations, US$472 million in testing operations, US$23 million in EMS operations and US$2 million in interconnect materials operations and others.Total unused credit lines amounted to NT$358,413 million as of March 31, 2025.Current ratio was 1.04 and net debt to equity ratio was 0.41 as of March 31, 2025.Total number of employees was 96,436 as of March 31, 2025, compared to 95,492 as of December 31, 2024.
BUSINESS REVIEW
Customers
ATM BASIS
Our five largest customers together accounted for approximately 44% of our total net revenues in both 1Q25 and 4Q24. Two customers each accounted for more than 10% of our total net revenues in 1Q25 individually.Our top 10 customers contributed 61% of our total net revenues in 1Q25, compared to 60% in 4Q24.Our customers that are integrated device manufacturers or IDMs accounted for 34% of our total net revenues in 1Q25, compared to 32% in 4Q24.
EMS BASIS
Our five largest customers together accounted for approximately 68% of our total net revenues in 1Q25, compared to 72% in 4Q24. One customer accounted for more than 10% of our total net revenues in 1Q25.Our top 10 customers contributed 74% of our total net revenues in 1Q25, compared to 78% in 4Q24.
About ASE Technology Holding Co., Ltd.
ASEH is the leading provider of semiconductor manufacturing services in assembly and test. The Company develops and offers complete turnkey solutions covering front-end engineering test, wafer probing and final test, as well as packaging, materials and electronic manufacturing services through USI with superior technologies, breakthrough innovations, and advanced development programs. With advanced technological capabilities and a global presence spanning Taiwan, China, South Korea, Japan, Singapore, Malaysia, Philippines, Vietnam, Mexico, and Tunisia as well as the United States and Europe, ASEH has established a reputation for reliable, high quality products and services.
For more information, please visit our website at https://www.aseglobal.com.
This press release contains “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People’s Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2024 Annual Report on Form 20-F filed on March 27, 2025.
Supplemental Financial Information
(Unaudited)
Consolidated Operations
1Q25
4Q24
1Q24
EBITDA[2] (NT$ million)
27,628
28,797
23,939
ATM Operations
1Q25
4Q24
1Q24
Net Revenues (NT$ million)
86,668
88,363
73,908
Revenues by Application
Communication
48 %
53 %
52 %
Computing
22 %
17 %
18 %
Automotive, Consumer & Others
30 %
30 %
30 %
Revenues by Type
Bumping, Flip Chip, WLP & SiP
46 %
47 %
43 %
Wirebonding
28 %
27 %
30 %
Others
6 %
7 %
9 %
Testing
18 %
18 %
16 %
Material
2 %
1 %
2 %
Capacity & EBITDA
Equipment CapEx (US$ million)
869
616
206
EBITDA[2] (NT$ million)
24,146
24,845
20,422
Number of Wirebonders
25,222
25,328
25,406
Number of Testers
6,686
6,300
5,611
EMS Operations
1Q25
4Q24
1Q24
Net Revenues (NT$ million)
62,295
74,895
59,365
Revenues by Application
Communication
33 %
37 %
34 %
Computing
11 %
9 %
12 %
Consumer
31 %
33 %
27 %
Industrial
13 %
11 %
12 %
Automotive
10 %
8 %
12 %
Others
2 %
2 %
3 %
Capacity
Equipment CapEx (US$ million)
23
24
21
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million, except per share data)
(Unaudited)
For the three months ended
Mar. 31
2025
Dec. 31
2024
Mar. 31
2024
(Retrospectively Adjusted)
Net revenues
Packaging
68,411
70,285
59,458
Testing
16,004
15,713
12,102
EMS
61,860
74,243
59,326
Others
1,878
2,023
1,917
Total net revenues
148,153
162,264
132,803
Cost of revenues
(123,260)
(135,633)
(111,982)
Gross profit
24,893
26,631
20,821
Operating expenses
Research and development
(7,579)
(7,676)
(6,609)
Selling, general and administrative
(7,643)
(7,744)
(6,735)
Total operating expenses
(15,222)
(15,420)
(13,344)
Operating income
9,671
11,211
7,477
Net non-operating income and expenses
Interest expense – net
(1,256)
(1,308)
(1,107)
Foreign exchange loss – net
(1,675)
(2,787)
(3,219)
Gain on valuation of financial assets and liabilities – net
2,873
4,017
4,098
Gain (loss) on equity-method investments – net
40
(133)
57
Others – net
157
441
506
Total non-operating income and expenses
139
230
335
Income before tax
9,810
11,441
7,812
Income tax expense
(2,022)
(1,862)
(1,893)
Income from operations and before non-controlling interests
7,788
9,579
5,919
Non-controlling interests
(234)
(267)
(259)
Net income attributable to shareholders of the parent
7,554
9,312
5,660
Per share data:
Earnings per share
– Basic
NT$1.75
NT$2.15
NT$1.31
– Diluted
NT$1.64
NT$2.07
NT$1.27
Earnings per equivalent ADS
– Basic
US$0.106
US$0.134
US$0.084
– Diluted
US$0.100
US$0.129
US$0.081
Number of weighted average shares used in diluted EPS calculation
(in thousand shares)
4,410,238
4,399,409
4,368,340
FX (NTD/USD)
32.79
32.16
31.30
ASE Technology Holding Co., Ltd.
Summary of ATM Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended
Mar. 31
2025
Dec. 31
2024
Mar. 31
2024
Net revenues:
Packaging
69,360
71,342
60,388
Testing
16,004
15,713
12,102
Direct Material
1,219
1,233
1,338
Others
85
75
80
Total net revenues
86,668
88,363
73,908
Cost of revenues
(67,057)
(67,754)
(58,351)
Gross profit
19,611
20,609
15,557
Operating expenses:
Research and development
(6,043)
(6,047)
(5,135)
Selling, general and administrative
(5,233)
(5,127)
(4,345)
Total operating expenses
(11,276)
(11,174)
(9,480)
Operating income
8,335
9,435
6,077
ASE Technology Holding Co., Ltd.
Summary of EMS Statement of Income Data
(In NT$ million)
(Unaudited)
For the three months ended
Mar. 31
2025
Dec. 31
2024
Mar. 31
2024
(Retrospectively Adjusted)
Net revenues
62,295
74,895
59,365
Cost of revenues
(56,767)
(68,713)
(53,913)
Gross profit
5,528
6,182
5,452
Operating expenses:
Research and development
(1,580)
(1,673)
(1,533)
Selling, general and administrative
(2,340)
(2,523)
(2,310)
Total operating expenses
(3,920)
(4,196)
(3,843)
Operating income
1,608
1,986
1,609
ASE Technology Holding Co., Ltd.
Summary of Consolidated Balance Sheet Data
(In NT$ million)
(Unaudited)
As of Mar. 31, 2025
As of Dec. 31 2024
Current assets
Cash and cash equivalents
77,100
76,493
Financial assets – current
16,435
9,376
Trade receivables
109,717
113,420
Inventories
59,858
61,181
Others
15,542
14,815
Total current assets
278,652
275,285
Financial assets – non-current & Investments – equity -method
41,428
41,810
Property, plant and equipment
342,056
312,531
Right-of-use assets
11,754
11,851
Intangible assets
66,955
67,562
Others
33,332
31,659
Total assets
774,177
740,698
Current liabilities
Short-term borrowings[3]
55,485
47,445
Current portion of bonds payable & Current portion of long-term borrowings
20,774
18,883
Trade payables
74,382
78,221
Others
117,101
86,391
Total current liabilities
267,742
230,940
Bonds payable
21,066
17,978
Long-term borrowings
126,708
121,750
Other liabilities
23,638
24,243
Total liabilities
439,154
394,911
Equity attributable to shareholders of the parent
311,522
323,523
Non-controlling interests
23,501
22,264
Total liabilities & shareholders’ equity
774,177
740,698
Current ratio
1.04
1.19
Net debt to equity ratio
0.41
0.37
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Cash Flow Data
(In NT$ million)
(Unaudited)
For the three months ended
Mar. 31
2025
Dec. 31
2024
Mar. 31
2024
(Retrospectively Adjusted)
Cash Flows from Operating Activities:
Income before tax
9,810
11,441
7,812
Depreciation & amortization
16,092
15,360
14,599
Other operating activities items
(5,929)
8,444
(5,717)
Net cash generated from operating activities
19,973
35,245
16,694
Cash Flows from Investing Activities:
Net payments for property, plant and equipment
(36,349)
(31,546)
(12,513)
Other investment activities items
(1,212)
(11)
(2,995)
Net cash used in investing activities
(37,561)
(31,557)
(15,508)
Cash Flows from Financing Activities:
Net proceeds from (repayment of) borrowings and bonds
16,149
(1,952)
(139)
Other financing activities items
262
(121)
(33)
Net cash generated from (used in) financing activities
16,411
(2,073)
(172)
Foreign currency exchange effect
1,784
3,167
6,807
Net increase in cash and cash equivalents
607
4,782
7,821
Cash and cash equivalents at the beginning of period
76,493
71,711
67,284
Cash and cash equivalents at the end of period
77,100
76,493
75,105
[1] All financial information presented in this press release is unaudited, consolidated and prepared in accordance with Taiwan-IFRS (International Financial Reporting Standards as endorsed for use in the R.O.C.). Such financial information is generated internally by us and has not been subjected to the same review and scrutiny, including internal auditing procedures and audit by our independent auditors, to which we subject our year-end audited consolidated financial statements, and may vary materially from the year-end audited consolidated financial information for the same period. Any evaluation of the financial information presented in this press release should also take into account our published year-end audited consolidated financial statements and the notes to those statements. In addition, the financial information presented is not necessarily indicative of our results of operations for any future period.
[2] EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impairment and investment gain or loss as well as other items.
[3] Short-term borrowings include short-term loans and bills payable.
Investor Relations Contact
ir@aseglobal.com
Tel: +886.2.6636.5678
https://www.aseglobal.com
View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-reports-its-unaudited-consolidated-financial-results-for-the-first-quarter-of-2025-302442125.html
SOURCE ASE Technology Holding Co., Ltd.
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AI-Powered Connectivity: APAC Charts a Path to a Smarter Digital Future
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Asia-Pacific’s first Broadband Development Summit brings regulators and operators to Bangkok to set the agenda
BANGKOK, July 19, 2026 /PRNewswire/ — Government officials, standards bodies and telecom operators gathered in Bangkok on 14 July for the inaugural Broadband Development Summit APAC 2026, convened by the World Broadband Association (WBBA) to build consensus on AI-era networks.
Participants included the ITU, Thailand’s National Board of the Digital Economy and Society, WBBA, IAB, FNCAP, WAA, NIDA and the IPv6 Council, alongside operators Telkomsel, XLSmart, Surge, Globe, AIS, CMI and HKT and Huawei.
Denny Deng, President of Huawei Asia Pacific Carrier Business, envisions a “faster, smarter, greener” Asia-Pacific.
VOICES FROM THE SUMMIT
“To seize the opportunities of the AI era, we call on the industry to accelerate broadband evolution, advance computing-network synergy, and strengthen the cross-border connectivity. Together, let us build faster, smarter, and greener digital infrastructure for Asia-Pacific.”
— Denny Deng, President of Asia Pacific Carrier Business, Huawei
“High-speed broadband is no longer just about ‘getting online’ — it is the vital infrastructure upon which the entire AI revolution is being built. We view AI not merely as a tool, but as a primary engine for national competitiveness and a catalyst for improving the quality of life for all.”
— Wetang Phuangsup, Ph.D., Secretary-General, the National Board of the Digital Economy and Society, Thailand
“Three initiatives define the road to 2030. We must close the quality divide so the value of broadband reaches everyone. We must build AI-ready networks — 10G access, 800GE cores, intelligence end to end. And we must do it together, through shared standards.”
— Martin Creaner, Director General of WBBA
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— Dhruv Dhody, Industry Standardization Expert at Huawei, Chair of the IAB, IETF
“Across Asia-Pacific, fibre is extending beyond homes and offices into rooms, devices, and machines. By working together, we can accelerate fibre innovation and adoption to build truly AI-ready infrastructure.”
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“We fixed it before you feel it! AIS is redefining premium home broadband by combining ultra-fast connectivity with AI-driven network intelligence and smart home ecosystem — delivering proactive, invisible service excellence that transforms connectivity into differentiated customer value and sustainable ARPU growth.”
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— Stanislaus Susatyo, Director of Sales, Telkomsel Indonesia
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AI continuously monitors network health, customer behavior and service quality. Rather than waiting for failures, the system predicts degradation and initiates corrective actions. By maintaining minute-level awareness of network health, our systems automatically resolve 30% of all Wi-Fi issues without any human intervention.”
— Danny Theseira, Head of Broadband Business Group at Globe Telecom
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— Dr. Cosmas Zavazava, Director of the Telecommunication Development Bureau, ITU
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Speakers agreed AI is shifting networks from connectivity to intelligent connectivity, as broadband, IP, computing and cross-border infrastructure converge to support innovation and coordination.
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Laifen Expands U.S. Retail Footprint with Costco Launch of Best-Selling SE Hair Dryer
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NEW YORK, July 18, 2026 /PRNewswire/ — Laifen, ranked the world’s No.1 high-speed hair dryer brand, today announced the launch of its best-selling SE High-Speed Hair Dryer at select Costco warehouse locations, marking the brand’s largest U.S. retail expansion to date and bringing its award-winning haircare technology to Costco members across select U.S. markets.
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The Costco launch represents the next phase of Laifen’s U.S. retail expansion as the brand continues to grow beyond its direct-to-consumer and online channels. By expanding into one of the nation’s most trusted retailers, Laifen aims to broaden access to its category-disrupting haircare solutions while advancing its mission to bring more thoughtful design and everyday excellence into more homes.
The Laifen SE High-Speed Hair Dryer in White will be available at select Costco locations, while Costco.com shoppers will have access to additional color options including Purple and Pink, alongside the White model.
For more information on Laifen, please visit LaifenTech.com.
About Laifen:
Founded in 2019, Laifen is a global personal care technology brand combining high-performance engineering with modern design across hair care, oral care, and grooming categories. Ranked the world’s No. 1 high-speed hair dryer brand by Euromonitor International, Laifen first gained recognition for its self-developed 110,000 RPM high-speed brushless motor, the proprietary technology behind its award-winning hair dryers.
Building on this innovation, Laifen has expanded its portfolio to include electric toothbrushes and shavers, delivering premium technology and elevated everyday experiences to consumers worldwide. Today, Laifen products and accessories are used by over 22 million households across more than 60 countries, supported by more than 600 patents and recognized with over 50 international design and innovation awards. Driven by continuous technological breakthroughs, Laifen is committed to making cutting-edge personal care technology more accessible to consumers around the world.
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SOURCE Laifen
NEW YORK, July 18, 2026 /PRNewswire/ — Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) was among many law firms targeted by sophisticated social engineering attempts in an incident last year. While the firm quickly detected and blocked the activity, an unauthorized actor was able to access some of the firm’s documents during a short window of time. Pillsbury notified any impacted clients last year and undertook a detailed process to review the accessed documents for personal information. Pillsbury then began notifying individuals whose personal information was affected. That process is now complete, and today, Pillsbury is publishing substitute notice as a final step.
For more information, please visit the substitute notice on our website at https://www.pillsburylaw.com/en/breach-notice.html.
View original content to download multimedia:https://www.prnewswire.com/news-releases/pillsbury-notice-of-data-breach-302828892.html
SOURCE Pillsbury Winthrop Shaw Pittman LLP
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