Connect with us

Technology

ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the First Quarter of 2025

Published

1 year ago

on

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.

Safe Harbor Notice

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.

Related Topics:
Continue Reading

Technology

The United States Golf Association Selects Gupta Media as Paid Media Agency of Record

Published

58 minutes ago

on

October 17, 2026

By

The appointment comes as the USGA looks to continue to strengthen brand equity and increase awareness and engagement with golfers nationwide

BOSTON, Oct. 17, 2026 /PRNewswire-PRWeb/ — The USGA, the non-profit governing body of golf in the United States, has named Gupta Media its paid media agency of record following a competitive pitch process that began in February. Gupta Media will lead paid media strategy, planning, buying and reporting in support of the USGA’s Championship ticketing and broader commercial initiatives, while helping grow brand equity, awareness and engagement across the organization. Its work will span key USGA priorities, including golf’s official Handicap Index® and GHIN app; the Rules of Golf and the USGA’s governance of the game; Membership; and initiatives that advance golf through sustainability, research and innovation, and greater access and inclusion. The relationship expands beyond media execution to include audience strategy, first-party data integration, measurement and optimization.

“Gupta Media stood out for its ability to connect the dots between data, audience strategy, media and creative to real business outcomes, so we’re incredibly excited for this next chapter.”

The relationship comes at an important moment for the USGA, with the organization focused on continuing to expand its reach and deepening brand affinity across the ever-growing, diverse golf community. Gupta Media will help drive ticket sales for some of the sport’s biggest events, including the 2027 U.S. Open at Pebble Beach Golf Links, the 2027 U.S. Women’s Open at Inverness Club, the 2028 U.S. Open at Winged Foot Golf Club and the 2028 U.S. Women’s Open at Oakmont Country Club. The agency will also support the USGA in creating greater awareness and brand recognition for its corporate Partners through co-branded content and paid media.

Golf has an enormous network of people who love the game, creating a growing opportunity to build a deeper, more direct relationship between golfers and the organization. That challenge is exactly what Gupta Media is built to strategically address — from growing membership and promoting ticket sales for major live events to reaching new audiences and understanding customer lifetime value. By bringing together audience insights, first-party data and media performance, Gupta Media will help the USGA create more relevant, effective marketing that drives measurable business results while strengthening its connection with the next generation of golfers.

“We were looking for an agency that could bring a deep understanding of our audiences, a genuine enthusiasm for our mission and the strategic expertise to work with us through this next phase of golf’s growth,” said Lynn LaRocca, USGA’s Managing Director of Brand & Marketing. “Gupta Media stood out for its ability to connect the dots between data, audience strategy, media and creative to real business outcomes, so we’re incredibly excited for this next chapter.”

“There’s a personal element to this partnership that makes it especially rewarding. My golf journey began 30 years ago when I first visited Pebble Beach as a teenager, long before I could imagine actually playing on the course,” said Gogi Gupta, Founder, Gupta Media. “To now have the opportunity to connect that lifelong passion for the game with the work we’ve spent years building and fine-tuning our agency to do feels like kismet. We’re eager to bring our proficiency to an organization that plays a leading role in the great game.”

The relationship brings together Gupta Media’s deep experience in sports marketing with its data-driven approach to audience strategy, media and creative. The agency has developed a specialized set of tools and processes to address data and analytics challenges of sports and live events, including TallyTickets.com, its proprietary ticketing analytics platform that helps teams understand sales trends, forecast demand and make more informed marketing and media decisions. Gupta Media’s experience spans sports, entertainment, premium events, and pop culture, giving the agency a comprehensive understanding of the audience models and fan behaviors that shape the industry.

About the USGA:

The USGA is a mission-based golf organization whose purpose is to unify the golf community through handicapping and grassroots programs; to showcase the game’s best talent through the U.S. Open, U.S. Women’s Open, and 13 other national championships and our museum; to provide unbiased global governance with The R&A through the playing, equipment and Amateur Status rules; and to advance issues important to golf’s future, with a focus on driving sustainability.

About Gupta Media:

Gupta Media, a certified Minority Business Enterprise, is a strategic consultancy at the intersection of creative strategy, digital media, advanced analytics, and performance marketing. We drive growth for professional sports franchises, global tech leaders, DTC brands, major music labels, and other high-profile organizations by building intelligent media plans, best-in-class reporting tools, and custom enterprise technology. Founded 25 years ago by Cornell grad Gogi Gupta, the agency is known for developing new methods of maximizing advertising efficiency in a digital-first world. Harvard Business School’s case study on Gupta Media was taught to all incoming students for three years and is still taught around the globe.

Media Contact

Carly Carioli, Gupta Media, 1 617-682-3733, ccarioli@guptamedia.com, guptamedia.com

View original content:https://www.prweb.com/releases/the-united-states-golf-association-selects-gupta-media-as-paid-media-agency-of-record-302911621.html

SOURCE Gupta Media

Continue Reading

Technology

China Mobile Hong Kong Establishes Hong Kong’s First U6G Network

Published

2 hours ago

on

October 17, 2026

By

Expanding Next-Generation Network Capabilities and Accelerating the Innovative Convergence of Communication, Computing, and AI Laying a Solid Foundation for 6G Development in Hong Kong

HONG KONG, Oct. 17, 2026 /PRNewswire/ — China Mobile Hong Kong Company Limited (“China Mobile Hong Kong”) announced that it has taken the lead in realising a U6GHz network, successfully completing network testing and validation at its Mong Kok flagship store and advancing the exploration of Upper 6GHz band applications in mobile networks. Implementing China Mobile Group’s strategy of “strengthening the network foundation and full-stack innovation”, China Mobile Hong Kong aims to enhance network capabilities through new frequency band applications, drive collaborative innovation between terminals and the wider industry, and lay a robust foundation for Hong Kong’s future 6G development.

Strategic Early Deployment of New Spectrum to Build Momentum for a 6G Future
U6GHz, or the Upper 6GHz band, can provide continuous wide bandwidth and is a crucial spectrum resource supporting 5G-A and future 6G evolution. On 29 November 2024, Hong Kong completed its 6/7GHz spectrum auction, becoming the first region globally to auction this frequency band for public mobile services. China Mobile Hong Kong successfully bid for 100MHz of continuous spectrum and has made appropriate forward-looking deployments, advancing network capability validation and terminal adaptation to accumulate experience for future 6G commercialisation.

Expanding Network Capacity to Enable Smoother Smart Applications
The newly added U6GHz spectrum can be utilised synergistically with existing frequency bands. Through various combinations with current spectrums, it can achieve download speeds of 3Gbps. The increased availability of spectrum helps enhance data transmission capabilities, accommodating more simultaneous user connections, improving the internet experience in highly congested areas, and supporting high-definition video and large-capacity data transmission.

As artificial intelligence becomes increasingly integrated into production and daily life, the demand for data transmission from devices such as smart glasses and AI robots continues to rise. China Mobile Hong Kong will promote the synergistic development of U6GHz and intelligent computing services, enhance connectivity between terminals and intelligent computing platforms, and explore AI image analysis, immersive interactions, and industrial applications. This will allow smart services to better integrate into everyday life and corporate operations.

Aligning with Mainland China and Hong Kong Blueprints to Consolidate the Foundation of Digital-Intelligent Development
China Mobile Hong Kong will actively align with the Nation’s “15th Five-Year Plan” and Hong Kong’s first Five-Year Plan. Focusing on “AI+”, computing infrastructure, and new industrialisation, the company will enhance communication and smart services through network upgrades to assist Hong Kong in building an international innovation and technology centre. Concurrently, China Mobile Hong Kong will collaborate with industry partners to accelerate the research, development, and testing of U6GHz products. By expanding hotspot coverage according to demand, it aims to drive the maturity of the industrial ecosystem and accelerate Hong Kong’s 6G development. Looking ahead, China Mobile Hong Kong will continue to leverage its strengths as a central state-owned enterprise, providing high-quality digital infrastructure to serve Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area, thereby fully contributing to the building of a cyber superpower and a digital China.

About China Mobile Hong Kong Limited
China Mobile Hong Kong Company Limited (“China Mobile Hong Kong”) is the wholly-owned subsidiary of China Mobile Limited (HKEx: 941), which is listed on the Fortune Global 500. China Mobile Hong Kong was incepted in January 1997 and was the first mobile network operator to launch PCS services in Hong Kong.

As the world’s leading mobile network brand with the largest customer base*, The Company offers innovative and comprehensive 5G communications services, including voice, data, IDD and international roaming. The Company is committed to the development of 5G with new technologies such as artificial intelligence, internet of things, cloud computing and big data, integrating 5G applications in different industries, promoting the construction and development of smart city groups in Greater Bay Area.

* China Mobile (Hong Kong) Limited is a wholly-owned subsidiary of China Mobile Limited. As of 31 December 2025, China Mobile Limited had the largest number of mobile network subscribers in the world.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/china-mobile-hong-kong-establishes-hong-kongs-first-u6g-network-302911836.html

SOURCE China Mobile Hong Kong Company Limited

Continue Reading

Technology

LG Electronics Kicks Off UAE Winter Roadshow for the All-New LG OLED EVO W6 Wallpaper TV

Published

3 hours ago

on

October 17, 2026

By

UAE residents can spot the ultra-thin 9 mm True Wireless OLED evo W6 at iconic destinations across the country, with interactive social contests and a chance to win the flagship television.

LG Electronics is launching a winter-long roadshow across premier UAE destinations to showcase the all-new flagship LG OLED evo W6, True Wireless Wallpaper TV.The tour officially kicks off at The Lotus Lounge, Anantara The Palm Dubai Resort, running from 16 to 19 October 2026.Secret upcoming locations will be teased on Instagram via @lg_gulf. Guests who visit one of the spot and post an Instagram Story tagging #LGW6spotted and @lg_gulf will enter a grand draw to win an LG OLED W6 TV.

DUBAI, UAE, Oct. 17, 2026 /PRNewswire/ — LG Electronics (LG) has announced the official launch of its nationwide UAE Winter Roadshow, showcasing the groundbreaking LG OLED evo W6, True Wireless Wallpaper TV. Commencing this weekend, the showcase will invite residents and visitors across the Emirates to experience the future of ultra-premium home entertainment firsthand in some of the country’s most scenic and luxurious lifestyle venues.

The roadshow marks the regional debut of the LG OLED evo W6, True Wireless Wallpaper TV, celebrating the much-anticipated return of LG’s iconic “Wallpaper” aesthetic. Measuring an ultra-slim 9.95mm in depth, the W6 mounts seamlessly flush against the wall with zero gaps, transforming the living space into a high-tech art gallery. Equipped with LG’s proprietary Zero Connect wireless transmission technology, the screen delivers lossless 4K video and audio from an untethered AV box placed up to 10 meters away, completely eliminating visible cable clutter.

First Stop: The Lotus Lounge, Anantara The Palm Dubai Resort

The LG OLED evo W6 winter journey kicks off with an exclusive opening pop-up at The Lotus Lounge at Anantara The Palm Dubai Resort, running from 16 to 19 October 2026. Guests visiting the venue will see the display blending seamlessly into an upscale seaside hospitality environment.

A Gamified Winter Tour: #LGW6spotted

Throughout the winter season, the LG OLED evo W6 will pop up at surprise footfall lifestyle destinations across UAE.

To engage consumers and tech enthusiasts, LG Gulf is introducing an interactive social campaign:

Ahead of every pop-up, upcoming secret locations will be teased on @lg_gulf on Instagram. Followers who correctly guess the venue can win exclusive on-the-spot giveaways.Visitors who embark on the city-wide trail and spot the installation at locations can enter a lucky draw to win their very own LG OLED evo W6, True Wireless Wallpaper TV at the conclusion of the campaign. To qualify, participants simply need to capture a photo of the TV, upload it to their Instagram Story, tag @lg_gulf, and use the hashtag # LGW6spotted.

Next-Generation Picture and AI Performance

Beneath its ultra-thin profile, the LG OLED evo W6 is driven by LG’s most sophisticated brain yet: the α11 (Alpha 11) AI Processor 4K Gen3. Engineered to analyze content frame-by-frame, the processor utilizes deep learning to upscale imagery with astonishing spatial depth, refine facial realism, and map multi-channel virtual surround sound tailored to room acoustics.

Complementing the processor is LG’s next-evolution Hyper Radiant Color technology alongside Brightness Booster Ultra, delivering luminous peak highlights that push conventional OLED boundaries while preserving the iconic inky, Perfect Blacks that define the medium. To suit the light-filled, open-plan spaces characteristic of modern homes in the region, the screen incorporates an advanced Reflection Free Premium coating that dramatically suppresses ambient glare without muting color vibrancy.

Setting an industry first, the LG OLED evo W6 also stands as the world’s first True Wireless TV capable of transmitting 4K visual clarity at an ultra-smooth 165Hz refresh rate. Complete with full support for Dolby Vision, Dolby Atmos, and leading gaming technologies, including Variable Refresh Rate (VRR), NVIDIA G-Sync, and AMD FreeSync Premium, the LG OLED evo W6 ensures uncompromising performance whether playing host to high-octane gaming or an intimate, theater-grade cinema evening.

For more information about the LG OLED evo W6, visit:
https://www.lg.com/ae/tvs-soundbars/lg-oled83w66la. To follow the roadshow schedule, decipher location clues, and enter the contest, follow @lg_gulf on Instagram.

About LG Electronics Media Entertainment Solution Company

 The LG Media Entertainment Solution Company (MS) is a recognized innovator in televisions, audio, displays and smart TV platforms. The MS Company enhances the media entertainment experience with its OLED TVs, renowned for perfect black and perfect color, and premium LCD QNED TVs, all powered by the personalized webOS smart TV platform. The MS Company also offers Information Technology solutions (gaming monitors, business monitors, laptops, projectors, cloud devices and medical displays) as well as Signage solutions (Micro LED signage, digital signage, hospitality displays and signage software solutions) that are designed to maximize customers’ work efficiency and deliver strong value. For more news on LG, visit www.LGnewsroom.com. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/lg-electronics-kicks-off-uae-winter-roadshow-for-the-all-new-lg-oled-evo-w6-wallpaper-tv-302911823.html

SOURCE LG

Continue Reading

Trending