ASE expected to accelerate sales growth in 2H24

Leading IC packaging and testing company, ASE Technology Holding Co., Ltd. reported a revenue of NT$45.82 billion for April, showing a monthly increase of 0.3% and a year-on-year increase of 5.8%. Among them, revenue from Packaging, Testing, and Materials (ATM) was approximately NT$25.19 billion, a decrease of 2.1% compared to the previous month but an increase of 8% compared to the same period last year.

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SMIC’s gross margin declines hard due to cost of supporting Huawei

SMIC released its first-quarter financial report for 2024, with revenue performance showing a year-on-year increase of 19.7% to $1.75 billion, slightly better than market expectations and comparable to UMC. It also indicated continuous growth in shipment volume and a capacity utilization rate of 80.8%, higher than 76.8% in the fourth quarter of 2023 and 68.1% in the first quarter of 2023, showcasing a significant improvement.

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