ASX
ASE Technology Holding Co., Ltd.

ASE Technology Holding Co., Ltd.ASX

Technology · Semiconductors
31.63USD
+6.43%
Nov 08, 2026
ASX overview ready
Global Advanced Packaging and Test Provider for AI Accelerators
Global outsourced semiconductor assembly-and-test manufacturer with meaningful advanced-packaging, heterogeneous-integration, system-in-package, and testing capability for AI/HPC devices, alongside conventional packaging/test and EMS operations.
Theme not measured
Advanced Packaging has no leadership state this session.
Price structure is giving way
Longer-term context reads extended trend, with a near-term setup of distribution pressure.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably….
Unremarkable fundamentals
Primary risk
Cyclical semiconductor demand volatility.
Market Nov 6Price action Nov 7Research Sep 28

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction6.0BusinessPerformance—BusinessQuality—Valuation6.4ThemeMomentum—Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Advanced Packaging — Advanced Packaging is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Semiconductors, reads Lagging (−22.2pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price structure is giving way
Longer-term context reads extended trend, with a near-term setup of distribution pressure.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base and the earlier reset has already been partly recovered — a workable rather than ideal entry location.

Key Financials

Market Cap
$69.8B
Avg Volume (60D)
8.5M
60 sessions
Revenue Growth YoY
+24.2%
Trailing twelve months
Gross Margin
+20.2%
Trailing twelve months
Operating Margin
+11.5%
Trailing twelve months
Distance from 200DMA
-5.8%
P/E
29.8x
EV / Sales
3.2x
Market metrics as of Nov 7, 2026

Business Performance

Business Quality

Not assessed

Not assessed — the company files under a regime the financial record does not cover yet.

Fundamentals & Valuation

ASE Technology Holding Co., Ltd. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Global outsourced semiconductor assembly-and-test manufacturer with meaningful advanced-packaging, heterogeneous-integration, system-in-package, and testing capability for AI/HPC devices, alongside conventional packaging/test and EMS operations.
Opportunity
High opportunity
AI and high-performance-computing system growth is increasing demand for high-density heterogeneous integration, chiplet assembly, HBM interconnect, and complex final-test capacity required to turn leading-edge silicon into deployable accelerator and compute systems.
Key risk
Cyclical semiconductor demand volatility.

Economic classification

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Business & Markets

Technology · Semiconductors
What they do

ASE Technology Holding Co., Ltd. provides semiconductor manufacturing services globally through its subsidiaries, focusing on packaging, testing, and electronic manufacturing services (EMS) for various applications.

How it earns

The company generates revenue primarily through transactional manufacturing services including packaging, testing, and EMS contracts.

Products & services
Semiconductor packaging
Front-end engineering testing
Wafer probing
Final testing services
Electronic manufacturing services (EMS)
Customers & end markets
Semiconductor companies
Computing and peripherals manufacturers
Communications sector
Industrial applications
Automotive industry
Server and data center markets
Market position

Global leader in outsourced semiconductor assembly and test with advanced packaging and heterogeneous integration capabilities.

Demand drivers
High cyclicality

Semiconductor manufacturing services are sensitive to industry cycles and end-market demand fluctuations.