ASE upbeat on revenue growthLONG-TERM OUTLOOK: The chip packager is maintaining its capital spending budget for this year on expectations that 5G, AI and smart manufacturing would drive growthBy Lisa Wang / Staff reporter, in KAOHSIUNGASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip tester and packager, yesterday stood firm on its forecast of annual revenue growth this year, as customers continue to show a strong appetite for its advanced technology. Growth momentum is expected to continue from the first half of this year, when ASE’s revenue, net profit and equipment utilization all beat its expectations, it said. ASE Technology Holding Co chief executive officer Tien Wu, left, and chief financial officer Joseph Tung, right, attend the company’s annual shareholders’ meeting in Kaohsiung yesterday. Photo: Lisa Wang, Taipei Times“We are firm about our forecast of annual growth in revenue this year,” ASE chief executive officer Tien Wu (吳田玉) told reporters on the sidelines of the company’s annual shareholders’ meeting in Kaohsiung. The company used to provide a business guidance for upcoming quarters, but Wu yesterday declined to quantify the firm’s revenue growth guidance for this year, citing macroeconomic uncertainties, political tensions, the global COVID-19 situation and vaccine development.

Source: Taipei Times June 24, 2020 15:56 UTC