TAIPEI - ASE Technology Holding Co (NYSE:ASX)., Ltd. (NYSE: ASX, TAIEX: 3711), a key player in semiconductor packaging and testing services, reported a decrease in its unaudited consolidated net revenues for December 2023, as well as for the fourth quarter and the full year when compared to the same periods in the previous year.
According to the data released, December 2023 saw a decrease of 8.4% in net revenues to NT$49,906 million (US$1,589 million) compared to November 2023, and a year-over-year decline of 6.1% from December 2022. The fourth quarter revenues increased by 4.2% sequentially to NT$160,581 million (US$5,028 million), but showed a 9.5% decrease from the same quarter the previous year. For the full year of 2023, ASE Technology's net revenues were NT$581,914 million (US$18,688 million), marking a 13.3% decline from 2022.
The company's ATM assembly, testing, and material business segment followed a similar trend, with December 2023 revenues falling by 4.5% sequentially to NT$26,218 million (US$835 million), and 7.9% lower than December 2022. The fourth quarter revenues for this segment also decreased by 2.0% to NT$82,004 million (US$2,568 million) from the previous quarter, and saw a significant 13.1% decrease year-over-year. The full-year revenues for the ATM segment came in at NT$315,114 million (US$10,128 million), which is a 15.3% decrease from the previous year.
The company's press release includes forward-looking statements regarding future operations and financial performance, advising readers not to place undue reliance on these projections. ASE Technology's financial results and business prospects could differ materially due to various risks and uncertainties, including market conditions in the semiconductor industry and international business activities.
This financial update is based on a press release statement and is intended to comply with Taiwan regulatory requirements. Investors are reminded to consider the cyclical nature of the semiconductor industry and other market conditions when evaluating this information.
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