ASE Technology’s (ASE) Revenue Decline Continued in November

ASE Technology Holding Co. (NYSE:ASX) is one of the 10 Most Undervalued Semiconductor Stocks to Invest in. On December 9, ASE Technology Holding Co. (NYSE:ASX) reported its unaudited consolidated net revenues for the month of November. ASX continues to prove its stability and strength in the semiconductor industry. Net revenue totaled NT$58,820 million in November, reflecting a 2.3% month-over-month decline. However, it was 11.1% higher than the same month last year in New Taiwan dollar terms.

In U.S. dollar terms, revenue totalled $1,903 million, indicating a sequential decline of 3.9% but a strong year-over-year increase of 15.5%. Despite small monthly fluctuations, these numbers demonstrate a steady annual growth, strengthening ASE Technology Holding’s position in the semiconductor sector.

The firm’s ATM (assembly, testing, and materials) segment delivered NT$36,082 million in revenue in November. ATM segment’s revenue was slightly up by 0.1% from October in NT$ terms, but saw a strong year-over-year growth of 23.6%. In US dollar terms, the ATM segment posted revenue of $1,167 million, a 1.5% decline from October. It showed a significant 28.5% year-over-year growth. ASX’s November performance highlights solid demand for its assembly and testing business. This segment is contributing substantially to the company’s overall growth trajectory.

ASE Technology Holding Co. (NYSE:ASX) provides semiconductor manufacturing services across Taiwan, Europe, the United States, Asia, and global markets. The company operates in four segments: Testing, Packaging, EMS, and Others. It provides front-end engineering testing, semiconductor packaging, final testing, wafer probing, and interconnect materials production services.

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Disclosure: None. This article is originally published at Insider Monkey.