On September 17, ASE Technology rose 3.61% in pre-market trading, trading at $39.32/share, with turnover of $86,700. The rebound was driven by a broad semiconductor sector recovery combined with an ongoing oversold bounce.

The semiconductor sector continued to warm up, with peers Intel up 2.23%, Advanced Micro Devices up 2.13%, Micron Technology up 1.76%, NVIDIA up 1.59%, and Broadcom up 1.53%, providing sector-wide tailwinds. ASE Technology had pulled back consecutively since September 10, accumulating a short-term decline exceeding 10%, and has shown stabilization over the past two trading sessions, with the current rebound exhibiting clear oversold recovery characteristics.

On the fundamental side, the company reported August net revenue of NT$82.25 billion, up 45.7% year-over-year, with assembly, testing, and material revenue surging 53%. ASE Technology also secured additional advanced packaging and testing orders from Google for its TPU program and from Intel for its EMIB platform. Its Singapore subsidiary recently completed a $40.9 million machinery acquisition to expand production capacity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)