In early U.S. trading on Wednesday, shares of semiconductor assembly and test manufacturing services company ASE Technology (ASX) rose 1.2% following the company's report of August revenue reaching $1.89 billion, representing a 16.7% year-over-year increase, primarily driven by strong demand in its ATM (Assembly, Test & Manufacturing) business.
The company anticipates third-quarter revenue growth of 12% to 14%, propelled by robust AI demand.
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