ASE Technology raises $1 billion, fueling AI chip expansion through 2030

ASE Technology Holding’s board approved the issuance of up to $1 billion in unsecured overseas convertible bonds. The company will use the proceeds to fund capacity expansion.

COO Dr. Tien Wu stated that overwhelming AI-related demand is currently stretching the company's capacity. He expects this growth trend to persist through 2030.

ASE Technology recently increased its 2026 capital expenditure budget to $8.5 billion. This investment aims to build infrastructure to meet robust customer demand for advanced AI chip packaging.