ASE Technology Holding (ASX) shares rose more than 6% on Tuesday. A broad rebound in semiconductor stocks supported the gain. Investors highlighted the company’s central role in the artificial intelligence supply chain. Demand for advanced packaging services remains high for AI and computing chips.
Nomura/Instinet raised its price target on the stock. ASE reported a 28.6% year-over-year increase in May net revenue. The company issued strong guidance for the second quarter. Management cited robust demand for its assembly, testing, and materials (ATM) business.
ASE is building new facilities in Taiwan to expand capacity. The company increased its 2026 revenue forecast for advanced packaging services. These investments aim to meet surging demand for high-performance chip technologies.