Taiwan’s ASE sees 2025 advanced packaging and testing revenue more than doubling to $1.6 billion

FILE PHOTO: A smartphone with a displayed ASE Technology Holding logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo

TAIPEI (Reuters) - ASE Technology Holding Co., the world's largest chip packaging and testing provider, said on Thursday it expects its revenue from leading-edge advanced packaging and testing to more than double to $1.6 billion this year, as global demand for AI chips surges.

ASE CFO Joseph Tung said on an earnings call that 2024 revenue from this segment was $600 million, up from $250 million in 2023.

Of the projected billion-dollar increase in revenue in 2025, Tung said 75% will come from leading edge packaging and 25% from advanced testing.

ASE’s subsidiary, Siliconware Precision Industries, has been a key supplier to Nvidia for the past 27 years.

(Reporting by Wen-Yee Lee; Editing by Tomasz Janowski)