Business Context and Reporting Period
This Form 6-K filing by Advanced Semiconductor Engineering, Inc. (ASE Technology Holding Co., Ltd.) covers the month of December 2002. The report serves as a press release announcing a significant executive leadership transition within the ASE Group of Companies, which includes ASE Inc., ASE Test Limited, and Universal Scientific Industrial Co., Ltd. (USI).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate announcement regarding personnel changes and does not contain financial statements or quantitative performance data.
Material Changes
The primary material change disclosed is the retirement of Dr. Leonard Y. Liu from his executive roles. Effective January 31, 2003, Dr. Liu will step down as President of ASE Inc., CEO of ASE Test, and CEO of USI. Richard H.P. Chang, currently Vice Chairman of ASE Inc. and Chairman of ASE Test and USI, will assume Dr. Liu's responsibilities. Dr. Liu will remain on the boards of directors for all three entities.
Guidance, Outlook, and Management Commentary
Management commentary indicates that the company has successfully navigated a difficult industry downturn and completed the rationalization of its management system. Chairman Jason C.S. Chang stated that the company is "emerging stronger and better positioned than any of our competitors to serve the continually increasing outsourcing needs of our customers." The outlook suggests confidence in maintaining the company's leadership position under the new leadership structure. No specific financial guidance or numerical targets were provided in this text.
Key Facts for Investor Verification
- Dr. Leonard Y. Liu's retirement from executive management is effective January 31, 2003.
- Richard H.P. Chang is assuming the roles of President of ASE Inc. and CEO of ASE Test and USI.
- Dr. Liu will continue to serve on the boards of directors for the group companies.
- The company asserts it has emerged from a recent industry downturn with strengthened operations.
- This filing contains no financial data; investors should refer to the most recent Form 20-F or quarterly reports for financial metrics.