Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on December 6, 2010, to report unaudited consolidated net revenues for November 2010. ASE is a leading provider of outsourced semiconductor packaging and testing services.
Key Financial Metrics
| Metric | Nov 2010 (NT$ Million) | Oct 2010 (NT$ Million) | Nov 2009 (NT$ Million) | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| Consolidated Net Revenues | 16,822 | 16,908 | 8,686 | -0.5% | +93.7% |
| ATM Net Revenues (Excl. USI) | 10,737 | 11,173 | 8,686 | -3.9% | +23.6% |
Note: Starting February 1, 2010, revenues from Universal Scientific Industrial Co., Ltd. (USI) were consolidated into ASE's results. The ATM segment excludes USI.
The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
- Year-over-Year Growth: Consolidated net revenues surged 93.7% compared to November 2009, driven by the inclusion of USI revenues and general market recovery.
- Sequential Decline: Consolidated revenues decreased slightly by 0.5% from October 2010.
- Core Business Trend: Excluding the USI acquisition, the core Assembly, Test, and Material (ATM) business saw a 3.9% sequential decline but maintained a 23.6% year-over-year increase.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or management commentary regarding future quarters beyond standard forward-looking statements. The document includes a Safe Harbor Notice highlighting significant risks, including:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive industry environment.
- Ability to integrate mergers and acquisitions.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Fluctuations in foreign currency exchange rates.
- Disruptions from natural or human-induced disasters.
Investor Verification Checklist
- Verify the impact of the USI consolidation on the reported 93.7% year-over-year revenue growth.
- Monitor the sequential decline in the core ATM business (-3.9%) to assess underlying demand trends excluding acquisition effects.
- Review the 2009 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Confirm the company's ability to maintain growth amidst semiconductor industry cyclicality and geopolitical risks.