ASE Technology Holding Co., Ltd. - Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on July 6, 2010, reports unaudited consolidated net revenues for Advanced Semiconductor Engineering, Inc. (ASE) for the month of June 2010 and the second quarter (Q2) of 2010. The company is a leading provider of outsourced semiconductor packaging and testing services.
Key Financial Metrics
Consolidated Net Revenues (including Universal Scientific Industrial Co., Ltd. since Feb 1, 2010):
- June 2010: NT$16,257 million (Sequential +4.9%; Year-over-Year +110.4%)
- Q2 2010: NT$46,416 million (Sequential +23.6% vs Q1 2010; Year-over-Year +122.3%)
ATM Net Revenues (Assembly, Test, and Material excluding USI):
- June 2010: NT$11,103 million (Sequential +4.5%; Year-over-Year +43.7%)
- Q2 2010: NT$31,697 million (Sequential +15.6% vs Q1 2010; Year-over-Year +51.8%)
Note: The filing text does not provide specific values for profit, cash flow, margins, debt, or liquidity.
Material Changes
The most significant material change is the consolidation of Universal Scientific Industrial Co., Ltd. (USI) revenues into ASE's consolidated figures starting February 1, 2010. This acquisition significantly impacts year-over-year comparisons, contributing to the reported double-digit growth rates. Excluding USI, the core ATM business still demonstrated strong growth of 43.7% year-over-year for June 2010.
Outlook, Risks, and Contingencies
The filing includes a Safe Harbor Notice regarding forward-looking statements. Management highlights several risks that could cause actual results to differ materially from expectations:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive market environment.
- Ability to introduce new packaging and testing technologies.
- Integration risks associated with pending and future mergers and acquisitions.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Fluctuations in foreign currency exchange rates.
- General economic conditions and potential disruptions from natural or human-induced disasters.
Investor Verification Checklist
- Verify the specific contribution of the Universal Scientific Industrial Co., Ltd. (USI) acquisition to the reported revenue growth.
- Review the 2009 Annual Report on Form 20-F (filed June 11, 2010) for detailed risk factors and historical financial context.
- Monitor future filings for profit margins and cash flow data, which are not included in this monthly revenue announcement.
- Assess the impact of foreign currency exchange rate fluctuations on future earnings.