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ASE reports Q1 2025 sales of
$4.62B, down 8.7% from Q4
TAIPEI, Taiwan — ASE, world’s lar-
gest OSAT by revenue, reported Q1
2025 sales of NT$148.153 million
($4.62 billion), 8.7% behind the prior
quarter but up 11.6% from the same
quarter in 2024.
Net income for the quarter totaled NT
$7.554 million ($250,207), up from NT
$5.660 million ($187,473) in Q1 2024 and
down from NT $9.312 million ($308,370)
in Q4 2024.
Diluted earnings per share for the quar-
ter were NT$1.64 ($0.100 per ADS) ver-
sus NT$1.27 ($0.04) for Q1 2024 and
NT$2.07 ($0.07) for Q424.
Net revenues
Net revenue from packaging operations,
testing, EMS and others was about 46%,
11%, 42% and 1% of the total for the
quarter, respectively.
Cost of revenue was NT$123.26 million
($4,082 million) for the quarter, down
from NT$135.633 million ($4.192 million)
in Q424. Raw material represented 49%
for the quarter, while labor costs totaled
11% of total net revenue.
For the quarter, leading-edge advanced
packaging services accounted for 10% of
ASE’s overall ATM revenues, compared to
6% for the full year 2024
ASE’s overall utilization rate came in
slightly above its original expectations of
65% for the first quarter. Test utilization
was full for advanced platforms while
being in the 60-percent range for trailing-
edge capacities
ASE’s five largest customers together
accounted for approximately 68% of its
JUNE 2025
total net revenues in Q125, compared to
72% in Q424. One customer accounted
for more than 10% of the total.
Equipment capital expenditures in Q125
totaled $892 million, of which $395
million was used in packaging operations,
$472 million in testing operations,
$23 million in EMS and $2 million in
interconnect materials operations and
others. aseglobal.com
GlobalFoundries shows slim
revenue increase to $1.58 billion
MALTA, N.Y. — GlobalFoundries, a
U.S.-headquartered, but United Arab
Emirates-owned silicon foundry,
recently reported Q1 2025 revenue of
$1.58 billion, flat from $1.54 billion in
Q1 2024.
The latest report represents a slim $36
million increase, 2%, over Q4 2024, but
a $245 million loss (13%) from the prior
quarter.
Profit fell
Gross profit for the current quarter,
however, fell by $38 million or 10% to
$355 million. For the Y/Y quarter gross
profit was $393 million. For the prior
quarter, gross profit was $449 million.
Net income for the current quarter was
$211 million compared to $134 million for
the same quarter Y/Y. Despite mostly flat
revenue, t he company managed to bring
its income into the black.bounced back
The prior quarter was weighed-down with
a loss of $729 million.
Diluted EPS for the current quarter was
greatly improved at $0.38 compared to
last quarter’s loss-per-share of $1.32. No
word yet on the rumored merger between
GF and Taiwan’s UMC. gf.com