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Taiwan's ASE Tech raises 2026 capex by $2 billion on strong demand
['Wen-Yee Lee', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
By Wen-Yee LeeTAIPEI, July 30 (Reuters) - Taiwan's ASE Technology Holding, the world's largest chip packaging and testing provider, said on Thursday it would raise this year's capital expenditure by $2 billion to around $10.5 billion, driven by strong demand.
• Of the additional $2 billion, $1 billion will go toward facilities and $1 billion toward equipment.
• The company said revenue from its leading-edge advanced packaging (LEAP) business is "tracking ahead" of its prior 2026 guidance of $3.5 billion.
• Chief Financial Officer Joseph Tung said the company aims to double its LEAP business revenue in 2027, driven by strong business momentum.
• ASE on Thursday also reported second-quarter revenue of T$191.06 billion ($5.88 billion), up 27% from a year earlier, while net income was up 180% at T$21.068 billion.