Latest news with #JosephTung
CNA
30-04-2025
- Business
- CNA
Taiwan's ASE: evaluating how it will support Nvidia's $500 billion US plan
TAIPEI :Taiwan's ASE Technology Holding Co. has yet to decide how it will support a plan by Nvidia to build artificial intelligence servers worth as much as $500 billion in the U.S. over the next four years, it said on Wednesday. The company, the world's largest chip packaging and testing provider, is still evaluating an invitation from a customer to invest in the U.S. and has yet to decide on the investment size or timing, its Chief Financial Officer Joseph Tung told an earnings call. He did not name the customer but the company later confirmed to Reuters that he was talking about a plan announced by AI chip giant Nvidia made public earlier this month to expand production in the U.S., with the help of partners including ASE subsidiary Siliconware Precision Industries. Analysts have questioned whether the sum of $500 billion is realistic, given difficulties suppliers may have in moving production. Nvidia declined to comment. The customer had invited ASE to "evaluate the possibility of having some operations to support their business in the U.S," Tung said. "Currently we are engaging in discussion and are evaluating opportunities with interest. There are no further details so far in terms of the actual investment size or the timing of it. But any decision that we will eventually make will be made with economic viability." When asked by analysts about what kind of product would be considered, Tung he said it would be an extension of what the company offers in Taiwan. Siliconware Precision Industries, which carries out chip packaging for Nvidia, has no manufacturing presence in the U.S. Another ASE subsidiary, ISE Labs, has two testing factories in California.
CNA
30-04-2025
- Business
- CNA
Taiwan's ASE evaluates how it will support Nvidia's $500 billion US plan
TAIPEI :Taiwan's ASE Technology Holding Co. has yet to decide how it will support a plan by Nvidia to build artificial intelligence servers worth as much as $500 billion in the U.S. over the next four years, it said on Wednesday. The company, the world's largest chip packaging and testing provider, is still evaluating an invitation from a customer to invest in the U.S. and has yet to decide on the investment size or timing, its Chief Financial Officer Joseph Tung told an earnings call. He did not name the customer but the company later confirmed to Reuters that he was talking about a plan announced by AI chip giant Nvidia made public earlier this month to expand production in the U.S., with the help of partners including ASE subsidiary Siliconware Precision Industries. Analysts have questioned whether the sum of $500 billion is realistic, given difficulties suppliers may have in moving production. Nvidia did not immediately respond to a request for comment. The customer had invited ASE to "evaluate the possibility of having some operations to support their business in the U.S," Tung said. "Currently we are engaging in discussion and are evaluating opportunities with interest. There are no further details so far in terms of the actual investment size or the timing of it. But any decision that we will eventually make will be made with economic viability." When asked by analysts about what kind of product would be considered, Tung he said it would be an extension of what the company offers in Taiwan. Siliconware Precision Industries, which carries out chip packaging for Nvidia, has no manufacturing presence in the U.S. Another ASE subsidiary, ISE Labs, has two testing factories in California.
Reuters
30-04-2025
- Business
- Reuters
Taiwan's ASE evaluates how it will support Nvidia's $500 bln US plan
TAIPEI, April 30 (Reuters) - Taiwan's ASE Technology Holding Co. ( opens new tab has yet to decide how it will support a plan by Nvidia to build artificial intelligence servers worth as much as $500 billion in the U.S. over the next four years, it said on Wednesday. The company, the world's largest chip packaging and testing provider, is still evaluating an invitation from a customer to invest in the U.S. and has yet to decide on the investment size or timing, its Chief Financial Officer Joseph Tung told an earnings call. He did not name the customer but the company later confirmed to Reuters that he was talking about a plan announced by AI chip giant Nvidia made public earlier this month to expand production in the U.S., with the help of partners including ASE subsidiary Siliconware Precision Industries. Analysts have questioned whether the sum of $500 billion is realistic, given difficulties suppliers may have in moving production. Nvidia did not immediately respond to a request for comment. The customer had invited ASE to "evaluate the possibility of having some operations to support their business in the U.S," Tung said. "Currently we are engaging in discussion and are evaluating opportunities with interest. There are no further details so far in terms of the actual investment size or the timing of it. But any decision that we will eventually make will be made with economic viability." When asked by analysts about what kind of product would be considered, Tung he said it would be an extension of what the company offers in Taiwan. Siliconware Precision Industries, which carries out chip packaging for Nvidia, has no manufacturing presence in the U.S. Another ASE subsidiary, ISE Labs, has two testing factories in California.
Yahoo
13-02-2025
- Business
- Yahoo
Taiwan's ASE sees 2025 advanced packaging and testing revenue more than doubling to $1.6 billion
By Wen-Yee Lee TAIPEI (Reuters) - ASE Technology Holding Co., the world's largest chip packaging and testing provider, said on Thursday it expects its revenue from leading-edge advanced packaging and testing to more than double to $1.6 billion this year, as global demand for AI chips surges. ASE CFO Joseph Tung said on an earnings call that 2024 revenue from this segment was $600 million, up from $250 million in 2023. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Of the projected billion-dollar increase in revenue in 2025, Tung said 75% will come from leading edge packaging and 25% from advanced testing. ASE's subsidiary, Siliconware Precision Industries, has been a key supplier to Nvidia for the past 27 years.
Reuters
13-02-2025
- Business
- Reuters
Taiwan's ASE sees 2025 advanced packaging and testing revenue more than doubling to $1.6 bln
TAIPEI, Feb 13 (Reuters) - ASE Technology Holding Co. ( opens new tab, the world's largest chip packaging and testing provider, said on Thursday it expects its revenue from leading-edge advanced packaging and testing to more than double to $1.6 billion this year, as global demand for AI chips surges. ASE CFO Joseph Tung said on an earnings call that 2024 revenue from this segment was $600 million, up from $250 million in 2023. Of the projected billion-dollar increase in revenue in 2025, Tung said 75% will come from leading edge packaging and 25% from advanced testing. ASE's subsidiary, Siliconware Precision Industries, has been a key supplier to Nvidia (NVDA.O), opens new tab for the past 27 years.
