February 6, 2024 /SemiMedia/ -- Semiconductor packaging and testing company ASE Group recently stated that in response to the expansion of advanced packaging production capacity, overall capital expenditures are expected to expand by 40% to 50% in 2024, reaching a record high.
ASE expects capital expenditures this year to increase by 40% to 50% compared with last year, of which 65% will be spent on packaging, especially advanced packaging. Currently, 60% of ASE's production capacity is used in packaging and testing, and 30% is used in electronic Manufacturing services.
ASE's overall capital expenditure, including machinery and equipment, last year was approximately US$1.5 billion. It is estimated that investment and control capital expenditure this year will exceed US$2.1 billion and reach US$2.25 billion, a new high since the company was founded.
ASE said that this year will be a year of recovery for semiconductors. Revenue is expected to show quarterly growth in the first half of the year. In the second half of the year, as customers complete destocking, it will enter the peak season, and the full-year operation will be better than last year.
