ASE Technology (ASX) Touches New High as Investors Hunt for Semiconductor Stocks

Core Viewpoint - ASE Technology Holding Co. Ltd. (NYSE:ASX) has reached a new all-time high, driven by strong demand in the semiconductor sector, particularly from the artificial intelligence (AI) industry [1][3]. Group 1: Stock Performance - ASE Technology's stock price peaked at $12.84 during intra-day trading, ultimately closing up by 5.45% at $12.58 [2]. - The company's stock performance is part of a broader trend where several semiconductor stocks are experiencing significant gains amid market volatility [1]. Group 2: Business Developments - ASE Technology's recent rally was bolstered by its subsidiary's acquisition of a plant engineering project from Acter Group for T$1 billion (approximately $32.6 million) as part of its expansion strategy [3]. - The company has initiated the construction of a new plant in Kaohsiung, with an investment of $579 million aimed at enhancing production capabilities for advanced 3D chip on wafer on substrate (CoWoS) IC packaging services. This project is expected to create nearly 2,000 new jobs and is scheduled for completion in the first quarter of 2028 [4].