ASE Technology Holding Co., Ltd. (NYSE:ASX) is one of the 10 Mid-Cap Stocks That Are On Fire Right Now. On April 10, ASE Technology Holding Co., Ltd. (NYSE:ASX) reported that it has started building a new facility in the Renwu Industrial Park.
This project is a joint investment with WinWay Technology Co., Ltd. and HORNG TERNG AUTOMATION CO., LTD. (HTT). ASE Technology Holding Co., Ltd. (NYSE:ASX) said that the goal is to build a hi-tech semiconductor testing services cluster.
The capital investment for the project is expected to exceed NT$108.3 billion. According to the report by ASE Technology Holding Co., Ltd. (NYSE:ASX), once the facility is fully operational, it is projected to generate around NT$177.3 billion in annual output. The facility will use advanced smart manufacturing systems, including AI-based visual cloud inspection and fully automated guided vehicles (AGVs).
Looking ahead, ASE Technology Holding Co., Ltd. (NYSE:ASX) plans to offer a wide range of wafer and chip testing services at the Renwu site. The first phase of the facility is scheduled to start operations in April 2027. The second phase of expansion and operations is expected by October 2027.
ASE Technology Holding Co., Ltd. (NYSE:ASX) is a leading global provider of semiconductor manufacturing services in assembly and test. The company develops and offers complete turnkey solutions covering front-end engineering test, wafer probing and final test, as well as packaging, materials, and electronic manufacturing services.
While we acknowledge the potential of ASX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best American Tech Stocks to Buy and 10 Best Medical Stocks to Buy Under $30.
Disclosure: None. Follow Insider Monkey on Google News.
