On July 9, ASE Technology rose 3.71% overnight, trading at $42.12/share, with turnover of $1.2735 million.

On the news front, the stock had previously declined over 10% cumulatively across two consecutive sessions due to ex-dividend adjustments on July 6 (distributing $0.417 per share) and broader semiconductor sector weakness, creating short-term oversold rebound conditions. Bank of America raised its valuation outlook for the company, projecting that the server CPU-related packaging and testing market could expand from $19 billion to $96 billion, reinforcing the advanced packaging pricing power thesis.

The company announced on July 1 a further increase in advanced packaging prices by up to 20%, covering wafer-level and fan-out substrate packaging for U.S. core clients. Semiconductor sector sentiment showed signs of recovery, with Micron Technology up 1.15% and Intel up 0.65%, supporting the broader rebound.

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