Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year of 2017
TAIPEI, Taiwan, Feb. 1, 2018 /PRNewswire/ -- Advanced Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) ("We", "ASE", or the "Company"), among the world's leading companies in semiconductor packaging and testing, today reported unaudited net revenues[1] of NT$83,986 million for the fourth quarter of 2017 (4Q17), up by 9% year-over-year and up by 14% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$6,246 million, down from a net income attributable to shareholders of the parent of NT$7,957 million in 4Q16 and down from a net income attributable to shareholders of the parent of NT$6,336 million in 3Q17. Basic earnings per share for the quarter were NT$0.74 (or US$0.123 per ADS), compared to basic earnings per share of NT$1.04 for 4Q16 and NT$0.76 for 3Q17. Diluted earnings per share for the quarter were NT$0.71 (or US$0.118 per ADS), compared to diluted earnings per share of NT$0.88 for 4Q16 and NT$0.69 for 3Q17.
For the full year of 2017, the Company reported net revenues of NT$290,441 million and net income attributable to shareholders of the parent of NT$22,988 million. Basic earnings per share for the full year of 2017 were NT$2.82 (or US$0.463 per ADS). Diluted earnings per share for the full year of 2017 were NT$2.62 (or US$0.430 per ADS).
RESULTS OF OPERATIONS
4Q17 Results Highlights - Consolidated
-- Net revenue contribution from packaging operations, testing operations,
EMS operations, substrates sold to third parties and others, each
represented approximately 39%, 8%, 52%, 1% and 0%, respectively, of
total net revenues for the quarter.
-- Cost of revenue was NT$69,193 million for the quarter, up from NT$60,030
million in 3Q17.
-- Raw material cost totaled NT$44,775 million for the quarter,
representing 53% of total net revenues.
-- Labor cost totaled NT$9,140 million for the quarter, representing
11% of total net revenues.
-- Depreciation, amortization and rental expenses totaled NT$7,020
million for the quarter.
-- Gross margin decreased 1.1 percentage points to 17.6% in 4Q17 from 18.7%
in 3Q17.
-- Operating margin was 9.2% in 4Q17 compared to 9.6% in 3Q17.
-- In terms of non-operating items:
-- Net interest expense was NT$318 million.
-- Net foreign exchange gain of NT$780 million was primarily
attributable to the depreciation of the U.S. dollar against the NT
dollar.
-- Loss on valuation of financial assets and liabilities was NT$216
million.
-- Net gain on equity-method investments was NT$29 million, including
NT$134 million of the share of profit from our investment in
Siliconware Precision Industries Co., Ltd.
-- Other net non-operating expenses of NT$102 million were primarily
related to miscellaneous expenses. Total non-operating income for
the quarter was NT$173 million.
-- Income before tax was NT$7,879 million for 4Q17, compared to NT$7,815
million in 3Q17. We recorded income tax expenses of NT$1,085 million for
the quarter, compared to NT$1,083 million in 3Q17.
-- In 4Q17, net income attributable to shareholders of the parent was
NT$6,246 million, compared to net income attributable to shareholders of
the parent of NT$7,957 million in 4Q16 and net income attributable to
shareholders of the parent of NT$6,336 million in 3Q17.
-- Our total number of shares outstanding at the end of the quarter was
8,737,306,664, including treasury stock owned by our subsidiaries. Our
4Q17 basic earnings per share of NT$0.74 (or US$0.123 per ADS) were
based on 8,467,256,132 weighted average number of shares outstanding in
4Q17. Our 4Q17 diluted earnings per share of NT$0.71 (or US$0.118 per
ADS) were based on 8,632,468,652 weighted average number of shares
outstanding in 4Q17.
4Q17 Results Highlights - IC ATM[2]
-- Cost of revenues was NT$30,932 million for the quarter, down by 1.4%
sequentially.
-- Raw material cost totaled NT$9,392 million for the quarter,
representing 23% of total net revenues.
-- Labor cost totaled NT$7,769 million for the quarter, representing
19% of total net revenues.
-- Depreciation, amortization and rental expenses totaled NT$6,487
million for the quarter.
-- Gross margin increased 0.9 percentage points to 26.0% in 4Q17 from 25.1%
in 3Q17.
-- Operating margin was 14.4% in 4Q17 compared to 13.7% in 3Q17.
4Q17 Results Highlights - EMS
-- Cost of revenues for the quarter was NT$39,287 million, up by 32.3%
sequentially.
-- Raw material cost totaled NT$35,451 million for the quarter,
representing 82% of total net revenues.
-- Labor cost totaled NT$1,336 million for the quarter, representing 3%
of total net revenues.
-- Depreciation, amortization and rental expenses totaled NT$433
million for the quarter.
-- Gross margin decreased to 9.2% in 4Q17 from 10.3% in 3Q17.
-- Operating margin were both 4.3% in 4Q17 and 3Q17.
2017 Full-Year Results Highlights - Consolidated
-- Net revenues for the full year of 2017 amounted to NT$290,441 million,
up by 6% from 2016. The revenue contribution from packaging operations,
testing operations, EMS operations, substrates sold to third parties and
others represented approximately 44%, 9%, 46%, 1% and 0%, respectively,
of total net revenues for the year.
-- Cost of revenue for the year of 2017 was NT$237,709 million, compared
with NT$221,697 million in 2016.
-- Raw material cost totaled NT$142,934 million for the year,
representing 49% of total net revenues.
-- Labor cost totaled NT$35,978 million for the year, representing 12%
of total net revenues.
-- Depreciation, amortization and rental expenses totaled NT$27,703
million for the year.
-- Gross margin decreased 1.1 percentage points to 18.2% in 2017 from 19.3%
in 2016.
-- Operating margin decreased to 8.7% in 2017 from 9.7% in 2016.
-- Total non-operating income for the year was NT$5,711 million, compared
to total non-operating income of NT$1,324 million for 2016.
-- Income before tax was NT$30,929 million for 2017. We recognized an
income tax expense of NT$6,261 million for the year.
-- In 2017, net income attributable to shareholders of the parent amounted
to NT$22,988 million, compared with a net income attributable to
shareholders of the parent of NT$21,643 million in 2016.
-- Our total number of shares outstanding at the end of the year was
8,737,306,664, including treasury stock owned by our subsidiaries. Our
2017 basic earnings per share of NT$2.82 (or US$0.463 per ADS) were
based on 8,160,887,369 weighted average numbers of shares outstanding in
2017. Our 2017 diluted earnings per share of NT$2.62 (or US$0.430 per
ADS) were based on 8,369,240,703 weighted average number of shares
outstanding in 2017.
2017 Full-Year Results Highlights - IC ATM
-- Cost of revenues for the full year of 2017 was NT$121,873 million,
compared with NT$120,514 million in 2016.
-- Raw material cost totaled NT$36,953 million for the year,
representing 23% of total net revenues.
-- Labor cost totaled NT$31,153 million for the year, representing 19%
of total net revenues.
-- Depreciation, amortization and rental expenses totaled NT$25,788
million for the year.
-- Gross margin decreased to 24.3% in 2017 from 24.9% in 2016.
-- Operating margin decreased to 12.3% in 2017 from 12.9% in 2016.
2017 Full-Year Results Highlights - EMS
-- Cost of revenues was NT$120,354 million, up by 15.5% from 2016.
-- Raw material cost totaled NT$106,221 million for the year,
representing 79% of total net revenues.
-- Labor cost totaled NT$4,756 million for the year, representing 4% of
total net revenues.
-- Depreciation, amortization and rental expenses totaled NT$1,808
million for the year.
-- Gross margin increased to 10.2% in 2017 from 9.8% in 2016.
-- Operating margin increased to 4.2% in 2017 from 3.5% in 2016.
LIQUIDITY AND CAPITAL RESOURCES
-- Capital expenditures in 4Q17 totaled US$142 million, of which US$103
million were used in packaging operations, US$28 million in testing
operations, US$7 million in EMS operations, US$3 million in interconnect
materials operations and US$1 million in others.
-- For the full year of 2017, we spent US$639 million for capital
expenditures, including US$468 million in packaging operations, US$134
million in testing operations, US$26 million in EMS operations, US$10
million in interconnect materials operations and US$1 million in others.
-- As of December 31, 2017, total unused credit lines amounted to
NT$174,235 million.
-- Current ratio was 1.37 and net debt to equity ratio was 0.12 as of
December 31, 2017.
-- Total number of employees was 68,753 as of December 31, 2017, compared
to 68,231 as of September 30, 2017.
BUSINESS REVIEW
Packaging Operations[3]
-- Gross margin for our packaging operations during the quarter was 23.9%,
up by 1.6 percentage points from 3Q17.
-- Capital expenditures for our packaging operations amounted to US$103
million for the quarter, of which US$46 million were used to purchase
wafer bumping and flip chip packaging equipment, and US$57 million were
used to purchase common equipment, SiP equipment and wirebond packaging
equipment.
Testing Operations
-- Depreciation, amortization and rental expense associated with our
testing operations amounted to NT$1,645 million during the quarter, down
from NT$1,659 million in 3Q17.
-- In 4Q17, gross margin for our testing operations was 36.6%, down by 1.2
percentage points from 3Q17.
-- Capital expenditures for our testing operations amounted to US$28
million during the quarter.
EMS Operations
-- In 4Q17, gross margin for our EMS operations was 9.2%, down by 1.1
percentage points from 3Q17.
-- Capital expenditures for our EMS operations amounted to US$7 million
during the quarter.
Substrate Operations
-- PBGA substrate manufactured by ASE amounted to NT$2,127 million for the
quarter, down by NT$51 million, or by 2.4% from 3Q17. Of the total
output of NT$2,127 million, NT$922 million was from sales to external
customers.
-- Gross margin for substrate operations was 12.2% for the quarter, down by
0.9 percentage points from 3Q17.
-- In 4Q17, our internal substrate manufacturing operations supplied 25%
(by value) of our total substrate requirements.
Customers
IC ATM consolidated Basis
-- Our five largest customers together accounted for approximately 34% of
our total net revenues in 4Q17, compared to 36% in 3Q17. No customer
accounted for more than 10% of our total net revenues in 4Q17.
-- Our top 10 customers contributed 49% of our total net revenues for the
quarter, compared to 50% in 3Q17.
-- Our customers that are integrated device manufacturers or IDMs accounted
for 45% of our total net revenues for the quarter, compared to 44% in
3Q17.
EMS Basis
-- Our five largest customers together accounted for approximately 82% of
our total net revenues in 4Q17, compared to 80% in 3Q17. One customer
accounted for more than 10% of our total net revenues in 4Q17.
-- Our top 10 customers contributed 90% of our total net revenues during
the quarter, compared to 89% in 3Q17.
OUTLOOK
Based on our current business outlook and exchange rate assumptions, management projects overall performance for the first quarter of 2018 to be as follows:
-- In USD terms, IC-ATM 1Q18 business should be slightly ahead of 1Q17
levels;
-- Excluding foreign exchange impacts, IC-ATM 1Q18 gross margin should also
slightly improve versus 1Q17 levels;
-- EMS 1Q18 business should be slightly below 3Q17 levels;
-- EMS 1Q18 gross margin should be slightly above 4Q17 levels.
About ASE, Inc.
ASE, Inc. is among the world's leading companies in semiconeuctor packaging and testing, including front-end engineering testing, wafer probing and final testing services. With advanced technological capabilities and a global presence spanning Taiwan, China, Korea, Japan, Singapore, Malaysia and the United States, ASE, Inc. has established a reputation for reliable, high quality products and services. For more information, please visit our website at http://www.aseglobal.com.
Safe Harbor Notice
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. Our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the uncertainties as to whether we can complete the share exchange contemplated by a joint share exchange agreement between Siliconware Precision Industries Co., Ltd. and us; the strained relationship between the Republic of China and the People's Republic of China; general economic and political conditions; the recent global economic crisis; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our 2016 Annual Report on Form 20-F filed on April 21, 2017.
Supplemental Financial Information
IC ATM Consolidated Operations
Amounts in NT$
Millions 4Q/17 3Q/17 4Q/16
-------------- ----- ----- -----
Net Revenues 41,794 41,854 43,463
------ ------ ------
Revenues by Application
-----------------------
Communication 48% 49% 53%
------------- --- --- ---
Computer 11% 10% 10%
-------- --- --- ---
Automotive,
Consumer &
Others 41% 41% 37%
----------- --- --- ---
Packaging Operations
Amounts in NT$
Millions 4Q/17 3Q/17 4Q/16
----- ----- -----
Net Revenues 34,226 33,897 35,242
------ ------ ------
Revenues by Packaging Type
--------------------------
Bumping, Flip
Chip, WLP & SiP 34% 32% 32%
---------------- --- --- ---
IC Wirebonding 55% 57% 57%
-------------- --- --- ---
Discrete and
Others 11% 11% 11%
------------ --- --- ---
Capacity
--------
CapEx (US$
Millions)* 103 84 87
----------- --- --- ---
Number of
Wirebonders 16,076 16,083 15,897
------------ ------ ------ ------
Testing Operations
Amounts in NT$
Millions 4Q/17 3Q/17 4Q/16
----- ----- -----
Net Revenues 6,556 6,889 7,303
----- ----- -----
Revenues by Testing Type
------------------------
Final test 78% 79% 77%
---------- --- --- ---
Wafer sort 19% 18% 20%
--- --- ---
Engineering test 3% 3% 3%
--- --- ---
Capacity
--------
CapEx (US$
Millions)* 28 29 30
----------- --- --- ---
Number of
Testers 3,760 3,739 3,739
--------- ----- ----- -----
EMS Operations
Amounts in NT$
Millions 4Q/17 3Q/17 4Q/16
----- ----- -----
Net Revenues 43,289 33,100 34,634
------ ------ ------
Revenues by End Application
---------------------------
Communication 42% 45% 53%
------------- --- --- ---
Computer 14% 14% 14%
-------- --- --- ---
Consumer 32% 26% 20%
-------- --- --- ---
Industrial 6% 8% 7%
---------- --- --- ---
Automotive 5% 6% 5%
---------- --- --- ---
Others 1% 1% 1%
------ --- --- ---
Capacity
--------
CapEx (US$
Millions)* 7 13 6
----------- --- --- ---
* Capital expenditure excludes building
construction costs.
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data
(In NT$ millions, except per share data)
(Unaudited)
For the three months ended For the year ended
========================== ==================
Dec. 31 Sep. 30 Dec. 31 Dec. 31 Dec. 31
2017 2017 2016 2017 2016
Net revenues:
Packaging 33,045 32,880 33,620 126,225 125,283
Testing 6,553 6,889 7,303 26,157 27,032
Direct Material 922 948 806 3,690 3,262
EMS 43,285 33,098 34,627 133,948 115,395
Others 181 63 772 421 3,912
Total net revenues 83,986 73,878 77,128 290,441 274,884
------ ------ ------ ------- -------
Cost of revenues[4] (69,193) (60,030) (61,754) (237,709) (221,697)
Gross profit 14,793 13,848 15,374 52,732 53,187
------ ------ ------ ------ ------
Operating expenses:
Research and development (3,046) (2,986) (3,091) (11,747) (11,391)
Selling, general and administrative[4] (4,041) (3,794) (4,153) (15,767) (15,136)
Total operating expenses (7,087) (6,780) (7,244) (27,514) (26,527)
Operating income 7,706 7,068 8,130 25,218 26,660
----- ----- ----- ------ ------
Net non-operating (expenses) income:
Interest expense - net (318) (350) (451) (1,468) (1,987)
Foreign exchange gain (loss) 780 33 (308) 3,503 1,928
Gain (loss) on valuation of financial assets and liabilities
(216) 598 1,940 (2,782) 440
Gain (loss) on equity-method investments[4] 29 323 422 434 1,520
Others (102) 143 (73) 6,024 (577)
Total non-operating income (expenses) 173 747 1,530 5,711 1,324
--- --- ----- ----- -----
Income before tax 7,879 7,815 9,660 30,929 27,984
Income tax expense (1,085) (1,083) (1,274) (6,261) (5,091)
------ ------ ------ ------ ------
Income from continuing operations and 6,794 6,732 8,386 24,668 22,893
before noncontrolling interest
Noncontrolling interest (548) (396) (429) (1,680) (1,250)
---- ---- ---- ------ ------
Net income attributable to
shareholders of the parent
6,246 6,336 7,957 22,988 21,643
===== ===== ===== ====== ======
Per share data:
Earnings (losses) per share
- Basic NT$0.74 NT$0.76 NT$1.04 NT$2.82 NT$2.82
- Diluted NT$0.71 NT$0.69 NT$0.88 NT$2.62 NT$2.37
Earnings (losses) per equivalent ADS
- Basic US$0.123 US$0.125 US$0.164 US$0.463 US$0.438
- Diluted US$0.118 US$0.115 US$0.139 US$0.430 US$0.367
Number of weighted average shares used in 8,632,469 8,624,804 8,255,657 8,369,241 8,284,129
diluted EPS calculation (in thousands)
Exchange rate (NT$ per US$1) 30.08 30.22 31.62 30.42 32.22
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data - IC ATM
(In NT$ millions, except per share data)
(Unaudited)
For the three months ended For the year ended
========================== ==================
Dec. 31 Sep. 30 Dec. 31 Dec. 31 Dec. 31
2017 2017 2016 2017 2016
Net revenues:
Packaging 34,226 33,897 35,242 130,902 129,851
Testing 6,556 6,889 7,303 26,160 27,032
Direct Material 989 1,048 898 3,932 3,550
Others 23 20 20 87 83
Total net revenues 41,794 41,854 43,463 161,081 160,516
------ ------ ------ ------- -------
Cost of revenues4 (30,932) (31,368) (31,818) (121,873) (120,514)
Gross profit 10,862 10,486 11,645 39,208 40,002
------ ------ ------ ------ ------
Operating expenses:
Research and development (2,125) (2,123) (2,270) (8,361) (8,343)
Selling, general and administrative4 (2,736) (2,639) (3,002) (11,037) (10,959)
Total operating expenses (4,861) (4,762) (5,272) (19,398) (19,302)
Operating income 6,001 5,724 6,373 19,810 20,700
----- ----- ----- ------ ------
Net non-operating (expenses) income:
Interest expense - net (394) (416) (499) (1,751) (2,204)
Foreign exchange gain (loss) 822 129 (432) 3,657 1,600
Gain (loss) on valuation of financial assets and liabilities
(577) 365 1,880 (3,762) 460
Gain (loss) on equity-method investments4 1,245 1,249 1,611 8,505 5,188
Others 2 154 105 514 (320)
Total non-operating income (expenses) 1,098 1,481 2,665 7,163 4,724
----- ----- ----- ----- -----
Income before tax 7,099 7,205 9,038 26,973 25,424
Income tax expense (776) (784) (967) (3,671) (3,481)
---- ---- ---- ------ ------
Income from continuing operations and 6,323 6,421 8,071 23,302 21,943
before noncontrolling interest
Noncontrolling interest (77) (85) (114) (314) (300)
--- --- ---- ---- ----
Net income attributable to '
shareholders of the parent 6,246 6,336 7,957 22,988 21,643
===== ===== ===== ====== ======
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data - EMS
(In NT$ millions, except per share data)
(Unaudited)
For the three months ended For the year ended
========================== ==================
Dec. 31 Sep. 30 Dec. 31 Dec. 31 Dec. 31
2017 2017 2016 2017 2016
Net revenues:
Total net revenues 43,289 33,100 34,634 134,000 115,498
------ ------ ------ ------- -------
Cost of revenues (39,287) (29,691) (31,038) (120,354) (104,211)
Gross profit 4,002 3,409 3,596 13,646 11,287
----- ----- ----- ------ ------
Operating expenses:
Research and development (936) (877) (840) (3,452) (3,133)
Selling, general and administrative (1,208) (1,101) (1,099) (4,536) (4,068)
Total operating expenses (2,144) (1,978) (1,939) (7,988) (7,201)
Operating income 1,858 1,431 1,657 5,658 4,086
----- ----- ----- ----- -----
Net non-operating (expenses) income:
Total non-operating income 454 235 114 1,272 606
--- --- --- ----- ---
Income before tax 2,312 1,666 1,771 6,930 4,692
Income tax expense (324) (293) (509) (1,204) (1,044)
---- ---- ---- ------ ------
Income from continuing operations and 1,988 1,373 1,262 5,726 3,648
before noncontrolling interest
Noncontrolling interest (500) (338) (305) (1,440) (906)
---- ---- ---- ------ ----
Net income attributable to
shareholders of the parent
1,488 1,035 957 4,286 2,742
===== ===== === ===== =====
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Balance Sheet Data
(In NT$ millions)
(Unaudited)
As of Dec. 31, 2017 As of Sep. 30, 2017
=================== ===================
Current assets:
Cash and cash
equivalents 46,078 38,975
Financial assets -
current 5,785 3,989
Notes and accounts
receivable 55,201 51,830
Inventories 34,080 37,266
Others 3,794 7,852
----- -----
Total current assets 144,938 139,912
Financial assets -
non current &
Investments - equity
method 50,983 51,107
Property plant and
equipment 135,169 136,982
Intangible assets 11,341 11,830
Prepaid lease
payments 8,851 7,810
Others 12,576 12,358
------ ------
Total assets 363,858 359,999
======= =======
Current liabilities:
Short-term borrowings 17,962 19,638
Current portion of
bonds payable 6,161 6,137
Current portion of long-term borrowings & capital lease obligations
8,280 6,882
Notes and accounts
payable 41,672 41,077
Others 31,546 28,665
------ ------
Total current
liabilities 105,621 102,399
Bonds payable 16,982 16,981
Long-term borrowings
& capital lease
obligations 27,520 32,908
Other liabilities 9,734 9,755
----- -----
Total liabilities 159,857 162,043
Shareholders of the
parent 190,642 185,160
Noncontrolling
interest 13,359 12,796
------ ------
Total liabilities &
shareholders' equity 363,858 359,999
======= =======
Current Ratio 1.37 1.37
Net Debt to Equity 0.12 0.20
All financial information presented
in this press release is unaudited,
consolidated and prepared in
accordance with Taiwan-IFRS
(International Financial Reporting
Standards as endorsed for use in the
R.O.C.). Such financial information
is generated internally by us and
has not been subjected to the same
review and scrutiny, including
internal auditing procedures and
audit by our independent auditors,
to which we subject our audited
consolidated financial statements,
and may vary materially from the
audited consolidated financial
information for the same period.
Any evaluation of the financial
information presented in this press
release should also take into
account our published audited
consolidated financial statements
and the notes to those statements.
In addition, the financial
information presented is not
necessarily indicative of our
results of operations for any future
[1] period.
[2] ATM stands for Semiconductor
Assembly, Testing and Material.
[3] IC packaging services include module
assembly services.
As of September 30, 2017, we have
completed the identification of the
difference between the cost of the
investment and our share of the net
fair value of subsidiary and
associates' identifiable assets and
liabilities. Accordingly, we
retrospectively adjusted the
provisional amounts recognized at
the acquisition dates in May, July
[4] and November 2016, respectively.
IR Contact:
Iris Wu, Manager Grace Teng, Manager
irissh_wu@aseglobal.com grace_teng@aseglobal.com
Tel: +886.2.6636.5678 Tel: +886.2.6636.5678
http://www.aseglobal.com
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SOURCE Advanced Semiconductor Engineering, Inc.
