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ASE Semiconductor saw its shares rise more than 7% in pre-market trading to $36.8. The company reported unaudited consolidated net revenue of NT$88.615 billion for October, up 0.6% month-over-month and 47.1% year-over-year, reflecting strong monthly revenue momentum. Net revenue from its core packaging and testing and materials business reached NT$56.840 billion, up 7.9% month-over-month and 57.7% year-over-year. Industry executives revealed that NVIDIA is providing billions of dollars in funding to support Siliconware Precision Industries, a packaging and testing facility under ASE Technology Holding, in expanding CoWoS packaging capacity, including new cleanroom facility expansion and equipment procurement. NVIDIA did not respond to a request for comment, and ASE stated that it does not comment on market rumors involving customers.
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