ASE Technology Holding Co., Ltd. (NYSE:ASX) Q4 2023 Earnings Call Transcript

Tien Wu: I’ll try to give you the simplified version of it. It’s a big challenge. We struggled with this for a long time. All right. The beauty of this is the — all of the customers, all of the suppliers has been working with 1 or 2 leading suppliers for a period of time. So, the data lock is there. They understand the memory yield, they understand the logic yield, they understand the so-called assembly yield overall. So, the benchmark is very clear, all right? So, the simple answer is such, if ASE can produce the overall yield based on the overall benchmark, a part to the benchmark than we got this business. If we’re below that, either we lose the business or there will be punitive damage which is why you were referring to.

So the best way to look at is, can we retain this business going forward and still making money, all right? It’s too early to tell, but I’m telling you, we do have a confidence we would do — we will manage this, right? In terms of the other question you asked, a little bit too complicated getting into data. I will not answer. My apology.

Operator: There is no questions.

Tien Wu: With that, I would like to wish all of you a Happy New Year wherever you are. And we have gone through quite an exciting 2021, 2022. 2023 was a little bit of break. I think 2024, we’ll enter into a new era. And I think I look forward to working with all of you. Thank you. Joseph?

Joseph Tung: Thank you, all. Happy New Year. We’ll see you next time.

Tien Wu: Okay. Bye-bye.