Advanced Semiconductor Engineering, Inc. Reports Consolidated Year 2005 Second-Quarter Financial Results

ASE, Inc. is the world's largest independent provider of IC packaging services and, together with its subsidiary ASE Test Limited (NASDAQ: ASTSF), the world's largest independent provider of IC testing services, including front-end engineering testing, wafer probing and final testing services. ASE, Inc.'s international customer base of more than 200 customers include such leading names as ATI Technologies Inc., IBM Corporation, Freescale Semiconductor, Inc., NVIDIA Corporation, Koninklijke Philips Electronics N.V., Qualcomm Incorporated, STMicroelectronics N.V. and VIA Technologies, Inc. With advanced technological capabilities and a global presence spanning Taiwan, Korea, Japan, Singapore, Malaysia and the United States, ASE, Inc. has established a reputation for reliable, high quality products and services. For more information, 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 Securities Act of 1933, as amended, and Section 21E of the 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 industry; demand for the outsourced semiconductor packaging and testing services we offer and for such outsourced services generally; the highly competitive semiconductor industry; our ability to introduce new packaging, interconnect materials and testing technologies in order to remain competitive; our ability to successfully integrate pending and future mergers and acquisitions; international business activities; our business strategy; general economic and political conditions; possible disruptions in commercial activities caused by natural or human-induced disasters, including terrorist activity and armed conflict; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; 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 2004 Annual Report on Form 20-F filed on June 23, 2005.


                      Supplemental Financial Information

    Consolidated Operations

      Amounts in NT$ Millions             2Q/05         1Q/05          2Q/04
      Net Revenues                       18,819        18,569         20,290
      Revenues by End Application
      Communication                         38%           40%            43%
      Computer                              30%           31%            31%
      Automotive and Consumers              28%           26%            23%
      Others                                 4%            3%             3%
      Revenues by Region
      North America                         56%           56%            62%
      Europe                                11%           10%             8%
      Taiwan                                13%           20%            20%
      Japan                                 10%           11%             5%
      Other Asia                            10%            3%             5%

    IC Packaging Services

      Amounts in NT$ Millions             2Q/05         1Q/05          2Q/04
      Net Revenues                       12,693        12,755         12,753
      Revenues by End Application
      Communication                         28%           31%            30%
      Computer                              37%           38%            42%
      Automotive and Consumers              30%           27%            26%
      Others                                 5%            3%             2%
      Revenues by Packaging Type
      Advanced substrate & leadframe
       based                                87%                      88%                        85%
            Traditional  leadframe  based                        8%                        8%                        10%
            Others                                                                  5%                        4%                          5%
            Capacity  CapEx  (US$  Millions)*                  24                        22                        106
            Number  of  Wirebonders                              6,136                  6,672                    6,322

        Testing  Services

            Amounts  in  NT$  Millions                          2Q/05                  1Q/05                    2Q/04
            Net  Revenues                                                3,752                  3,693                    4,102
            Revenues  by  End  Application
            Communication                                                  39%                      40%                        39%
            Computer                                                            21%                      21%                        20%
            Automotive  and  Consumers                            35%                      36%                        33%
            Others                                                                  5%                        3%                          8%
            Revenues  by  Testing  Type
            Final  test                                                        80%                      78%                        74%
            Wafer  sort                                                        16%                      17%                        22%
            Engineering  test                                              4%                        5%                          4%
            Capacity
            CapEx  (US$  Millions)*                                    13                        12                          65
            Number  of  Testers                                      1,350                  1,493                    1,492

        *  Capital  expenditure  amounts  exclude  building  construction  cost.


                                      Advanced  Semiconductor  Engineering,  Inc.
                                  Consolidated  Summary  Income  Statements  Data
                                      (In  NT$  millions,  except  per  share  data)
                                                                  (Unaudited)

                                                                      For  the  three  months            For  the  period
                                                                                    ended                                      ended
                                                              Jun.  30      Mar.  31    Jun.  30    Jun.  30    Jun.  30
                                                                  2005            2005          2004          2005          2004
        Net  revenues:
            IC  Packaging                      12,693          12,755      12,753          25,448        24,533
            Testing                                  3,752            3,693        4,102            7,445          7,521
            Module  Assembly                  2,283            1,925        3,379            4,208          5,344
            Others                                          91                196              56                287              113
            Total  net  revenues          18,819          18,569      20,290          37,388        37,511

        Cost  of  revenues                  16,679          16,686      15,821          33,365        29,273
        Gross  Profit                            2,140            1,883        4,469            4,023          8,238

        Operating  expenses:
            Research  and
              development                            672                671            595            1,343          1,179
            Selling,  general
              and  administrative          1,573            1,378        1,515            2,951          2,887
            Total  operating
              expenses                              2,245            2,049        2,110            4,294          4,066
        Operating  income  (loss)        (105)            (166)      2,359              (271)        4,172

        Net  non-operating
          (income)  expenses:
            Interest  expenses
              -  net                                        361                294            197                655              422
            Foreign  exchange
              loss  -  net                                  0                (14)            (5)              (14)            (87)
            Loss  (gain)  on
              long-term
              investment                                  2                (22)            29                (20)              64
            Loss  on  disposal  of
              assets                                        76                    5              44                  81                84
            Goodwill  impairment                --                  --              --                  --                --
            Others                                    9,529                  79              36            9,608                63
            Total  non-operating
              expenses                              9,968                342            301          10,310              546
        Income  (loss)
          before  tax                          (10,073)            (508)      2,058        (10,581)        3,626

        Income  tax  expense
          (benefit)                                      22              (146)        (567)            (124)          (840)
        Net  income  (loss)
          before
          minority  interest            (10,095)            (362)      2,625        (10,457)        4,466

        Minority  interest                (1,001)            (234)          605            1,235              809
        Net  income  (loss)                (9,094)            (128)      2,020          (9,222)        3,657

        Per  share  data:
        Earnings  (loss)
          per  common  share
            -  Basic                            NT$(2.31)    NT$(0.03)  NT$0.53      NT$(2.34)    NT$0.96
            -  Diluted                        NT$(2.31)    NT$(0.03)  NT$0.51      NT$(2.34)    NT$0.93

        Earnings  (loss)  per  pro  forma
          equivalent  ADS
            -  Basic                          US$(0.368)  US$(0.005)  US$0.080  US$(0.371)  US$0.144
            -  Diluted                      US$(0.368)  US$(0.005)  US$0.074  US$(0.371)  US$0.140

        Number  of  weighted
          average  shares
          used  in  diluted
          EPS  calculation
          (in  thousands)              3,945,236    3,943,780  4,041,732  3,944,512  4,060,305

        Forex  (NT$  per  US$1)            31.36            31.54          33.30          31.45          33.40


                                      Advanced  Semiconductor  Engineering,  Inc.
                                      Consolidated  Summary  Balance  Sheet  Data
                                                            (In  NT$  millions)
                                                                  (Unaudited)

                                                                                          As  of  Jun.                  As  of  Mar.
                                                                                            30,  2005                      31,  2005
        Current  assets:
            Cash  and  cash  equivalents                                      9,086                            7,093
            Short-term  investments                                            3,456                            3,569
            Notes  and  accounts  receivable                            14,020                          13,328
            Inventories                                                                  7,770                            9,177
            Others                                                                            6,798                            2,690
            Total                                                                            41,130                          35,857

        Long-term  investments                                                  4,816                            4,872
            Properties  -  net                                                      67,707                          81,056
            Other  assets                                                              11,852                          11,492
            Total  assets                                                            125,505                        133,277

        Current  liabilities:
            Short-term  debts  -  revolving
              credit                                                                          6,204                            6,607
            Short-term  debts  -  current
              portion  of  long-term  debts                                  4,461                            3,511
            Notes  and  accounts  payable                                    7,857                            7,117
            Others                                                                            8,286                            7,490
            Total                                                                            26,808                          24,725

        Long-term  debts                                                            38,311                          37,323
        Long-term  bonds  payable                                              8,999                            9,421
        Other  liabilities                                                          2,584                            2,576
        Total  liabilities                                                        76,702                          74,045

        Minority  interest                                                          7,175                            8,178

        Shareholders'  equity                                                  41,628                          51,054
        Total  liabilities  &
          shareholders'  equity                                              125,505                        133,277


        Contact:

          ASE,  Inc.

          Room  1901,  No.  333,  Section  1
          Keelung  Road,  Taipei,  Taiwan,  110
          Tel:    +886-2-8780-5489
          Fax:    +886-2-2757-6121
          
  http://www.aseglobal.com  

          Joseph  Tung,  CFO  /  Vice  President
          Freddie  Liu,  Financial  Controller
          
  Email  Contact  

          Clare  Lin,  Director  (US  Contact)
          
  Email  Contact  
          Tel:    +1-408-986-6524
 





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