ASE Semiconductor Extends Pre-Market Gain on Reported Nvidia Funding for CoWoS Expansion

Cointime reports: ASE Semiconductor (ASX.US) rose nearly 6% in pre-market trading on Nov. 9 to $33.5, extending gains after industry executives said Nvidia is providing billions of dollars to help Silicons Precision, a packaging and testing unit under ASE Technology Holding, expand CoWoS packaging capacity. The previously undisclosed funding will support new cleanroom construction and equipment purchases. Nvidia declined to comment, and ASE said it does not comment on market rumors involving customers.