ASE Technology Holding Co. (NYSE: ASX) ranks among the 10 most undervalued semiconductor stocks to invest in. In November, the company reported NT$58,820 million in net revenue, a 2.3% month-over-month decline but an 11.1% increase from the previous year in New Taiwan dollar terms.

Despite a slight monthly decline, ASE Technology Holding saw a strong year-over-year increase in revenue, totaling $1,903 million in November. The firm’s ATM segment contributed significantly, with NT$36,082 million in revenue, showing a 23.6% year-over-year growth in New Taiwan dollar terms.

Operating across global markets, ASE Technology Holding provides semiconductor manufacturing services in segments such as Testing, Packaging, EMS, and Others. The company offers front-end engineering testing, semiconductor packaging, and wafer probing services.

While ASX presents investment potential, other AI stocks may offer greater upside potential with less downside risk. If seeking an undervalued AI stock benefiting from current economic trends, explore Insider Monkey’s report on the best short-term AI stock.

Read more at Yahoo Finance: ASE Technology’s (ASE) Revenue Decline Continued in November