- ASE Technology Holding Co. (ASX, Financial) recognizes 17 outstanding suppliers at the 2024 awards ceremony.
- The event marks the first-time inclusion of ESG criteria in the supplier selection process.
- The semiconductor market is projected to reach USD 1 trillion within the next decade, driven by AI demand.
ASE Technology Holding Co., Ltd. (ASX) recently held its 'Best Suppliers of 2024' awards ceremony in Kaohsiung, Taiwan, recognizing 17 suppliers for their exemplary contributions. The ceremony saw attendance from 450 representatives across more than 140 companies, emphasizing the company's commitment to collaboration within its supply chain.
In a move towards sustainable practices, ASE Technology included Environmental, Social, and Governance (ESG) criteria in its supplier selection process for the first time. This aligns with ASE's ambitious environmental targets, which aim for Net Zero by 2050 and a 20% reduction in energy consumption by 2030. The company is working with 19 equipment suppliers to design energy-efficient systems and has acknowledged 8 suppliers for successful carbon inventory verification.
Terry Tsao, Global Chief Marketing Officer and President of Taiwan, SEMI, highlighted ASE's leadership role in advancing the semiconductor industry's technological and sustainable transformations. The company projects that the semiconductor market, propelled by artificial intelligence (AI) demand, will grow to USD 1 trillion over the next decade. Dr. Tien Wu, Chief Operating Officer of ASE Holdings, noted the paradigm shift towards software innovation in this sector, which presents both challenges and opportunities.
Thanks to their exceptional performance, 17 companies were honored, including notable names such as Canon Semiconductor Equipment Taiwan, Inc., Henkel Taiwan Ltd., and Teradyne (Asia) Pte. Ltd. The event not only served as a platform to acknowledge current achievements but also as a venue for ASE to communicate its strategic vision and future goals, emphasizing the importance of resilient supply chain partnerships in maintaining competitive advantage amidst geopolitical shifts.
