| Investments Accounted for Using the Equity Method |
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INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD |
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| Investments in associates |
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$ |
20,410,983 |
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$ |
25,030,827 |
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$ |
797,922 |
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| Investments in joint venture |
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12,357 |
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- |
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- |
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$ |
20,423,340 |
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$ |
25,030,827 |
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$ |
797,922 |
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a. |
Investments in associates |
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1) |
Investments in associates accounted for using the equity method that were not individually material consisted of the following: |
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Carrying Amount as of December 31 |
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| Yann Yuan Investment Co., Ltd. (“Yann Yuan”) |
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Engaged in investing activities |
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R.O.C. |
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$ |
10,317,044 |
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$ |
13,972,765 |
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$ |
445,418 |
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| Hung Ching Development & Construction Co. (“HC”) |
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Engaged in the development, construction and leasing of real estate properties |
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R.O.C. |
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2,412,818 |
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3,375,196 |
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107,593 |
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| ChipMOS Technologies Inc. (“ChipMOS”) |
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Engaged in the packaging and testing of semiconductors |
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R.O.C. |
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2,941,982 |
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2,929,073 |
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93,372 |
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| M-Universe Investments Pte. Ltd. (“MU”) |
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Investment company |
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Singapore |
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2,325,475 |
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2,362,319 |
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75,305 |
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| MACHVISION,INC. (“MACHVISION”) |
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Engaged in the manufacturing and trading of non-contact optical inspection equipment |
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R.O.C. |
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2,055,590 |
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2,120,140 |
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67,585 |
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| Chipletz, Inc. (“CHIPLETZ”) |
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Fabless substrate design house |
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U.S.A. |
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255,384 |
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192,314 |
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6,130 |
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Carrying Amount as of December 31 |
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| Deca Technologies Inc. (“DECA”) |
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Holding company with group engaged in the development of packaging of semiconductors |
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U.S.A. |
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$ |
58,100 |
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$ |
79,020 |
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$ |
2,519 |
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| Questyle Audio Engineering Co., Ltd. (“QUESTYLE”) |
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Engaged in the research and development on technology and sales of electronic products, digital products, audio equipment and spare parts, domestic trading, import and export business |
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China |
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17,798 |
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- |
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- |
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| Goodcare Holdings Inc.
(“GOODCARE”) |
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Holding company, engaged in business of investment, long-term care and home care services |
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R.O.C. |
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26,792 |
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- |
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- |
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| Hung Ching Kwan Co. (“HCK”) |
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Engaged in the leasing of real estate properties |
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R.O.C. |
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(83,098 |
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(99,310 |
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(3,165 |
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20,327,885 |
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24,931,517 |
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794,757 |
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Add: Credit balance of investments accounted for using equity method reclassified to other non-current liabilities |
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83,098 |
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99,310 |
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3,165 |
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$ |
20,410,983 |
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$ |
25,030,827 |
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$ |
797,922 |
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2) |
At each balance sheet date, the total percentages of ownership held by the Group were as follows: |
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| Yann Yuan |
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27.94% |
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27.94% |
| HC |
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26.22% |
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26.22% |
| ChipMOS |
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10.85% |
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11.27% |
| MU |
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42.23% |
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42.23% |
| MACHVISION |
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23.08% |
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23.08% |
| CHIPLETZ |
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18.74% |
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18.74% |
| DECA |
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17.84% |
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17.82% |
| HCK |
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27.31% |
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27.31% |
| QUESTYLE |
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6.67% |
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- |
| GOODCARE |
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49.00% |
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- |
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3) |
During 2025, the exercise of employee share options issued by DECA led the Group’s percentage of ownership in DECA decreased to 17.82%. During 2025, ChipM OS repurchased its ordinary shares and led the Group’s percentage of ownership in ChipM OS increased to 11.27%. The Group considered it still has significant influence over the aforementioned associates since it involves in making significant decisions by participating in the board meetings of those associates. |
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4) |
At the end of 2024, the Group’s subsidiary, USISH, evaluated the recoverable amount of its investment in QUESTYLE by using the value in use. The recoverable amount was lower than the carrying amount and, therefore, the Group recognized an impairment loss of NT$42,143 thousand under the line item of other gains and losses (Note 25). The value in use of its investment in QUESTYLE was the present value of cash flow projections made by QUESTYLE’s management with a discount rate of 11.65%. In addition, USISH resigned as a director of QUESTYLE and no longer be nominated, which resulted the Group to lose its significant influence over QUESTYLE in December 2025, and the Group reclassified the investment as financial assets at FVTPL with a gain on disposal of investment accounted for using the equity method of NT$ 15,310 thousand (US$488 thousand) under the line item of other gains and losses (Note 25). |
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5) |
In August 2025, the Group’s subsidiary, ASE SOCIAL, subscribed 5,000 thousand ordinary shares of GOODCARE with NT$50,000 thousand (US$1,594 thousand) in cash. The percentage of the Group’s ownership in GOODCARE then increased to 67.21% and, therefore, the Group obtained control over GOODCARE. |
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6) |
Fair values (Level 1) of investments in associates based on quoted prices in an active market were summarized as follows: |
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ChipMOS |
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$ |
2,473,841 |
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$ |
3,720,625 |
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$ |
118,605 |
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HC |
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$ |
2,601,069 |
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$ |
1,993,695 |
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$ |
63,554 |
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7) |
Aggregate information of associates that were not individually material |
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For the Year Ended December 31 |
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The Group’s share of: |
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Net income |
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$ |
1,091,814 |
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$ |
899,723 |
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$ |
816,240 |
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$ |
26,020 |
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Other comprehensive income |
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2,439,733 |
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142,182 |
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4,395,542 |
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140,120 |
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Total comprehensive income |
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$ |
3,531,547 |
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$ |
1,041,905 |
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$ |
5,211,782 |
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$ |
166,140 |
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b. |
Investments in joint venture |
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1) |
Investments in joint venture that was not individually material and accounted for using the equity method consisted of the following: |
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Carrying Amount as of December 31 |
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MUtek Electronics Co., Ltd. (“MUtek”) |
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Engaged in the production and wholesale of electronic products |
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R.O.C. |
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$ |
12,357 |
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$ |
- |
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$ |
- |
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At the end of 2025, the Group’s subsidiary, UGTW, evaluated the recoverable amount of its investment in MUtek by using the value in use. The recoverable amount was lower than the carrying amount and, therefore, the Group recognized an impairment loss of NT$12,107 thousand (US$386 thousand) under the line item of other gains and losses (Note 25). The value in use of its investment in MUtek was the present value of cash flow projections made by MUtek’s management with a discount rate of 11.79%. |
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2) |
At each balance sheet date, the percentages of ownership held by the Group’s subsidiary were as follows: |
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3) |
Information of joint venture that was not individually material |
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For the Year Ended December 31 |
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The Group’s share of: |
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Total net loss and comprehensive loss |
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$ |
(11,214 |
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$ |
(3,021 |
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$ |
(250 |
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$ |
(8 |
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