Shares of ASE Technology (ASX), a leading integrated circuit maker, soared 5.27% during intraday trading on Thursday. The stock's rally came on the back of the company's impressive fourth-quarter earnings report and positive outlook for sustained demand in the semiconductor industry.

The key factors driving ASE Technology's stock surge can be attributed to the following:

• ASE Technology reported Q4 profit of $287.9 million, or $0.13 per share, significantly outpacing analyst expectations. The strong performance was driven by robust demand for semiconductor chips across various end markets, including consumer electronics, automotive, and data centers.
• For the full year 2024, the company posted a profit of $1.01 billion and revenue of $18.54 billion, reflecting the resilience of the semiconductor industry amid global economic challenges.
• In its earnings release, ASE Technology highlighted its efforts to diversify into emerging technologies like artificial intelligence and autonomous driving. This strategic move positions the company to capitalize on the growing demand for advanced chips in these burgeoning sectors.

Looking ahead, market analysts remain bullish on ASE Technology's prospects, citing the company's strong financial performance, diversified product portfolio, and the overall positive outlook for the semiconductor industry. With the increasing adoption of technologies like 5G, Internet of Things (IoT), and advanced computing, the demand for semiconductor chips is expected to remain strong, boding well for ASE Technology's future growth.