ASE Technology Holding Co., Ltd. shares rose nearly 6% in pre-market trading after receiving billions of dollars in support from Nvidia to expand production.

On November 9, ASE Technology Holding Co., Ltd. (ASX.US) continued to rise nearly 6% in pre-market trading, reaching $33.5. Nvidia is providing billions of dollars in funding to support SPIL, a subsidiary of ASE Technology Holding Co., Ltd., in expanding its CoWoS packaging capacity. The funds will be used for the expansion of a new cleanroom facility and the procurement of equipment. Nvidia did not respond to requests for comment, and ASE stated that it does not comment on market rumors involving its customers.