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VIS Reports Second Quarter Revenue of NT$2,734 Million and Earnings Per Share of NT$0.25
Hsinchu, Taiwan, August 3, 2005 - Vanguard International Semiconductor Corporation, a leading specialty IC foundry service provider today announced second quarter 2005 financial results. Second quarter revenue was NT$2,734 million, generating after tax net income of NT$376 million, or NT$0.25 per share.

Compared with the first quarter, second quarter revenue grew 23%, net income and earnings per share dropped by 62% and 63% respectively. On a year-over-year comparison, revenue for the second quarter decreased 34%, and both net income and earnings per share dropped by around 60%.

Wafer shipment for the second quarter reached 136,000 wafers, representing a 30% increase from 104,000 wafers in the first quarter. Average utilization rate increased to 81% compared with 64% of the previous quarter. Gross margin rose from 22% to 30%.

Financial results for the first half of 2005 include accumulated revenue of NT$4,962 million, gross profit of NT$1,321 million, operating income of NT$717 million, before tax income of NT$1,556 million, after tax income of NT$1,371 million, and EPS of NT$0.93.

For the third quarter of 2005, VIS spokesperson Mr. Daniel Chen said, ¡§Due to the strong demand for LCD driver IC, we expect the wafer shipment to increase by a mid-teen percentage point, utilization rate to reach over 90%, gross margin to be in the range of 33%~35%, blended ASP to decline by a low single digit point¡¨

 
Media Contacts:
Daniel Chen
Spokesman
General Counsel, Vice President of Administration
Vanguard International Semiconductor Corporation
Tel: 886-3-5770355 ext.2009
Fax: 886-3-5773504
E-mail: Vanguard_PR@vis.com.tw

Michelle Chang
Public Relations
Vanguard International Semiconductor Corporation
Tel: 886-3-5770355 ext.1900
Fax: 886-3-5773504
E-mail: ijchang@vis.com.tw