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Monthly Sales Report - May 2003
HsinChu, Taiwan, June 9, 2003- Vanguard International Semiconductor Corporation (VIS) announced today that the sales revenue for May 2003 was NT$ 885 million, a 13.73% increase compared to the same period of 2002. The cumulative revenue through May was NT$ 3.99 billion, a 13.75% increase compared to the same period of 2002.

Mr. Robert Hsieh, Finance & Administration vice president and spokesman of Vanguard, noted that due to foundry business steady growth and fab utilization increase, the company's May performance achieved revenue record high in the past 25 months and turn profitable. It's expected that the monthly utilization rate and quarterly sales revenue will sequentially increase in 2003.