|HsinChu, Taiwan, Jan. 8, 2003- Vanguard International Semiconductor Corporation (VIS) announced today the sales revenue for December 2002 of NT$ 671 million, and the full year cumulative revenue of NT$ 8.3 billion.
Mr. Paul Chien, President of Vanguard, noted that Vanguard has benefited from its business focus in customized specialty IC foundry. With contribution from an expanding customer base and the accumulation of mass production know-how, this month's increased wafer shipments represented a growth for the third consecutive month and a 14.85% increase over the same period of 2001.
Furthermore, Mr. Paul Chien pointed out that the company successfully completed the capitalization plan on January 8 with the full support of employees, shareholders and investors. The increased capital will contribute to the long-term operation and development of the company.