Home > News & Events > Press Center

Contact VIS
VIS Reports Third Quarter Revenue of NT$3,190 Million and Earnings Per Share of NT$0.35
Hsinchu, Taiwan, October 31, 2005 - Vanguard International Semiconductor Corporation, a leading specialty IC foundry service provider today announced third quarter 2005 financial results. Third quarter revenue was NT$3,190 million, generating after tax net income of NT$555 million, or NT$0.35 per share.

Compared with the previous quarter, third quarter revenue grew 17%, both net income and earnings per share increased by 49%. On a year-over-year comparison, revenue for the third quarter decreased 27%. Net income and earnings per share dropped by around 53%.

Wafer shipment for the third quarter reached 160,000 wafers, representing a 18% increase from 136,000 wafers in the second quarter. Average utilization rate increased to 93% compared with 81% of the previous quarter. Gross margin was 36%.

Financial results for the first three quarters of 2005 include accumulated revenue of NT$8,152 million, gross profit of NT$2,687 million, operating income of NT$1,484 million, after tax net income of NT$1,923 million, and EPS of NT$1.2.

For the fourth quarter of 2005, VIS spokesperson Mr. Daniel Chen said, ˇ§We expect wafer shipment to decrease by approximately 10%, and utilization rate to be around 86%. Also, as we predict a better product mix for next quarter, gross margin is expected to be in the range of 43%~45%, blended ASP to be higher than third quarter.ˇ¨

Media Contacts:
Daniel Chen
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