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VIS Board of Directors Approves Financial Statements for the First Half of 2004
Vanguard International Semiconductor Corporation today held a meeting of the Board of Directors, at which the directors approved the financial statements for the first half of 2004. The Board affirmed that net sales for the first half of 2004 were NT$7,893 million, representing a 61% growth over the same period of 2003. Net income totaled NT$2,020 million. Earnings per share for the first six months of 2004 were NT0.72.

Vanguard ended its DRAM production at the end of July and transformed to a pure-play foundry service provider. The remarkable growth of the first half operation resulted from the successful transformation.