|Hsinchu, Taiwan, May 4th, 2009 - Vanguard International Semiconductor Corporation today announced its first quarter financial results. First quarter revenue was NT$1,689 million, generating after tax net loss around NT$832 million, and net loss per share of NT$0.50.
Compared with the previous quarter, first quarter revenue decreased around 37% to NT$1,689 million, from NT$2,677 million in the fourth quarter 2008. On a year-over-year comparison, revenue for the first quarter decreased around 63%. Wafer shipment for the first quarter reached 106,000 wafers, representing a 35% decrease from 162,000 wafers in the fourth quarter 2008. Gross margin dropped from -10% to -33% compared with previous quarter.
For the second quarter of 2009, VIS spokesperson Mr. Robert Hsieh said, ˇ§Due to the recovery of customers' demand , we expect wafer shipment to increase around 110% QoQ. Fab utilization rate to be low sixties percentage. Gross profit margin to be mid-to-high single digit percentage. The blended ASP will decrease by a low-to-mid single digit percentage.ˇ¨