|Hsinchu, Taiwan, January 29th, 2010 - Vanguard International Semiconductor Corporation today announced its fourth quarter financial results. Fourth quarter revenue was NT$3,123 million, generating after tax net income around NT$87 million, and EPS of NT$0.05. Accumulated revenue for the year of 2009 totaled NT$12,588 million, with after tax net income of NT$89 million, and EPS of NT$0.05.
Compared with the previous quarter, fourth quarter revenue decreased by 28% to NT$3,123 million, from NT$4,343 million in the third quarter of 2009. On a year-over-year comparison, revenue for the fourth quarter increased around 17%. Wafer shipment for the fourth quarter reached 214,000 wafers, representing a 24.6% decrease from 284,000 wafers from the previous quarter. Gross margin dropped from 22% to 11% compared with previous quarter.
For the first quarter of 2010, VIS spokesperson Mr. Robert Hsieh said, Ą§Driven by PRC government's stimulus package, Chinese New year restocking, and aggressive promotions in US and EU , we expect wafer shipment to increase by mid twenties percentage QoQ. Fab utilization rate to be around mid seventies percentage. Gross profit margin to be mid teens percentage. The blended ASP will decrease by a high single digit percentage QoQ.Ą¨