|Hsinchu, Taiwan, April 30th, 2010 - Vanguard International Semiconductor Corporation today announced its first quarter financial results. First quarter revenue was NT$3,574 million, generating after tax net income around NT$220 million, and EPS of NT$0.13.
Compared with the previous quarter, first quarter revenue increased by 14% to NT$3,574 million, from NT$3,123 million in the fourth quarter of 2009. On a year-over-year comparison, revenue for the first quarter increased around 112%. Wafer shipment for the first quarter reached 264,000 wafers, representing around 24% increase from 214,000 wafers from the previous quarter. Gross margin increased from around 11% to around 16% compared with previous quarter.
For the second quarter of 2010, VIS spokesperson Mr. Robert Hsieh said, ˇ§Thanks to the continuing good customer demand, we expect wafer shipment to increase by low teens percentage QoQ. Fab utilization rate to be around 80%. Gross profit margin to be around 20%. The blended ASP will increase by a low single digit percentage QoQ.ˇ¨