|Hsinchu, Taiwan, August 16th, 2010 - Vanguard International Semiconductor Corporation today announced its second quarter financial results. Second quarter revenue was NT$4,234 million, generating after tax net income around NT$567 million, and EPS of NT$0.34.
Compared with the previous quarter, second quarter revenue increased by 18% to NT$4,234 million, from NT$3,574 million in the first quarter of 2010. On a year-over-year comparison, revenue for the second quarter increased around 23%. Wafer shipment for the second quarter reached 307,000 wafers, representing around 16% increase from 265,000 wafers from the previous quarter. Gross margin increased from around 16% to around 22% compared with previous quarter.
For the third quarter of 2010, VIS spokesperson Mr. Robert Hsieh said, ˇ§Thanks to the continuing good customer demand, we expect wafer shipment to increase by a high single digit percentage QoQ. Fab utilization rate to be close to 100%. Gross profit margin to be mid twenties percentage. The blended ASP will be about flat or slightly increase QoQ.ˇ¨