|Hsinchu, Taiwan, October 29th, 2010 - Vanguard International Semiconductor Corporation today announced its third quarter financial results. Third quarter revenue was NT$4,823 million, generating after tax net income around NT$852 million, and EPS of NT$0.50.
Compared with the previous quarter, third quarter revenue increased by 14% to NT$4,823 million, from NT$4,234 million in the second quarter of 2010. On a year-over-year comparison, revenue for the third quarter increased around 11%. Wafer shipment for the third quarter reached 331,000 wafers, representing around 8% increase from 307,000 wafers from the previous quarter. Gross margin increased from around 22% to around 28% compared with previous quarter.
For the fourth quarter of 2010, VIS spokesperson Mr. Robert Hsieh said, ˇ§The demand was strong in the third quarter. After the Chinese National Holidays, customers are working down their inventory levels, demand is soft in the fourth quarter; we expect wafer shipment to decrease by around 30% QoQ. Fab utilization rate to be around mid sixties percentage. Gross profit margin to be around low teens percentage. The blended ASP to be about flat or slightly increase QoQ.ˇ¨