|Hsinchu, Taiwan, January 31, 2011 - Vanguard International Semiconductor Corporation today announced its fourth quarter financial results. Fourth quarter revenue was NT$3,403 million, generating after tax net income around NT$313 million, and EPS of NT$0.19. Accumulated revenue for the year of 2010 totaled NT$16,034 million, with after tax net income of NT$1,952 million, and EPS of NT$1.16.
Compared with the previous quarter, fourth quarter revenue decreased by 29% to NT$3,403 million, from NT$4,823 million in the third quarter of 2010. On a year-over-year comparison, revenue for the fourth quarter increased around 9%. Wafer shipment for the fourth quarter reached 243,000 wafers, representing around 27% decrease from 331,000 wafers from the previous quarter. Gross margin decreased from around 28% to around 12% compared with previous quarter.
For the first quarter of 2011, VIS spokesperson Mr. Robert Hsieh said, ¡§After downstream digested inventory in the previous quarter, customer's wafer foundry demand is picking up, we expect wafer shipment to increase by around thirty percentage QoQ. Fab utilization rate to be around mid eighties percentage. Gross profit margin to be around twenty percentage. The blended ASP to be about flat QoQ.¡¨