|Hsinchu, Taiwan, July 29, 2011 - Vanguard International Semiconductor Corporation today announced its second quarter financial results. Second quarter revenue was NT$4,017 million, net income around NT$363 million, and EPS of NT$0.21.
Compared with the previous quarter, second quarter revenue increased by 1% to NT$4,017 million, from NT$3,991 million in the first quarter of 2011. On a year-over-year comparison, revenue for the second quarter decreased around 5%. Wafer shipment for the second quarter reached 310 thousand wafers, representing around 4% increase from 298 thousand wafers from the previous quarter. Gross margin increased from around 18% to around 20% compared with previous quarter.
For the third quarter of 2011, VIS spokesperson Mr. D.L. Tseng said, ˇ§Due to the slower than expected recovery in end market, customer demand in third quarter is below normal seasonality. We expect wafer shipment to decrease by a low single digit percentage QoQ. Fab utilization rate to be around low seventies percentage. Gross profit margin to be low teens percentage. The blended ASP to be about flat QoQ.ˇ¨