|Hsinchu, Taiwan, October 28, 2011 - Vanguard International Semiconductor Corporation today announced its third quarter financial results. Third quarter revenue was NT$3,874 million, net income around NT$95 million, and EPS of NT$0.06.
Compared with the previous quarter, third quarter revenue decreased by 4% to NT$3,874 million, from NT$4,017 million in the second quarter of 2011. On a year-over-year comparison, revenue for the third quarter decreased around 20%. Wafer shipment for the third quarter reached 299 thousand wafers, representing around 4% decrease from 310 thousand wafers from the previous quarter. Gross margin decreased from around 20% to around 11% compared with previous quarter.
For the fourth quarter of 2011, VIS spokesperson Mr. D.L. Tseng said, ˇ§Due to the uncertainties of global economic outlook and weak demand in end market, we expect wafer shipment to decrease by high twenties percentage QoQ. Fab utilization rate to be high fifties percentage. Gross profit margin to be low single digit percentage. The blended ASP to decrease by a low single digit percentage QoQ.ˇ¨