|Hsinchu, Taiwan, February 20, 2012 - Vanguard International Semiconductor Corporation today announced its fourth quarter financial results. Fourth quarter revenue was NT$3,308 million, net income around NT$28 million, and EPS of NT$0.02. Accumulated revenue for the year of 2011 totaled NT$15,190 million, with after tax net income of NT$882 million, and EPS of NT$0.53.
Compared with the previous quarter, fourth quarter revenue decreased by 15% to NT$3,308 million, from NT$3,874 million in the third quarter of 2011. On a year-over-year comparison, revenue for the fourth quarter decreased around 3%. Wafer shipment for the fourth quarter reached 249 thousand wafers, representing around 17% decrease from 299 thousand wafers from the previous quarter. Gross margin decreased from around 11% to around 9% compared with previous quarter.
For the first quarter of 2012, VIS spokesperson Mr. D.L. Tseng said, ˇ§As customers remain conservative in wafer foundry demand post Christmas and Chinese New Year, we expect wafer shipment to decrease by a mid single digit percentage QoQ. Fab utilization rate to be around sixty percentage. Gross profit margin to be high single digit percentage. The blended ASP to decrease by a mid single digit percentage QoQ.ˇ¨