|Hsinchu, Taiwan, April 27, 2012 - Vanguard International Semiconductor Corporation today announced its first quarter financial results. First quarter revenue was NT$3,150 million, net income around NT$24 million, and EPS of NT$0.02.
Compared with the previous quarter, first quarter revenue decreased by 5% to NT$3,150 million, from NT$3,308 million in the fourth quarter of 2011. On a year-over-year comparison, revenue for the first quarter decreased around 21%. As better than expected customer wafer demand in quarter end, wafer shipment reached 250 thousand wafers, which was flat QoQ. Gross margin increased from around 9% to around 11% compared with previous quarter.
For the second quarter of 2012, VIS spokesperson Mr. D.L. Tseng said, ˇ§Thanks to the inventory restocking and new customer demand, we expect wafer shipment to increase by around mid forties percentage QoQ. Fab utilization rate to be mid eighties percentage. Gross profit margin to be high twenties percentage. The blended ASP to increase by a low single digit percentage QoQ.ˇ¨