|Hsinchu, Taiwan, August 6, 2012 - Vanguard International Semiconductor Corporation today announced its second quarter financial results. Second quarter consolidated revenue was NT$4,552 million, net income around NT$772 million, and EPS of NT$0.48.
On a sequential basis, second quarter revenue increased 44% to NT$4,552 million, from NT$3,150 million in previous quarter. On a year-over-year comparison, revenue for the second quarter increased around 13%. Wafer shipment for the second quarter reached 357 thousand wafers, representing around 43% increase from 250 thousand wafers from the previous quarter. Gross margin increased from around 11% to around 28% compared with previous quarter.
For the third quarter of 2012, VIS spokesperson Mr. D.L. Tseng said, ˇ§As gloomy end market demand and customers have turned more cautious on building up inventories, we expect wafer shipment to decrease by a mid single digit percentage QoQ. Fab utilization rate to be around eighty percentage. Gross profit margin to be mid twenties percentage. The blended ASP to increase by a mid single digit percentage QoQ.ˇ¨