|Hsinchu, Taiwan, October 29, 2012 - Vanguard International Semiconductor Corporation today announced its third quarter financial results. Third quarter consolidated revenue was NT$4,707 million, net income around NT$795 million, and EPS of NT$0.51.
On a sequential basis, third quarter revenue increased 3% to NT$4,707 million, from NT$4,552 million in previous quarter. On a year-over-year comparison, revenue for the third quarter increased around 21%. Wafer shipment for the third quarter reached 350 thousand wafers, representing around 2% decrease from 357 thousand wafers from the previous quarter. Gross margin remained at 28%.
For the fourth quarter of 2012, VIS spokesperson Mr. D.L. Tseng said, ˇ§Post China Golden Week, some customers are working on digesting inventory, while others remain strong for wafer demand. We expect wafer shipment to be flat or down slightly QoQ. Fab utilization rate to be mid eighties percentage. Gross profit margin to be low twenties percentage. The blended ASP to decrease by a low single digit percentage QoQ.ˇ¨