|Hsinchu, Taiwan, February 4, 2013 - Vanguard International Semiconductor Corporation today announced its fourth quarter financial results. Fourth quarter consolidated revenue was NT$4,753 million, net income around NT$739 million, and EPS of NT$0.47. Accumulated revenue for the year of 2012 totaled NT$17.16 billion, with after tax net income of NT$2.33 billion, and EPS of NT$1.48.
On a sequential basis, fourth quarter revenue increased 1% to NT$4,753 million, from NT$4,707 million in previous quarter. On a year-over-year comparison, revenue for the fourth quarter increased around 44%. Wafer shipment for the fourth quarter reached 371 thousand wafers, representing around 6% increase from 350 thousand wafers from the previous quarter. Gross margin is around 25%.
For the first quarter of 2013, VIS spokesperson Mr. D.L. Tseng said, ˇ§Although some customers will adjust inventory after high season, while others remain strong for wafer demand. We expect wafer shipment to be flat QoQ. Fab utilization rate to be mid nineties percentage. Gross profit margin to be high twenties percentage. The blended ASP to decrease by a low single digit percentage QoQ.ˇ¨