|Hsinchu, Taiwan, May 6, 2013 - Vanguard International Semiconductor Corporation today announced its first quarter financial results. First quarter consolidated revenue was NT$4,786 million, net income around NT$881 million, and EPS of NT$0.56.
On a sequential basis, first quarter revenue minor increased 0.4% to NT$4,786 million, from NT$4,765 million in previous quarter. On a year-over-year comparison, revenue for the first quarter increased around 52%. Wafer shipment for the first quarter reached 373 thousand wafers, representing around 1% increase from 371 thousand wafers from the previous quarter. Gross margin improved to be around 30%.
For the second quarter of 2013, VIS spokesperson Mr. D.L. Tseng said, ˇ§Thanks to the inventory restocking for second quarter, we expect wafer shipment to increase by low teens percentage QoQ. Fab utilization rate to be close to 100%. Gross profit margin to be low thirities percentage. The blended ASP to decrease by a low single digit percentage QoQ.ˇ¨