|Hsinchu, Taiwan, November 4, 2013 - Vanguard International Semiconductor Corporation today announced its third quarter financial results. Third quarter consolidated revenue was NT$5,590 million, net income around NT$1,226 million, and EPS of NT$0.76.
On a sequential basis, third quarter revenue increased 4% to NT$5,590 million, from NT$5,356 million in previous quarter. On a year-over-year comparison, revenue for the third quarter increased around 19%. Wafer shipment for the third quarter reached 425 thousand wafers, representing around 1% increase from 423 thousand wafers from the previous quarter. Gross margin to be around 34%.
For the fourth quarter of 2013, VIS spokesperson Mr. D.L. Tseng said, ˇ§As customers become conservative in wafer foundry demand post China golden week, we expect wafer shipment to decrease by a mid single digit percentage QoQ. Fab utilization rate to be around 100%. Gross profit margin to be low thirties percentage. The blended ASP to increase by a low single digit percentage QoQ.ˇ¨