|Hsinchu, Taiwan, February 17, 2014 - Vanguard International Semiconductor Corporation today announced its fourth quarter financial results. Fourth quarter consolidated revenue was NT$5,402 million, net income around NT$1,129 million, and EPS of NT$0.7. Accumulated consolidated revenue for the year of 2013 totaled NT$21.14 billion, with after tax net income of NT$4.37 billion, and EPS of NT$2.71.
On a sequential basis, fourth quarter revenue decreased 3% to NT$5,402 million, from NT$5,590 million in previous quarter. On a year-over-year comparison, revenue for the fourth quarter increased around 13%. Wafer shipment for the fourth quarter reached 413 thousand wafers, representing around 3% decrease from 425 thousand wafers from the previous quarter. Gross margin to be around 33%.
For the first quarter of 2014, VIS spokesperson Mr. D.L. Tseng said, ˇ§As customers keep strong wafer demand, we expect wafer shipment to increase by 2%~4% QoQ. Fab utilization rate to be around 100%. Gross profit margin to be mid thirties percentage. The blended ASP to decrease by 3%~5% QoQ.ˇ¨