|Hsinchu, Taiwan, April 29, 2014 - Vanguard International Semiconductor Corporation today announced its first quarter financial results. First quarter consolidated revenue was NT$5,507 million, net income around NT$1,343 million, and EPS of NT$0.83.
On a sequential basis, first quarter revenue increased 2% to NT$5,507 million, from NT$5,402 million in previous quarter. On a year-over-year comparison, revenue for the first quarter increased around 15%. Wafer shipment for the first quarter reached 428 thousand wafers, representing around 4% increase from 413 thousand wafers from the previous quarter. Gross profit margin was around 37%.
For the second quarter of 2014, VIS spokesperson Mr. D.L. Tseng said, ˇ§As customers keep strong wafer demand, we expect wafer shipment to increase by a low single digit percentage QoQ. Fab utilization rate to be slightly over 100%. Gross profit margin to be high thirties percentage. The blended ASP to increase by a low single digit percentage QoQ.ˇ¨