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Monthly Sales Report - Nov. 2004
Hsinchu, Taiwan, Dec. 09, 2004 - Vanguard International Semiconductor Corporation, a leading specialty IC foundry service provider, today announced net sales of NT$ 1,237 million for November 2004. For the period of January to November 2004, accumulated sales totaled NT$ 14,847 million, an increase of 52.31% compared with NT$ 9,487 million for the same period in 2003.

Sales for November grew 12.13% on a year-over-year basis, but fell 8.6% from October 2004.

VIS spokesperson Mr. Daniel Chen said, ˇ§The drop in November sales was caused mainly by customer's increased pressure on inventory level, with impact on our wafer shipments to decrease by an estimated amount of around 15% for the fourth quarter. We also estimate utilization rate to be around 90% compared to the previous forecast of 85%, ASP to remain relatively flat, margin to decline from 41% to 37%, and EPS to exceed financial forecast even after an upward adjustment of our initial target.ˇ¨

ˇ§We anticipate customer's pressure on excessive inventory to continue in the first quarter of 2005.ˇ¨ Said Daniel Chen. ˇ§ Because of low market visibility, at the same time, facing the low season next quarter, results for first quarter 2005 is expected to be lower than fourth quarter this year. However, due to the advantage in our cost structure, as well as ongoing efforts to maintain our operational competitiveness in the coming year, we are optimistic about market growth and outlook.ˇ¨

 
Sales Report UnitˇGNT$ Thousand
NetSales
2004*
2003
Growth(Decrease)
Growth(Decrease)%
November
1,237,433
1,103,530
133,903
12.13%
January through November
14,847,344
9,748,003
5,099,341
52.31%
*Year 2004 figures have not been audited.


Media Contacts:
Daniel Chen
Spokesman
General Counsel, Vice President of Administration
Vanguard International Semiconductor Corporation
Tel: 886-3-5770355 ext.2009
Fax: 886-3-5773504
E-mail: Vanguard_PR@vis.com.tw

Michelle Chang
Public Relations
Vanguard International Semiconductor Corporation
Tel: 886-3-5770355 ext.1900
Fax: 886-3-5773504
E-mail: ijchang@vis.com.tw