Home > News & Events > Press Center
 

 
 
VIS-Online  
Contact VIS
 
 
 
PRESS CENTER
VIS Reports 2004 Revenue OF NT$15,879 million and Earnings Per Share of NT$3.24
Hsinchu, Taiwan, Jan. 31, 2005- Vanguard International Semiconductor Corporation, a leading specialty IC foundry service provider, held the investor conference today, at which fourth quarter financial results were announced. Fourth quarter revenue was NT$3,624 million, generating after tax earnings of NT$1,564 million, or NT$1.07 per share. Accumulated revenues for the year of 2004 totaled NT$15,879 million, representing a 46% increase from the year of 2003, and after tax earnings was NT$4,755 million, or NT$3.24 per share, which was up 2,540% year-over-year.

Compared with 168,000 wafers shipped in the third quarter, wafer shipments dropped to 140,000 in the fourth quarter because of weak market demand and inventory adjustment among some customers. However, the fourth quarter shipments rose 8.5% compared with 129,000 wafers shipped for the same period in 2003. Due to declined shipments, the fourth quarter utilization rate also decreased to 87% compared with 105% in the third quarter. Gross margin fell 3.4% to 34% in the fourth quarter.

Last year marked the 10th year anniversary of VIS. In addition to completely terminating its DRAM production in July 2004, VIS has successfully transformed into a 100% pure-play foundry, and completed capital restructuring to improve financial structure in October. In 2004, the wafer shipments totaled 616,000 wafers and average utilization rate reached 99%, both set record high. Furthermore, 2004 revenue was the highest since year 2000. Before tax earnings reached NT$5,820 million, and NT$4,755 million after tax, both indicators exceeded 2004 financial forecast even after an upward adjustment of the initial target.

As for the first quarter outlook in 2005, VIS chairman and president Paul Chien said that wafer shipments would drop further as customers continue to adjust inventory level. With first quarter being the traditional low season, VIS estimates wafer shipments to drop 25-30%, utilization rate to fall in the 65-70% range, ASP to decline 12-15%. Capital expenditure for the year of 2005 is expected to be approximately NT$1,400 million.
 
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