Home > News & Events > Press Center

Contact VIS
VIS Reports First Quarter Revenue of NT$2,228 Million and Earnings Per Share of NT$0.68
Hsinchu, Taiwan, April 29, 2005- Vanguard International Semiconductor Corporation, a leading specialty IC foundry service provider today announced its first quarter financial results. First quarter revenue was NT$2,228 million, generating income before tax of NT$1,055 million, and net income after tax of NT$995 million, or NT$0.68 per share ˇ¨

First quarter revenue fell by approximately 39% from the previous quarter. Net income and earnings per share dropped by 36% respectively from last quarter, and 9% on a year-over-year comparison.

Wafer shipment of 104,000 wafers for the first quarter 2005 fell 26% from 140,000 in the fourth quarter of 2004 mainly because of continuing inventory adjustment among customers. Average utilization rate decreased to 64% from 87% of last quarter, and gross margin from 34% to 22%. On the whole, results for the first quarter were in line with our forecast announced on January 31.

As for the second quarter outlook in 2005, VIS spokesperson Mr. Daniel Chen said, ˇ§Recent market research reports show that inventory level in the semiconductor industry is declining compared with fourth quarter of last year and customer's demand is on the rise.ˇ¨

Guidance for second quarter 2005 is as follows:

1. Wafer shipment to increase by about 20% q-o-q;
2. Fab utilization rate to be about 75%;
3. Gross margin to be in the range of 25% - 27%;
4. Blended ASP to decline by a low single digit percentage point q-o-q

Media Contacts:
Daniel Chen
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