Vanguard International Semiconductor : VIS Quarterly Sales Report – The Second Quarter 2023
August 01, 2023 at 03:26 am
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VIS Quarterly Sales Report - The Second Quarter 2023
Date:2023-08-01
Hsinchu, Taiwan, August 1st, 2023 - Vanguard International Semiconductor Corporation today announced its consolidated revenue of NT$9,854 million, net income of NT$1,995 million, and EPS of NT$1.21 for the second quarter 2023.
Quarter-over-quarter, the second quarter revenue increased around 20.4% to NT$9,854 million from NT$8,187 million in previous quarter. Year-over-year, revenue for the second quarter decreased around 35.6%. Gross profit margin for the second quarter stayed flat at 30.0% and operating profit margin was around 18.3%.
"Due to the slow end market demand, we see a muted recovery in 3Q23." said Amanda Huang, Vice President & CFO of VIS. Based on the current business outlook, the performance of the third quarter 2023 is expected to be as below:
VIS - Vanguard International Semiconductor Corporation published this content on 01 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2023 07:25:06 UTC.
Vanguard International Semiconductor Corporation is a Taiwan-based integrated circuit (IC) foundry service provider. The Company provides wafer foundry services, including complementary metal-oxide semiconductor (CMOS), general logic ICs, high voltage ICs, mixed signal ICs, analog ICs, radio frequency (RF) ICs, ultra-low power CMOS ICs, bipolar-CMOS-double diffused metal-oxide semiconductor (DMOS) and CMOS image sensor processing services. It also provides multiple project wafer (MPW) services, mask services and design services. The Companyâs products and services are applied in the manufacture of computers and peripheral products, communication products and consumer electronics, such as liquid crystal display (LCD) monitors, mobile phones, local area network (LAN) devices, switches, handheld navigation products, digital televisions (TVs) and others.