SANTA CLARA, Calif. -- Siliconix Inc., a manufacturer of power MOSFETs and an 80.4% subsidiary of Vishay Intertechnology, Inc. has recorded sales of $94.9 million in the second quarter of 2002 up 30% on $73.3 million recorded in the same quarter a year earlier and 14% more than the sales of $83.6 million for the first quarter of this year.
This resulted in a net income of $11.2 million for the second quarter more than doubling the profit of $5.1 million made a year before.
Net income for the first half of 2002 was $19.4 million 27% more than the net income of $15.3 million, or $0.51 per share, for the first half of 2001. Sales for the first half of 2002 were $178.5 million, 11% more than the sales of $161.4 million for the first half of 2001.
"The improvement in our business that began in the fourth quarter of 2001 has continued into the second quarter of this year," said King Owyang, Siliconix president and chief executive officer, in a statement.
"The portable computer, lithium ion battery pack, and game console markets have been the principal drivers although there has been some uncertainty recently in the portable computer market, which led to softer bookings in Asia Pacific late in the second quarter and into the present quarter," he added.
He said that while desktop computer production was slower than expected it was balanced by a recent increase in the production of mobile phone handsets.