SAN JOSE, Calif. - Taiwan specialty foundry vendor Vanguard International Semiconductor Corp. (VISC) reported second-quarter revenue of NT$4.234 billion ($133 million), up 18.5 percent from the first quarter and up 23.3 percent from a year ago.
Net income was NT$567 million ($18 million) in the quarter, up 157.5 percent from the previous quarter and up 279.4 percent from a year ago.
Wafer shipment for the second quarter reached 307,000 wafers, representing around 16 percent increase from 265,000 wafers from the previous quarter.
For the third quarter of 2010, VISC (Hsinchu) expects wafer shipment to
increase by a high single digit percentage quarter-over-quarter. Fab
utilization rate is expected to be close to 100 percent in Q3, compared
to 97 percent in Q2.
Founded in 1994, VISC is a spin-off of Taiwan's Sub-Micron Project, sponsored by the Industrial Technology Research Institute (ITRI). Original investors include Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) and 13 other institutional investors. TSMC is still VISC's biggest shareholder.
VISC was founded with the primary focuses on the production and development of DRAM and other memory IC. In 2000, VISC officially announced its plan to transform from a DRAM manufacturer into a foundry service provider. In February 2004, VIS completely terminated its DRAM production and became a pure-play foundry company.
It competes against MagnaChip, TowerJazz, X-Fab and others.