TAIPEI: Vanguard International Semiconductor Corp, which makes controller chips for LCD panels, posted its weakest monthly revenue in 29 months as shipments fell on sluggish demand here the other day.
Revenue contracted 7.65 percent to NT$1.69 billion (US$51.56 million) last month, compared with NT$1.83 billion in July. On an annual basis, revenue declined 11.4 percent from NT$2.05 billion.
“Due to fewer wafer shipments, sales for August decreased about 7.6 percent,” Vanguard spokesperson Tseng Dong-liang said in a statement.
The company said revenue this quarter would shrink by between 9.6 percent and 14.5 percent from NT$6.14 billion last quarter to between NT$5.25 billion and NT$5.55 billion, citing sluggish demand and high inventory.
In the first eight months, total revenue rose 3.99 percent to NT$16.07 billion, compared with NT$15.45 billion in the same period last year.
Separately, United Microelectronics Corp (UMC), the nation’s second-biggest contract chipmaker, saw revenue drop 4 percent monthly, but grow 6.79 percent annually to NT$12.7 billion last month, bringing total revenue in the first eight months to NT$100.56 billion, compared with NT$90.52 billion a year earlier.
Shares of Vanguard and UMC yesterday surged 6.95 percent and 2.7 percent to NT$40 and NT$11.4 respectively.
