Vanguard boosts capital spending plan

TECHNOLOGIES:Chairman Leuh Fang said the firm is looking for new chips that can be produced at its 8-inch fabs, while power management ICs would provide high margins

Taipei Times
Date: May 05, 2016
By: Lisa Wang / Staff reporter

Vanguard International Semiconductor Corp (VIS, 世界先進) yesterday raised its capital spending projection for this year by 38 percent to finance new technology development after reporting a strong quarterly growth in net profit last quarter.

Vanguard, which makes power management ICs and controller chips for LCD panels, said it would spend NT$1.8 billion (US$55.62 million) on new equipment and facilities this year, compared with a previous estimate of NT$1.3 billion.

“This is a medium and long-term investment. We are investing in new technologies to explore new chips that can be made on our 8-inch wafer factories in the next five years to 10 years,” Vanguard chairman and president Leuh Fang (方略) said.

Vanguard plans to arrange for an unspecified equity investment in an overseas company to collaboratively develop this new technology to make new-generation power management chips.     [FULL  STORY]

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