Vanguard meets earnings expectations

VIRUS IMPACT: Chairman Fang Leuh said because of increased demand for high-end laptops and TVs, 8-inch wafers would continue to be in short supply through next year

Taipei Times
Date: Aug 31, 2020
By: Chen Cheng-hui / Staff reporter

Vanguard International Semiconductor Co (VIS, 世界先進) on Saturday said that its revenue and earnings for this year are expected to continue growing, after its performance in the first eight months of the year met expectations.

Hsinchu-based Vanguard is a specialty IC foundry service provider, specializing in LCD driver ICs and logic ICs, as well as power management ICs and complementary metal-oxide semiconductor image sensors.

In the first eight months, Vanguard’s accumulated revenue rose 15.09 percent year-on-year to NT$18.78 billion (US$636.16 million), company data showed.

At a family day event for company employees in the Leofoo Village Theme Park (六福村) in Hsinchu County on Saturday, Vanguard chairman Fang Leuh (方略) said that the company was grateful to be able to hold the event, as many families and individuals have been affected by the COVID-19 pandemic worldwide.    [FULL  STORY]