"With the weak demand in the consumer terminal market, the supply chain is actively managing inventory," said Amanda Huang, vice president and chief financial officer of VIS. Due to the decline in the capacity utilization rate of the wafer factory, the gross profit margin of this foundry, which only operates an 8-inch wafer factory, will also fall below 50% in the third quarter. ftEesmc
VIS announced a net profit of NT$ 4.89 billion and revenue of NT$ 15.3 billion in the second quarter of 2022. Both achievements hit record highs. Earnings per share for this quarter was NT$ 2.94. ftEesmc
VIS’s gross profit margin increased by 1.6 percentage points month-on-month and 9.1 percentage points year-on-year to 50% in the second quarter of 2022. The company’s operating profit in the second quarter was NT$ 5.91 billion, up 18.5% month-on-month and nearly 98% year-on-year. The same period in 2021. ftEesmc
VIS’s net profit in the first half of 2022 was 8.98 billion yuan, up 86.5% year-on-year, and its earnings per share reached 5.39 yuan. ftEesmc
VIS estimates that the revenue in the third quarter is between 12.9 billion yuan and NT$ 13.3 billion, the gross profit margin is between 44% and 46%, and the operating profit margin is between 32.5% and 34.5%. ftEesmc
According to the 8-inch foundry, VIS is working closely with its customers and equipment suppliers to cope with the fluctuation of end market demand. VIS said it has slightly lowered its capital expenditure outlook in 2022, adding that 90% of it will be used for capacity expansion of its Fab 3 and 5. ftEesmc