Nuvoton Technology Announces Financial Results for the First Quarter of 2012
Hsinchu, Taiwan, R.O.C. - April 23, 2012 - Nuvoton Technology Corp. (TWSE: 4919) today (23) announces the preliminary financial results for the first quarter of 2012. The consolidated revenue of the first quarter are approximately NT$1,639 million, an increase of 4% from the previous quarter and a decrease of 2 % compared to the first quarter of 2011. The net income are NT$100 million, with EPS of NT$0.48, an increase of 114% from the previous quarter and an increase of 64% compared the first quarter of 2011.
On the overall operating performance of the first quarter 2012, the gross margin rate is risen 1.8% to 40.04%, and the revenue is approximately 80.8% from IC Business, and 19.2% from Foundry Service Business divided by the business groups. For IC business, during 2012 Q1, Nuvoton Technology releases many new products, including Low Power ARM® Cortex™-M0 32-bit microcontroller, new computer IC (applicable for Ultrabook, new NB platform and cloud computing data center), and ELA (Education Learning Aid) processor, which are positive to the revenue and gross margin, and effective defense of the NTD appreciation and the weakness of economic situation in Europe and America. For foundry business, benefited from the increased demand of power management technology, the customer early response to the coming hot season and the raise of foundry service business, the revenue and production efficiency get growth as well.
The second quarter of 2012 will gradually enter the traditional peak season for consumer electronics industry, and the coming hot season- the third quarter- for computer IC industry. Nuvoton Technology will continually launch many new products, including the latest ARM® Cortex™-M0 32-bit MCU-NuMicro™ Nano series, and expand the application field and customers of MCU and Audio Enhancement IC to set the pace and grasp opportunities for the peak season. Moreover, Nuvoton will also keep pursuing the optimum operation performance by internal management and portfolio optimization.
*Note: Nuvoton and NuVoice are registered trademarks of Nuvoton Technology Corp. All other trademarks and copyrights mentioned herein are the property of their respective owners.
About Nuvoton
Nuvoton Technology Corp. was established as a spin-out of Winbond Electronics’ Logic business group, starting operation in July, 2008 and IPO in September , 2010. Nuvoton Technology focuses on the R&D and sales in logic ICs, and leads in global market shares of speech ICs and computer related application ICs. Nuvoton owns a six-inch wafer fab, featuring in special niche process. Besides in-house IC products, the wafer fab also provides part of its capacity for foundry services. Nuvoton Technology provides high cost performance products for its customers by means of flexible technology innovation capabilities, full product solutions and excellent integration of technology synergy. Nuvoton offers superior services based on existing solid foundation and continues to realize its vision: "Be an indispensable partner to industry leaders." Nuvoton values the long-term relationship with its partners and customers; the company has established subsidiaries in the USA, China and Israel to strengthen regional customer support and global management. For more information, please visit www.nuvoton.com
Spokesperson:
Hsiang-Yun Fan
Tel: +886-3-5770066 ext. 3118