Nuvoton Technology Announced 2011 Financial Reports
Hsinchu, Taiwan, R.O.C. - Nuvoton Technology (TWSE: 4919) held Board of Directors meeting today (19), and approved 2011 financial statements. The consolidated revenue for 2011 is approximately NT$7,342 million, net income of NT$426 million, EPS of NT$2.05.
The consolidated revenue for the fourth quarter of 2011 is NT$1,570 million, 85.9% from general IC and 14.1% from foundry service. According to Nuvoton, fourth quarter is traditionally the off-season for IC industry; plus the hard drive shortage resulted from floods in Thailand also affected computer IC shipments. In addition, the poor economic conditions in Europe and America also deteriorate the revenue of the fourth quarter. Fortunately, because the benefits of portfolio optimization continued fermentation, the newly launched Audio-Enhancement chip and the embedded flash memory process of foundry business both performed well in the fourth quarter, and Taiwan dollar's exchange rate is weaker against the U.S. dollar than the previous quarter, the gross margin of the fourth quarter improved significantly over the previous quarter.
Looking into the economic condition of the first quarter of 2012, Nuvoton said that, the first quarter is the traditional off-season for general IC and foundry industry; the speed of recovery of hard drive shortage is the key point of observation. Meanwhile, Nuvoton will accelerate new product development and time to market. As for general IC, Nuvoton will officially launch the low-power ARM® Cortex™-M0 32-bit microcontroller in the first quarter and the new Super I/O (input/output) chip and Embedded Controller in correspondence with Intel Ivy Bridge processor. In addition, the new ELA (Education Learning Aid) processor will also be officially unveiled in the first quarter, which primary targeting at markets in Mainland China. The new processor is expected to become the new tool for manufacturers of education learning and poured new momentum for Nuvoton’s future growth. In the foundry business, Nuvoton will launch 0.35um 5V process specializing in power management to echo the needs for global energy-saving industry in the first quarter of 2012. The above development of new products and new processes fully presents Nuvoton’s competitive advantages－"customers are strategic partner”, "rich system application knowledge and platform technology” and "technology synergy of cross-border R&D”; so that it can effectively grasp market trends, help customers enter the market and truly realize the corporate vision as “an indispensable partner to industry leaders.”
*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