Nuvoton Technology Announced 2010 Financial Reports
Hsinchu, Taiwan, R.O.C. – Nuvoton Technology (TWSE: 4919) held Board of Directors meeting today (26), and approved 2010 financial statements audited by CPA. The consolidated revenue for 2010 is approximately NT$7,941 million, an increase of 12% yearly, a net income of NT$835 million, an approximately 100% growth compared to last year and EPS of NT$4.13.
Nuvoton’s consolidated revenue for fourth quarter of 2010 is NT$1,681 million. According to Nuvoton, computer IC are produced and assembled in advance because of the growing demand during the Chinese Lunar New Year, leading to a less obvious traditional low season. As for consumer IC and wafer foundry business, the fourth quarter remains the traditional low season. Furthermore, due to New Taiwan Dollar appreciated substantially over the third quarter, the revenue of fourth quarter declined compared to third quarter. However, even under the disadvantage of New Taiwan Dollar appreciation, with the benefit from the improved product portfolio of new generation of learning machines (ELA), game IC and computer IC for Intel’s new platform Sandy Bridge, foreign exchange hedging properly and operating efficiency, net profit of fourth quarter still grew 9% yearly. Net profit of fourth quarter 2010 is NT$95 million and EPS is NT$0.45.
Nuvoton Technology is optimistic about the business for first quarter of 2011. The application domain of ARM® Cortex™-M0 is expected to expand in touch and other areas. The new product sales of Embedded SIO for All-In-One (AIO) system and high-end motherboard will also have a continuous growing demand. These new products are expected to make a significant contribution to the revenue and profit for first quarter of 2011.
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 /sites/nuvoton/
Tel: +886-3-5770066 ext. 3118
Tel: +886-3-5770066 ext.3120