Vanguard International Semiconductor), a Taiwanese wafer foundry, posted a significant revenue increase in September, marking its strongest monthly performance in over two years. The company reported consolidated revenue of NT$4.614 billion (US$143.5 million), up 34% from the same period last year and 27% from the previous month.
The surge in revenue was primarily attributed to growth in wafer shipments, according to Amanda Huang, Vanguard’s Vice President, Finance and Chief Financial Officer. This boost pushed the company’s monthly sales to a 25-month high, signaling a potential turnaround in the semiconductor market.
For the first nine months of the year, Vanguard’s cumulative revenue reached NT$32.502 billion (US$1.01 billion), representing a 13.65% increase compared to the same period in 2023. This growth trajectory suggests the company may be benefiting from the global chip shortage and increased demand for semiconductor products.
While the results are promising, investors should remain cautious as the semiconductor industry is known for its cyclical nature and susceptibility to global economic fluctuations. The company’s ability to sustain this growth in the face of ongoing market challenges will be crucial to watch in the coming months.
