Faraday Reported 2008 Fourth Quarter Results
Fourth Quarter 2008 Highlights [1]:
- Year-over-year revenue decreased 20.7% to NT$1,102 million (US$33.4million)
- Gross margin, 52.5%
- Net income of NT$122 million (US$3.7 million)
- Earnings per share of NT$0.34
Hsinchu, Taiwan -- January, 20 2009 -- Faraday Technology Corporation (TSE: 3035), a leading fabless ASIC design solution and silicon IP provider, today announced its unconsolidated operating results for the quarter ended December 31, 2008. The fourth quarter revenue was NT$1,102 million, while net income and basic earnings per share came to NT$122 million and NT$0.34 per share, respectively.
Owing to the change of product mix and increase in NRE, the gross margin of this quarter was 52.5%, increasing greatly compared to the previous quarter.
In Year 2008, the unconsolidated sales revenue were NT$1,102 million, gross margin and net margin were 52.5% and 14.4% respectively. EPS was NT$2.00.
The total revenue of 2008 slightly declined by 3.5% from 2007, which mainly resulted from the decrease of IP revenue. Yet the ASIC business, including mass production and NRE, in overseas market operated splendidly, representing Faraday's successful overseas marketing strategies and deployment, 14% growth overall, among which nearly 100% growth in China market. On application perspective, apart from the remarkable growth in communication and consumer electronic products, some niche applications in emerging markets are notable as well.
Looking into the future, Faraday is undertaking more precise cost control and consolidation of finance and operation constitution. In terms of technical and marketing expansion, notably, the proportion of SoC from Faraday ASIC shipment rises yearly, mainly contributed by Faraday's continuous endeavors to competitive CPU, high- speed I/O and design platforms. For high-speed IO, USB3.0 solution is expected to be launched in the lead by Q2 2009.
Summary of Operating Results
Operating Results
(Amount: NT$ million) | 4Q08 | 3Q08 | QoQ% change | 4Q07 | YoY% change |
Revenue | 1,102 | 1,473 | (25.2) | 1,390 | (20.7) |
Gross Profit | 578 | 638 | (9.3) | 722 | (19.9) |
Operation Expenses | (406) | (423) | (3.9) | (393) | 3.2 |
Operating Income | 172 | 215 | (20.0) | 329 | (47.6) |
Non-op. Income (Expenses) | (50) | 16 | (409.3) | 49 | (200.8) |
Net Income | 122 | 230 | (46.9) | 383 | (68.3) |
EPS (NT$ per share) | 0.34 | 0.65 | | 1.14 | |
Financial Tables
Click here to read financial tables
About Faraday
Faraday Technology Corporation is a leading silicon IP and fabless ASIC vendor. The company's broad IP portfolio includes Cell Library、Memory Compiler、 ARM -compliant CPUs、DDR-2、MPEG-4、H.264、USB 2.0、USB3.0、10/100 Ethernet、Serial ATA and PCI Express. With 2008 revenue of US$ 149 million, Faraday is one of the largest fabless ASIC companies in the Asia-Pacific region, and it also has a significant presence in other world-wide market. Headquartered in Taiwan, Faraday has service and support offices around the world, including the U.S., Japan, Europe, and China. For more information, please visit: www.faraday-tech.com.
|
Faraday Technology Corp. Hot IP
Related News
Breaking News
- Thalia's AMALIA 24.2 introduces pioneering estimated parasitics feature to reduce PEX iterations by at least 30%
- TSMC plans 1.6nm process for 2026
- Qualitas Semiconductor Partners with TUV Rheinland Korea to Enhance ISO 26262 Functional Safety Management System
- M31 has successfully launched MIPI C/D PHY Combo IP on the advanced TSMC 5nm process
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
Most Popular
- Controversial former Arm China CEO founds RISC-V chip startup
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Synopsys Accelerates Next-Level Chip Innovation on TSMC Advanced Processes
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing
E-mail This Article | Printer-Friendly Page |