Faraday Reported 2012 Third Quarter Results
Third Quarter 2012 Highlights[1]:
- Year-over-year revenue increased 70.6% to NT$2,338 million (US$78.34million)
- Gross margin, 38.0%
- Net income of NT$322 million (US$10.79 million)
- Earnings per share of NT$0.80 for the quarter
Hsinchu, Taiwan –October,26 2012 – Faraday Technology Corporation (TSE: 3035), a leading fabless ASIC service and silicon IP provider, today announced its unconsolidated operating results for the quarter ended September 30, 2012. The third quarter revenue was NT$2,338 million, while net income and basic earnings per share came to NT$322 million and NT$0.80, respectively.
Contributed by the skyrocketing market demand in quarter three, the revenue of ASIC MP (mass production) is much higher than the original guidance, reaching another quarterly record-high result. Nevertheless, the relatively higher growth percentage of ASIC MP led to the decline of corporate margin, coming to 38%. In profit wise, the increase of RD expense is caused by advancing IP development schedule from quarter four to this quarter, driven by the more aggressive project planning in Communication sector.
Looking into the next quarter, despite of the high revenue base of quarter three, and the seasonal drop of some market sectors, the decline percentage is expected to be smaller than that of previous years, on account of the continuous and stable business contribution of major MP sector.
Summary of Operating Results
Detailed Financials Section
Analysis of Revenue
ASIC Revenue Breakdown by Geometry
Total Revenue Breakdown by Customer Type
Total Revenue Breakdown by Billing Method
ASIC Revenue Breakdown by Application
About Faraday
Faraday Technology Corporation is a leading silicon IP and fabless ASIC vendor. The company's broad IP portfolio includes 32-bit RISC CPUs, DSPs, PHY/Controllers for USB 2.0, Ethernet, and Serial ATA. With 2011 revenue of US$ 176 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: http://www.faraday-tech.com
|
Faraday Technology Corp. Hot IP
Related News
Breaking News
- Cadence Announces Most Comprehensive True Hybrid Cloud Solution to Provide Seamless Data Access and Management
- Dolphin Design expands GoAsic partnership to enhance the semiconductor Industry's Supply Chain
- Cadence Collaborates with MemVerge to Increase Resiliency and Cost-Optimization of Long-Running High-Memory EDA Jobs on AWS Spot Instances
- M31 Successfully Validates 5nm IP Solution to Empower Global AI Applications
- Cadence Unveils Palladium Z3 and Protium X3 Systems to Usher in a New Era of Accelerated Verification, Software Development and Digital Twins
Most Popular
- Rivos Raises More Than $250M Targeting Data Analytics and Generative AI Markets
- Semiconductor Capacity Is Up, But Mind the Talent Gap
- Zhuhai Chuangfeixin: OTP IP Based on 90nm CMOS Image Sensor Process Technology Successfully Mass Production
- CMC Microsystems and AIoT Canada Sign Memorandum of Understanding to support IoT and semiconductor ecosystem growth in Canada
- Microchip Technology Acquires Neuronix AI Labs
E-mail This Article | Printer-Friendly Page |