Winbond Announces the Financial Results for the Third Quarter of 2009

(Taipei News) Winbond Electronics Corporation today announced the results of audited financial statements for the third quarter of 2009 which has been approved by the Board of Directors in the meeting held on October 27, 2009. Net sales totaled NT $5.694 billion, an increase of approximately 36 percent when compared with NT $4.2 billion in the previous quarter. Net loss after tax was NT$983 million. Net loss per share was NT$0.27, an improvement compared to the loss of the second quarter in 2009. The accumulated revenue from January to September of this year was NT$13.025 billion. Net loss after tax was NT$8.955 billion. Net loss per share was NT$ 2.46.

Winbond has obviously achieved continuous quarter-over-quarter improvements in its net sales, gross margin, net loss and net loss per share, and further remained a positive net cash flow from operating activities, with increased product shipments, higher ASPs and full utilization rates driven by demands in the traditionally hot season and a slow recovery from the economic downturn.

During the third quarter, Winbond has continued making its utmost efforts to improve operation results while strengthened product advantages and expanded market shares. In terms of Specialty DRAM, revenue and gross margin grew QoQ attributable to better product mix and cost reduction. As for Mobile RAM segment, revenue went backed to the normal state as a result of the strong cell phone MCP memory market in China. Driven by strong market demand, NOR Flash business also delivered a steady performance. Furthermore, the Company explores new business opportunities in the blooming graphic market by entering a product transfer and technology licensing agreement for Graphic DRAM with insolvency administrator of Qimonda AG.

Looking forward to the forth quarter, a positive growth in Specialty DRAM business encouraged by increasing shares in HDD, LCD TV, Networking and STB applications will be expected. Demands from new customers will also lead Mobile RAM business ramp up. With benefits of production technology and cost optimization migrated to 300mm wafer fab, revenue and gross margin of NOR Flash will keep growing. While reducing dependence on commodity DRAM, new GDDR products will enter mass production in the first quarter of 2010. As a whole, Winbond will hold an optimistic outlook on the macro economic environment and speed up its efforts to deliver a complete portfolio, optimum quality and support service of specialty memory products in the future.

    Wilson Wen
    Executive Vice President of Memory IC Manufacturing Business Group 

News Liaison
    Mike Liu
    Deputy Director

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