Winbond Announces the Financial Results for the First Quarter of 2011

Hsinchu, Taiwan, April 29, 2011- Winbond Electronics Corporation today announced the financial results for the first quarter of 2011. Revenue for the first quarter totaled NT$7.159 billion, down 7% QoQ and up 2% YoY. Net income for the first quarter was NT$118 million; earnings per share was NT$0.03.

In terms of product mix in first quarter, NOR Flash showed notable revenue growth. Revenue rose 8% QoQ and 50% YoY. 1.8V Serial Flash products have been qualified by major handset chipset customers. NOR Flash will migrate into 58nm in 2H11, which helps enhancing product competitive advantages.

Revenue for Mobile RAM decreased due to inventory adjustment and price erosion in the first quarter. Pseudo SRAM will continue to migrate to 65nm in 2H11. Low Power DRAM will start volume shipment to MCP customers in 2Q11.

As to Specialty DRAM, 65nm products accounted for 70% sales in March. Selling price for Specialty DRAM is expected to turn around in second quarter. Major growth driving force of Special DRAM will be in KGD, automotive, and industrial market.

As a whole, Winbond holds a cautious and positive perspective on 2Q11 business. Winbond will keep focusing on tier-1 customers by providing medium and low density memory products with high quality and stable delivery, and moreover, enhancing competitiveness with technology migration and product portfolio expansion. 

    James Wen
    Vice President of Finance Center & CFO

News Liaison
    Polly Fan
    Investor Relations Dept.

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