Winbond Announces the Financial Results for the Second Quarter of 2011

Hsinchu, Taiwan, August 05, 2011- Winbond Electronics Corporation today announced the financial results for the second quarter of 2011. Revenue for the second quarter totaled NT$7.42 billion, up 4% QoQ and down 13% YoY. Net income for the second quarter was NT$269 million; earnings per share was NT$0.08.

Winbond posted accumulated revenue of NT$14.579 billion, net income of NT$387 million, and earnings per share of NT$ 0.11 for the first half of 2011.

Specialty DRAM accounted for 42% of revenue in the second quarter. Good demand, stable pricing and increased shipments of 65nm products drove the revenue to grow 18% QoQ. The migration of 46nm technology remains on schedule, which is expected to enhance the cost competitiveness and meet various market demands.

Due to weak demand in China, revenue for Mobile RAM decreased about 10% QoQ but up 18% YoY. However, we will continue to serve our current customers with customized features of portable devices and penetrate into new handset platform market.

Revenue for NOR Flash rose 11% QoQ and 2% YoY due to expanded applications and growing demands from handset segment. 58nm Flash memory samples have been released to customers for qualification.

The debt crisis in the US and Europe may affect the global economy despite the seasonality in the third quarter. Winbond will try to minimize the impact of market change and maintain product competitiveness by focusing on better product mix and more advanced technology migration. As a whole, Winbond is cautious on 3Q11 business.


    James Wen
    Vice President of Finance Center & CFO

News Liaison
   Vick Liu
    Investor Relations Dept.
    Email HYLiu4@winbond.com

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