Winbond Announces the Financial Results for the First Quarter of 2014

Hsinchu, Taiwan, Apr. 25, 2014- Winbond Electronics Corporation today announced the financial results for the first quarter of 2014. On a consolidated basis including members of Winbond Electronics Corp. and Nuvoton Technology Corp. etc., net sales were NT$8.751 billion, up 5% QoQ. Gross margin was 26%. Net income for the first quarter was NT$397 million; earning per share was NT$0.10.

As far as memory business is concerned, revenue in the first quarter from Specialty DRAM accounted for 52% of net sales. The Specialty DRAM revenue was up 6% QoQ due to slight ASP increase and increased shipments in networking and HDD applications. Revenue in the first quarter from Mobile DRAM accounted for 12% of net sales, up 17% QoQ thanks to the contribution of 46nm products and the increased shipments in both 512Mb and 1Gb Low Power DDR1 products. Revenue in the first quarter from Flash Memory accounted for 36% of net sales. Price erosion of Flash Memory slowed down and revenue remained flat as more shipment of higher density products.

Corporate Spokesperson
James  Wen
Finance Center  Vice President
TEL: 886-3-5678168

News Liaison
Mandy  Wang
Investor Relationship Dept.
TEL: 886-3-5678168 #81477

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