Monday, January 6, 2020
Eight-inch foundry Vanguard International Semiconductor (VIS) expects its overall production capacity this year to grow over 15%, thanks to the completion of its acquisition of Globalfoundries' Fab 3E in Singapore.
VIS completed its takeover of the 8-inch fab facilities and equipment, as well as IP associated with Globalfoundries' MEMS business in Tampines, Singapore on December 31. The acquisition deal was reached in early 2019. VIS now operates the fab as its Singapore-based subsidiary.
The Taiwan-based foundry disclosed that it managed to retain as many as 95% of the 700 staff employed by Globalfoundries at the fab. With the addition of the Singapore-based fab, VIS' overall 8-inch fab capacity will surge by more than 15% in 2020, according to the specialty IC foundry.
VIS remains focused on the markets for power management ICs, display driver ICs and sensors, and is optimistic about its operations this year, said company chairman Fang Lueh.
In addition, VIS will likely see its fourth-quarter 2019 revenues meet the upper mid range of the guidance given at the end of October, according to Fang. VIS expects to post revenues of between NT$6.8 billion (US$223 million) and NT$7.2 billion in the fourth quarter of 2019, ranging from a 5% decrease to a 1% increase sequentially.
Fang continued that VIS may enjoy a particularly strong first quarter of 2020.
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