Faraday releases first-quarter figures

Faraday, a fabless application-specific integrated circuit (ASIC) design-solution and silicon IP provider, has announced its unconsolidated first-quarter revenue of TWD1.5m (£30m), while net income and basic earnings per share came to TWD211m and TWD0.58, respectively.

IP revenue had increased by 28.1 per cent compared with last quarter, while communication had seen 93 per cent quarter-on-quarter growth and display a 43.3 per cent rise.

As a result of the relatively significant growth of IP and communication ASICs, the gross margin of the first quarter achieved 42.5 per cent, with a 0.8 per cent quarter-on-quarter increase.