Faraday Technologies reports unconsolidated 2010 results

Fabless ASIC service and silicon IP provider Faraday Technology has announced its unconsolidated operating results for the quarter ended 31 December 2010.

The fourth quarter revenue was TWD1,529m (£32.2m), while net income and basic earnings per share came to TWD112m and TWD0.31, respectively.

In the year 2010, the unconsolidated sales revenue was TWD6,280m while gross margin and net margin was 42.3 per cent and 13.6 per cent, respectively.

The overall revenue of 2010 increased by 22.5 per cent from 2009, mainly contributed to by 30 per cent growth of NRE and 25 per cent of IP.