|
Fab / (Wafer Size) |
2Q13 |
1Q13 |
|
Shanghai Mega Fab (8") |
90,000 |
90,000 |
|
Shanghai 12-inch Fab (12") |
18,000 |
14,150 |
|
Beijing Mega Fab (12") |
81,000 |
81,000 |
|
Tianjin Fab (8") |
34,500 |
34,450 |
|
Total monthly wafer fabrication capacity |
223,500 |
219,600 |
|
| ||
|
Note: | ||
|
* Wafers per month at the end of the period in 8" equivalent wafers, calculated on a 30-day basis for comparison purposes | ||
- Monthly capacity increased to 223,500 8-inch equivalent wafers in 2Q13 from 219,600 8-inch equivalent wafers in 1Q13, primarily due to the expansion of capacity in our Shanghai 12-inch fab.
Shipment and Utilization
|
8" equivalent wafers |
2Q13 |
1Q13 |
QoQ |
2Q12 |
YoY |
|
Wafer shipments |
687,651 |
631,776 |
8.8% |
557,683 |
23.3% |
|
Utilization rate(1) |
98.5% |
89.0% |
- |
95.2% |
- |
|
| |||||
|
Note: | |||||
|
(1) Based on total equivalent wafers out divided by estimated total quarterly capacity. | |||||
Detailed Financial Analysis
Gross Profit Analysis
|
Amounts in US$ thousands |
2Q13 |
1Q13 |
QoQ |
2Q12 |
YoY |
|
Cost of sales |
406,075 |
403,321 |
0.7% |
320,110 |
26.9% |
|
Depreciation |
107,759 |
127,339 |
-15.4% |
91,184 |
18.2% |
|
Other manufacturing costs |
295,840 |
275,537 |
7.4% |
228,344 |
29.6% |
|
Share-based compensation |
2,476 |
445 |
456.4% |
582 |
325.4% |
|
Gross profit |
135,227 |
98,288 |
37.6% |
101,715 |
32.9% |
|
Gross margin |
25.0% |
19.6% |
- |
24.1% |
- |
- Cost of sales was $406.1 million in 2Q13, up 0.7% QoQ from $403.3 million in 1Q13.
- Depreciation within the cost of sales decreased in 2Q13 relative to 1Q13 primarily due to significantly higher fab utilization; as a result, depreciation expense was distributed to a greater number of wafers produced and to inventory costs as of the period end.
- Other manufacturing costs within the cost of sales increased in 2Q13 relative to 1Q13 primarily due to an increase in wafer shipments.
- Gross profit was $135.2 million in 2Q13, an increase of 37.6% QoQ from $98.3 million in 1Q13.
- Gross margin was 25.0% in 2Q13, up from 19.6% in 1Q13 primarily due to significantly higher fab utilization in 2Q13.
