VIA Announces 3Q’03 Results

Quarterly sales up over 35%, net income growth of over NT$1 billion

Taipei, Taiwan, 31st October 2003 – VIA Technologies, Inc, a leading innovator and developer of silicon chip technologies and PC platform solutions, today announced financial results for third quarter 2003.

Net sales for 3Q’03 were NT$5,468 million, and net income was NT$46 million; this represents an increase in sales revenue of NT$1,427 million (US$ 42.3 million approx), or 35.3% over Q2’03 sales of NT$4,041 million, while net income rose by NT$1,116 million (US$34.4 million approx) over the previous quarter.

Based on the current 1,253.822 million shares outstanding, earnings per share were reported as NT$0.04.

Table 1: Income Statements

    3Q03   1Q03-3Q03
(in NT$Million, except EPS)   Amount %   Amount %
Net Revenue   5,468 100.0%   15,211 100.0%
Cost of Goods Sold   (3,811) -69.7%   (11,136) -73.2%
 Gross Profit   1,657 30.3%   4,075 26.8%
Operating Expenses   (1,122) -20.5%   (3,912) -25.7%
 Operating Profit   535 9.8%   163 1.1%
Non-Operating Income   155 2.8%   366 2.4%
Non-Operating Expenses   (629) -11.5%   (2,274) -14.9%
 Income Before Tax   61 1.1%   (1,744) -11.5%
Income Tax Credit (Expense)   (15) -0.3%   30 0.2%
Net Income   46 0.8%   (1,715) -11.3%
EPS (1,253,822K shares, treasury shares excluded)   $0.04     ($1.37)  

Table 2: Balance Sheet

    Sept 30th, 2003
(in NT$Million)   Amount %
Cash & ST Investment   5,154 16.8%
Receivables   4,422 14.5%
Inventory   3,116 10.2%
Other Current Assets   1,761 5.8%
 Total Current Assets   14,453 47.3%
LT Investment   12,157 39.7%
Fixed & Other Assets   3,977 13.0%
 Total Assets   30,588 100.0%
Current Liabilities   8,744 28.6%
LT Debt   0 0.0%
Other Liabilities   203 0.7%
 Total Liabilities   8,947 29.3%
 Total Shareholders’ Equity   21,640 70.7%

VIA PR Contacts

International:
Richard Brown
Phone: (886)-2-2218-5452 #6201
Fax: (886-2)-2218-5453
Email: Richard_Brown@via.com.tw

Note to reporters, editors and writers: VIA is spelled in ALL CAPS.

All product or service names mentioned herein are the trademarks of their respective owners.

VIA Technologies, Inc.