VIA Announces 4Q’07 and 1Q’08 Results

Taipei, Taiwan, 30 April 2008 – VIA Technologies, Inc, a leading innovator of power efficient x86 processor platforms, today announced financial results for fourth quarter 2007 and first quarter 2008.

Net sales for 4Q’07 and 1Q’08 were NT$ 2,502 million and NT$ 2,683million respectively. Net income for the two quarters were negative NT$ 2,310 million and negative NT$ 481 million respectively; based on the weight average shares outstanding of 1,291.239 million shares and 1,291.517 million shares, earnings per share were reported as negative NT$1.79 and negative NT$0.37 for 4Q’07 and 1Q’08 respectively.

For the whole year 2007, net sales totaled NT$ 14,674 million and net income for the year were negative NT$ 4,938 million; based on weight average shares outstanding of 1,291.239 million shares, earnings per share for the year were reported at negative NT$3.82.

Quarterly Income Statements

4Q07

4Q06

(in NTD millions, except EPS)

Amount

%

Amount

%

Net Revenue

2,502

100.0%

3,766

100.0%
Cost of Goods Sold

(1,703)

-68.1%

(3,037)

-80.6%
   Gross Profit

799

31.9%

729

19.4%
Operating Expenses

(1,152)

-46.0%

(1,349)

-35.8%
   Operating Profit

353

-14.1%

(620)

-16.4%
Non-Operating Income

533

21.3%

(300)

-8.0%
Non-Operating Expenses

(1,975)

-78.9%

(873)

-23.2%
   Income Before Tax

(1,795)

-71.7%

(1,793)

-47.6%
Income Tax Credit (Expense)

(515)

-20.6%

(76)

-2.0%
Cumulative Effect of Changes in Accounting Principles  (Net of Tax)

0

0.0%

0

0.0%
Net Income

(2,310)

-92.3%

(1869)

-49.6%
EPS (1,291.239 M shares)

-$1.79

-$1.45

1Q08

1Q07

(in NTD millions, except EPS)

Amount

%

Amount

%

Net Revenue

2,683

100.0%

3,869

100.0%
Cost of Goods Sold

(2,020)

-75.3%

(3,018)

-78.0%
   Gross Profit

663

24.7%

851

22.0%
Operating Expenses

(755)

-28.1%

(1,084)

-28.0%
   Operating Profit

(92)

-3.42%

(233)

-6.0%
Non-Operating Income

343

12.8%

82

2.1%
Non-Operating Expenses

(714)

-26.6%

(812)

-21.0%
   Income Before Tax

(463)

-17.2%

(963)

-24.9%
Income Tax Credit (Expense)

(18)

-0.7%

(80)

2.1%
Cumumlative Effect of Changes in Accounting Principles  (Net of Tax)

0

0.0%

0

0.0%

Net Income

(4817)

-17.9%

(1,043)

-27.0%

EPS (1,296.067 M shares)

-$0.37

-$0.81

Annual Income Statements

2007 Full Year

2006 Full Year

(in NTD millions, except EPS)

Amount

%

Amount

%

Net Revenue

14,674

100.0%

21,450

100.0%

Cost of Goods Sold

(11,223)

-76.5%

(16,025)

-74.7%

   Gross Profit

3,451

23.5%

5,425

25.3%

Operating Expenses

(4,281)

-29.2%

(5,313)

-24.8%

   Operating Profit

(830)

-5.7%

112

0.5%

Non-Operating Income

914

6.2%

327

1.5%

Non-Operating Expenses

(4,378)

-29.8%

(1,393)

-6.5%

   Income Before Tax

(4,294)

-29.3%

(954)

-4.5%

Income Tax Credit (Expense)

(644)

-4.4%

(201)

-0.9%

Cumulative Effect of Changes in Accounting Principles  (Net of Tax)

(0)

0.0%

(0)

0.0%

Net Income

(4,938)

-33.7%

(1,155)

-5.4%

EPS (1,296.067 M shares)

– $3.82

– $0.90

Balance Sheet

(in NTD, millions) Dec. 31, 2007 Mar. 31, 2008
 

Amount

%

Amount

%

Cash & Cash Equivalents

4,568

39.4%

3,494

23.0%

Cash & Investment in Marketable

Investment in Marketable Financial Instruments

2,057

12.2%

2,336

15.4%

Receivables

1,245

7.4%

1,720

11.3%

Inventory

2,603

15.5%

1,668

11.0%

Other Current Assets

741

4.4%

815

5.4%

   Total Current Assets

11,213

66.7%

10,033

66.1%

LT Investment

2,806

16.7%

2,586

17.0%

Fixed & Other Assets

2,789

16.6%

2,567

16.9%

   Total Assets

16,809

100.0%

15,186

100.0%

Current Liabilities

4,543

27.0%

3,528

23.2%

LT Debt

1,675

10.0%

1,675

11.0%

Other Liabilities

747

4.4%

741

4.9%

   Total Liabilities

6,965

41.4%

5,944

39.1%

   Total Shareholders’ Equity

9,844

58.6%

9,242

60.9%

About VIA Technologies, Inc.

VIA Technologies, Inc. (TSE 2388) is the foremost fabless supplier of market-leading core logic chipsets, low power x86 processors, advanced connectivity, multimedia, networking and storage silicon, and complete platform solutions that are driving system innovation in the PC and embedded markets. Headquartered in Taipei , Taiwan , VIA’s global network links the high tech centers of the US , Europe and Asia , and its customer base includes the world’s top OEMs, motherboard vendors and system integrators. www.via.com.tw.

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

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

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