IC distributor WT Microelectronics Co., Ltd. (TAIEX: 3036) held the investor conference on August 28, reporting their 1H operating result, prospects for 2H and unveiling their new English name: “WT Microelectronics Co., Ltd.”

　WT’s consolidated revenue for the 1H was approx. NTD18.6 billion, representing a 21% YoY growth.  Consolidated gross profit for 1H rose to 6.9%, from last year’s 6.7%.  Gross profit in Q2 reached 7%.  The operating income (OM) for 1H of Y2007 was approx. 3.7%; consolidated EBT approximated NT$510 million.  Consolidated profit after tax was approx. NTD390 million, showing a nearly 40% growth.  EPS for the 1H reached NT$2.4..

　Currently 80% of WT’s group revenue comes from China, half of which is contributed by China enterprises.  These enterprises sold their products domestically to local market.  Given WT group’s comprehensive establishments in China, its revenue from China is expected to show continuous growth.

　WT emphasized their operations targets to adjust product mix continuously to improve gross profit and strictly control operating expenses.  They will also continue their efforts to increase product line & channel coverage, to pursue excellent supply chain management (SCM) and to provide their customers with professional application support.  WT has achieved significant breakthroughs in R&D, such as applying Hi-Definition H.264 CODEC technology in camcorder and DTV. Another remarkable achievement is Set-Top Box solutions. Such R&D capabilities enable WT to provide turnkey solutions to their customers.

　While Afatech, Corelogic and Vishay are expanding WT’s vendor list, along with Mstar and Richtek products, these new lines’ contributions will be reflected in the revenue in the second half of this year.