Vanguard proposes record cash payout
Vanguard International Semiconductor Corp (世界先進), a supplier of display driver ICs and power management chips, yesterday said that its board of directors approved the distribution of a record cash dividend of NT$4.5 per share following a record net profit. The Hsinchu-based chipmaker’s net profit last year increased 87 percent to NT$11.82 billion (US$425 million), up from NT$6.31 billion in 2020, due to supply constraints, a company filing with the Taiwan Stock Exchange showed. That translated into earnings of NT$7.21 per share, up from NT$3.85 a year earlier. The proposed cash divid...