Faraday swings to profit in 1Q16

Jessie Shen, DIGITIMES, Taipei 0

Faraday Technology, a fabless ASIC/SoC and silicon IP provider, swung to net profits of NT$75 million (US$2.31 million) in the first quarter from losses of NT$77 million in the fourth quarter of 2015. EPS for first-quarter 2016 came to NT$0.30.

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