Vanguard International Semiconductor (VIS) held its earnings call on January 3, 2026, projecting wafer shipments to rise 1-3% quarter-over-quarter in the first quarter of 2026 as customer demand stabilizes following year-end inventory adjustments. Assuming an average exchange rate of NT$31.3 per US dollar, the company anticipates a 3-5% decline in average selling price (ASP) and gross margin between 28-30% for the quarter.