MagnaChip Semiconductor

MagnaChip Semiconductor Corp. engages in the design and manufacture of analog and mixed-signal platform solutions for communications, Internet of Things (IoT) applications, consumer, industrial, and automotive applications. Its products include MOSFETs; IGBTs; AC-DC/DC-DC converters; light-emitting diode (LED) drivers; regulators; power management integrated circuits (PMICs); and industrial applications such as power suppliers, e-bikes, photovoltaic inverters, LED lighting, and motor drives. The company was founded on November 26, 2003 and is headquartered in Luxembourg.

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MagnaChip Semiconductor navigates challenges, eyes growth opportunities in 2023

MagnaChip Semiconductor faced challenges in 2022 but showcased resilience and strategic initiatives to drive future success.
The company reported Q4 revenue decline but highlighted positive developments for 2023, emphasizing growth opportunities and new wins in key segments.
With a focus on new product introductions, sales momentum, and OLED expansion, MagnaChip aims to overcome challenges and capitalize on emerging opportunities for sustainable growth.

MagnaChip Semiconductor reports Q1 revenue decline but eyes Q2 growth

MagnaChip Semiconductor faced revenue declines in Q1 but showcased resilience with a strong cash position and debt-free status.
Challenges include operating and net losses, primarily driven by weak demand in certain markets.
Opportunities lie in the company's guidance for Q2 revenue and the emphasis on design wins and product innovations.

MagnaChip Semiconductor reports Q2 revenue decline but shows resilience

MagnaChip Semiconductor faced revenue declines but improved gross margin and initiated a new buyback program.
Challenges include significant YoY revenue drops, operating losses, and reduced cash reserves.
Opportunities lie in business separation, planned investments, and forecasted revenue growth for Q3.

MagnaChip Semiconductor reports Q3 results, plans business separation for growth

MagnaChip Semiconductor navigated mixed Q3 results with revenue decline but sequential improvement, driven by Display and Power business performance.
The company faces challenges in profitability and market conditions but aims to capitalize on opportunities through business separation and strategic initiatives.
With a solid cash position and plans for business restructuring, MagnaChip is positioned to address challenges, leverage strengths, and pursue growth opportunities.

MagnaChip Semiconductor focuses on China growth amid revenue challenges

MagnaChip Semiconductor's Q4 performance showed resilience in Power business revenue despite declines in Display business
The company's strategic shifts towards China and higher-margin products position it for growth in 2024
Challenges include declining revenues in key segments and margin impact from transitional services wind-down
Opportunities lie in transitioning Gumi fab, market penetration in China, and product portfolio enhancements

MagnaChip Semiconductor reports Q1 revenue decline but anticipates recovery

MagnaChip Semiconductor faced revenue declines and margin pressure in Q1 2024, driven by operational challenges.
However, strong sequential growth in PAS and diversified product offerings position the company for potential recovery.
Optimizing operational efficiency, addressing revenue challenges, and capitalizing on growth opportunities will be key focus areas.
Anticipated revenue ranges for Q2 2024 indicate resilience and potential for improved performance.

MagnaChip beats Q2 revenue expectations, eyes China expansion for growth

MagnaChip Semiconductor's Q2 performance exceeded guidance, driven by sequential revenue growth and strong gross margins.
While facing challenges such as YoY revenue decline and increased expenses, the company is focusing on growth opportunities.
Strategic initiatives in China expansion, new products, and fab capacity utilization position MagnaChip for future success.
Overall, MagnaChip's emphasis on innovation and operational efficiency sets the stage for sustained growth and margin improvement.

MagnaChip reports robust Q3 revenue growth and strategic focus

MagnaChip Semiconductor delivered strong revenue growth in Q3 2024, driven by PAS and MSS segments.
While facing challenges in profitability, the company is strategically focusing on core business areas.
Opportunities lie in innovation, growth projections, and strategic planning for future success.
Overall, MagnaChip's financial position and growth prospects position it for continued success.

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Magnachip Semiconductor Corp. engages in the design and manufacture of analog and mixed-signal platform solutions for communications, Internet of Things (IoT) applications, consumer, industrial, and automotive applications. Its products include MOSFETs; IGBTs; AC-DC/DC-DC converters; light-emitting diode (LED) drivers; regulators; power management integrated circuits (PMICs); and industrial applications such as power suppliers, e-bikes, photovoltaic inverters, LED lighting, and motor drives. The company was founded on November 26, 2003 and is headquartered in Cheongju-si, South Korea.

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SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) today announced management's participation in the 36th Annual ROTH Conference at The Ritz Carlton, Laguna Niguel in Dana Point on Monday, March 18th, and Tuesday, March 19th. Mr. YJ Kim, Magnachip's Chief Executive Officer, and Ms. Shinyoung Park, Magnachip's Chief Financial Officer, will be available for one-on-one meetings with institutional investors during the conference. For more information a.

Magnachip to Participate in the 36th Annual ROTH Conference

Magnachip Semiconductor Corporation (MX) Q4 2023 Earnings Call Transcript

Magnachip (MX) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to loss of $0.36 per share a year ago.

Magnachip (MX) Reports Q4 Loss, Lags Revenue Estimates

SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today announced financial results for the fourth quarter and full-year 2023. YJ Kim, Magnachip's Chief Executive Officer commented, “As we reflect on the past year and look ahead, we're shaping our future with the transformation of our business. First, we have shifted our Display business to be laser-focused on the burgeoning OLED market in China and our efforts there are already s.

Magnachip Reports Results for Fourth Quarter and Full-Year 2023

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SEOUL, South Korea , Feb. 7, 2024 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the fourth quarter ended December 31, 2023, on Wednesday, February 28, 2024, after the market closes. The Company will host a corresponding conference call at 2:00 p.m.

Magnachip to Announce Fourth Quarter 2023 Financial Results on February 28, 2024

SEOUL, South Korea , Jan. 3, 2024 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) today announced management's participation in the 26th Annual Needham Growth Conference at the Lotte New York Palace Hotel in New York City on Wednesday, January 17 th, and Thursday, January 18 th. Mr. YJ Kim, Magnachip's Chief Executive Officer, and Ms.

Magnachip to Participate in the 26th Annual Needham Growth Conference

Buying undervalued stocks during tax-loss season can lead to big gains into the New Year. Buying tech/chip stocks at or near cyclical lows can also generate big profits. Magnachip Semiconductor appears to have hit rock-bottom levels and could rebound significantly in the coming upcycle.

Magnachip: This $7 Stock Could Be The Biggest Bargain In The Chip Sector

Developed with highly rugged trench MOSFET technology, the new 30V MXT LV MOSFET ensures a stable power supply for electric power steering SEOUL, South Korea , Dec. 18, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE: MX) announced today that the Company has begun full-scale mass production of its new 30V MXT LV Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs)* used in Electronic Control Units (ECUs) of Electric Power Steering (EPS) systems. This MOSFET product is being used by a global automaker.

Magnachip Commences Full-Scale Mass Production of New 30V MXT LV MOSFET for Electric Power Steering Systems

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Magnachip Semiconductor Corporation is a deeply undervalued semiconductor company with a market cap of $260 million. The company's potential acquisition by a Chinese firm was blocked by CFIUS, causing its share price to decline. Magnachip's revenue is declining, but there is hope for a turnaround in 2024 with a recovery in the power segment.

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SEOUL, South Korea , Nov. 13, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) today announced management's participation in the UBS Global Technology Conference at The Phoenician Hotel in Scottsdale, AZ on Monday, November 27 th, and Tuesday, November 28 th. Mr. YJ Kim, Magnachip's chief executive officer, and Ms.

Magnachip to Participate in UBS Global Technology Conference

Magnachip Semiconductor Corporation (NYSE:MX ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Yujia Zhai - MD, The Blueshirt Group Young-Joon Kim - CEO Shinyoung Park - CFO Conference Call Participants Suji Desilva - ROTH Capital Partners Operator Thank you for standing by and welcome to the Magnachip Semiconductor Corporation's Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Magnachip Semiconductor Corporation (MX) Q3 2023 Earnings Call Transcript

Revenue of $61.2 million was in-line with guidance . Gross profit margin of 23.6% increased 140 basis points from Q2 , mainly driven by higher fab utilization.

Magnachip Reports Results for Third Quarter 2023

-    The company expands its slim form factor product portfolio by introducing two 650V SJ MOSFETs packaged in a PDFN88 SEOUL, South Korea , Oct. 31, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE: MX) announced today that the Company has begun mass production of two new 650V Super Junction Metal-Oxide-Semiconductor Field-Effect Transistors (SJ MOSFETs) offerings. These two 650V SJ MOSFETs (MMUB65R090RURH, MMUB65R115RURH) utilize an innovative PDFN88 package, which significantly reduces their thickness and size.

Magnachip Commences Mass Production of Two New 650V SJ MOSFETs with a Slim Form Factor

The new 600V SJ MOSFET achieves a low RDS(on) of 175mΩ and effectively meets the technical requirements of servers and OLED TVs SEOUL, South Korea , Oct. 30, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE: MX) announced today that the Company released its 6th-generation 600V Super Junction Metal Oxide Semiconductor Field Effect Transistor (SJ MOSFET) enhanced with microfabrication technology. This 6th-generation 600V SJ MOSFET (MMD60R175S6ZRH) was built on the 180nm microfabrication process and Magnachip's latest design technology.

Magnachip Introduces 6th-Generation 600V SJ MOSFET Developed with Cutting-Edge Microfabrication Technology

SEOUL, South Korea , Oct. 20, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the third quarter ended September 30, 2023, on Thursday, November 2, 2023, after the market closes. The Company will host a corresponding conference call at 2:00 p.m.

Magnachip to Announce Third Quarter 2023 Financial Results on November 2

Magnachip Semiconductor Corporation stock has recently suffered a significant decline, but there are reasons to stay invested. Short-term momentum is against investors, but Magnachip Semiconductor is expected to see revenue recovery in 2024 and 2025. The company has a strong cash position and aggressive buyback program, indicating optimism for a turnaround.

Magnachip Semiconductor: Is The Worst Finally Behind Us?

The company expands its 8th-generation MXT MV MOSFET product portfolio with the addition of newly packaged 150V MXT MV MOSFETs in D2PAK -7L and   PDFN56 SEOUL, South Korea , Oct. 10, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE: MX) announced today the launch of two new 150V *MXT MV Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs), using its 8th-generation trench MOSFET technology. Energy efficiency is crucial in high-power devices for reducing power consumption and ensuring stability.

Magnachip Unveils New 8th-Generation 150V MXT MV MOSFETs

- Magnachip commences full-scale mass production of 1200V and 650V IGBTs for PTC heaters of electric vehicles SEOUL, South Korea , Sept. 11, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE: MX) announced today the launch of its 1200V and 650V Insulated Gate Bipolar Transistors (IGBTs), designed for the positive temperature coefficient (PTC) heaters of electric vehicles (EVs).

Magnachip Targets Electric Vehicle Market with New 1200V and 650V IGBTs Featuring Advanced Field Stop Trench Technology

SEOUL, South Korea , Sept. 6, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") received a letter of resignation, dated September 5, 2023, from Mr.

MAGNACHIP SEMICONDUCTOR CORPORATION ANNOUNCES RESIGNATION OF MEL KEATING AS A MEMBER OF THE BOARD OF DIRECTORS

Magnachip Semiconductor Corporation (NYSE:MX ) Q2 2023 Earnings Conference Call August 7, 2023 5:00 PM ET Company Participants Yujia Zhai - Managing Director, The Blueshirt Group Young-Joon Kim - Director, Member of the Risk Committee and Chief Executive Officer Shinyoung Park - Chief Financial Officer Conference Call Participants Suji Desilva - ROTH Capital Partners Martin Yang - Oppenheimer Operator Good day, and thank you for standing by. Welcome to the Q2 2023 Magnachip Semiconductor Corporation Earnings Conference Call.

Magnachip Semiconductor Corporation (MX) Q2 2023 Earnings Call Transcript

Revenue of $61.0 million was in-line with guidance (vs $60.5M mid-point) and was down 39.8% YoY and up 7% sequentially. Gross profit margin was 22.2%, up 100 basis points from Q1.

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