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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Earnings data Q4 2024

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.

SEOUL, South Korea, July 19, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the second quarter ended June 30, 2023, on Monday, August 7, 2023, after the market close. The Company will host a corresponding conference call at 2:00 p.m.

Magnachip to Announce Second Quarter 2023 Financial Results on August 7

SEOUL, South Korea , July 17, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced that Gary Tanner has notified the Company of his intention to resign from the Company's Board of Directors. The Board has accepted his resignation, which was effective as of July 14, 2023.

MAGNACHIP ANNOUNCES DIRECTOR RESIGNATION

SEOUL, South Korea , July 10, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE: MX) announced today that the Company has released four new MXT LV Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs)*, using Super-Short Channel technology, to further expand Magnachip's seventh-generation MXT LV MOSFET line-up for battery protection circuits of mobile devices. Super-Short Channel is Magnachip's latest design technology to reduce Ron (the resistance of MOSFETs during on-state operation) by shortening the channel length between the source and the drain.

Magnachip Expands Its 7th-Generation MXT LV MOSFET Line-Up for Battery Protection Circuits of Mobile Devices

SEOUL, South Korea , June 20, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or the "Company") (NYSE: MX) today announced management's participation in the 15th Annual CEO Investor Summit 2023, being held Wednesday, July 12th at the St. Regis Hotel, San Francisco, California. The presentation material utilized during the CEO Investor Summit will be made accessible on the events page of the Company's website at www.magnachip.com.

Magnachip Announces Participation in 15th Annual CEO Investor Summit 2023

– The 40V MXT MOSFET with   RDS(on)  as low as 1.4mΩ enables effective kinetic energy recovery in cars SEOUL, South Korea , June 12, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE: MX) announced today that the Company has begun mass production of its new 40V MXT Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)1 for automotive energy recovery systems. This product is used in the automobile of a global automaker.

Magnachip Starts Mass Production of 40V MXT MOSFET for Automotive Energy Recovery Systems

SEOUL, South Korea , May 30, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced that the Company is separating its display and power businesses into separate entities, following approval by its board of directors and strategic review committee. YJ Kim, Magnachip's chief executive officer commented, "This strategic separation represents a significant milestone for Magnachip and underscores the Company's commitment to unlocking long-term value for our shareholders.

MAGNACHIP ANNOUNCES PLAN TO SEPARATE DISPLAY AND POWER BUSINESSES

Magnachip Semiconductor Corporation (NYSE:MX ) Q1 2023 Earnings Conference Call May 3, 2023 7:30 PM ET Company Participants Yujia Zhai - Investor Relations, The Blueshirt Group YJ Kim - Chief Executive Officer Conference Call Participants Nick Doyle - Needham Operator Good day, and thank you for standing by. Welcome to the First Quarter 2023 Magnachip Semiconductor Corporation Earnings Conference Call.

Magnachip Semiconductor Corporation (MX) Q1 2023 Earnings Call Transcript

Magnachip (MX) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to earnings of $0.28 per share a year ago.

Magnachip (MX) Reports Q1 Loss, Misses Revenue Estimates

Revenue of $57.0 million was within our guidance range. YoY, our revenue decreased 45.2% primarily due to continued effects of last year's 28nm wafer supply shortage that impacted second half 2022 design-wins and the ongoing inventory correction driven by weak consumer demand.

Magnachip Reports Results for First Quarter 2023

Magnachip introduces new 600V SJ MOSFET with RDS(on) * as low as 44mΩ for EV chargers and servers SEOUL, South Korea , May 2, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE: MX) announced today that the Company has released a new family of 600V Super Junction Metal Oxide Semiconductor Field Effect Transistors (SJ MOSFETs) consisting of nine distinct products featuring proprietary design technology. Magnachip's proprietary design provides specific on-resistance (RSP) reduction of about 10%, and this result was achieved while maintaining the same cell-pitches of previous generation MOSFETs.

Magnachip Debuts New Family of 600V SJ MOSFET Products Featuring Fast Recovery Body Diodes

Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the first quarter ended March 31, 2023, on Wednesday, May 3, 2023, after the market close.

Magnachip to Announce First Quarter 2023 Financial Results on May 3

SEOUL, South Korea , April 13, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or the "Company") (NYSE: MX) announced today that shareholder Gilbert Nathan will join its Board of Directors pursuant to the terms of an agreement (the "Agreement") entered into with Mr. Nathan and two of his affiliated entities.

Magnachip to Appoint Shareholder Gilbert Nathan to the Board of Directors

– The PDFN56 dual package enables small footprint   and low conduction loss es SEOUL, South Korea , March 21, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company began full-scale mass production of its new 40V MXT Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)1 optimized for the Electric Water Pumps (EWPs) and Electric Oil Pumps (EOPs) in electric vehicles (EVs). This 40V MXT MOSFET (AMDUA040N070RH) comes in a Power Dual Flat No-lead (PDFN) 56 dual package to reduce the printed circuit board size by 50%, as compared to using two 40V single-packaged MOSFETs.

Magnachip Enters Full-Scale Mass Production of PDFN56 Dual Packaging 40V MXT MOSFET for Electric Vehicles

SEOUL, South Korea , March 2, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company has released two seventh-generation MXT Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs)1, built on its Super-Short Channel technology, for the battery protection circuit modules in smartphones. Super-Short Channel is Magnachip's latest design technology to shorten the channel length between the source and the drain to significantly reduce RDS(on) 2 and conduction losses during on-state operation.

Magnachip Unveils Super-Short Channel MXT MOSFETs for Smartphone Battery Protection Circuit Modules

Magnachip Semiconductor Corporation went from a signed deal at $29 per share to everything falling apart. The business is struggling due to wafer shortages and inventory builds.

Magnachip Semiconductor: Given 2023 Recovery Story, Management Could Buy Back More Stock

Magnachip Semiconductor Corporation (NYSE:MX ) Q4 2022 Earnings Conference Call February 16, 2023 5:00 PM ET Company Participants Yujia Zhai – The Blueshirt Group YJ Kim – Chief Executive Officer Shinyoung Park – Chief Financial Officer Conference Call Participants Martin Yang – Oppenheimer Nick Doyle – Needham Operator Good day and welcome to Magnachip's Fourth Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode.

Magnachip Semiconductor Corporation (MX) Q4 2022 Earnings Call Transcript

Magnachip (MX) delivered earnings and revenue surprises of -44% and 2.08%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Magnachip (MX) Reports Q4 Loss, Tops Revenue Estimates

Fourth quarter revenue of $61.0 million was near the high-end of our guidance range. YoY, our revenue decreased 44.7% primarily due to severe 28nm wafer shortages required for our Display business.

Magnachip Reports Results for Fourth Quarter and Full-Year 2022

SEOUL, South Korea , Feb. 1, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the fourth quarter and year ended December 31, 2022, on Thursday, February 16, 2023, after the market closes. The Company will host a corresponding conference call at 2:00 p.m.

Magnachip to Announce Fourth Quarter and Year 2022 Financial Results on February 16

Magnachip Semiconductor Corporation went from a signed deal at $29 per share to everything falling apart. It is a poster child of how M&A speculation can go wrong.

Magnachip: China Reopening Could Mark Turning Point For Display Segment

SEOUL, South Korea , Jan. 3, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that its management will participate virtually in the 25th Annual Needham Growth Conference on January 12, 2023. Mr.

Magnachip to Participate in 25th Annual Needham Growth Conference

– Magnachip's eighth-generation 150V MXT MOSFET features lower RDS(on)   and a TOLL package to enable motor controllers and battery management systems to be managed efficiently SEOUL, South Korea , Dec. 29, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company has launched its eighth-generation 150V MXT Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)1 optimized for Light Electric Vehicle (LEV) motor controllers and battery management systems (BMSs). Energy efficiency plays a critical role in electric devices when it comes to power consumption and product stability.

Magnachip Introduces 8th-Gen 150V MXT MOSFET for Light Electric Vehicles

SEOUL, South Korea , Nov. 15, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company has launched its first Power Management Integrated Circuit (PMIC) for IT devices equipped with OLED screens. A PMIC is a core component to supply power to electronic devices.

Magnachip Unveils its First Power Management IC Optimized for OLED IT Devices

Magnachip (MX) delivered earnings and revenue surprises of 150% and 1.46%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Magnachip (MX) Q3 Earnings Top Estimates

Magnachip Semiconductor Corporation (NYSE:MX ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Yujia Zhai - The Blueshirt Group YJ Kim - Chief Executive Officer Shinyoung Park - Chief Financial Officer Conference Call Participants Martin Yang - Oppenheimer Suji De Silva - ROTH Capital Operator Hello and thank you for standing by. Welcome to the Q3 2022 Magnachip Semiconductor Corporation Earnings Conference Call.

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