News Releases

Date Title and Summary  
Toggle Summary MagnaChip Names Young Soo Woo as Chief Financial Officer
SEOUL, South Korea and SAN JOSE, Calif. , May 21, 2020 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX) today announced that it has appointed Mr. Young Soo Woo as Chief Financial Officer of the Company, effective as of May 25, 2020 . Mr.
Toggle Summary MagnaChip Delivers Solid Execution in First Quarter 2020
- Revenue from continuing operations was $120.5 million, up 12.3% year over year (YoY) - OLED revenue of $69.7 million a record for Q1, up 43.6% YoY - Revenue from discontinued operations was $76.5 million, up 52.7% YoY - Foundry Services Group categorized as "discontinued operations" pending sale
Toggle Summary MagnaChip Schedules First Quarter 2020 Earnings Release and Conference Call for May 6
SEOUL, South Korea and SAN JOSE, Calif. , April 15, 2020 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX) announced today it will host a conference call on Wednesday, May 6, 2020 at 5 p.m. ET to discuss the Company's financial results for the first quarter of 2020.
Toggle Summary MagnaChip Semiconductor Announces Definitive Agreement To Sell Foundry Business and Fab 4
- Transaction Value Approximately $435 Million, Including $345 Million in Cash - - Streamlines MagnaChip into a Pure-play Standard Products Company - - Positions the Company to Focus on High Growth Markets in Analog Power and Display Solutions Including OLED and MicroLED - - Strengthens MagnaChip's
Toggle Summary MagnaChip Semiconductor Updates Financial Guidance For First Quarter of 2020; Anticipates Higher Revenue
-- Increases Q1 Revenue Guidance Range to $187 Million to $197 Million from Previous Guidance Range of $180 Million to $195 Million Provided on February 19, 2020 -- Strategic Evaluation Process of Foundry Business and Fab 4 Ongoing SEOUL, South Korea and SAN JOSE, Calif., March 10, 2020
Toggle Summary MagnaChip Semiconductor Announces CFO Transition
-Shinyoung Park Appointed as Chief Accounting Officer -Company Commences Executive Search for New CFO -Strategic Evaluation Process for Foundry Business and Fab 4 Remains Ongoing SEOUL, South Korea and SAN JOSE, Calif. , March 1, 2020 /PRNewswire/ --  MagnaChip Semiconductor Corporation
Toggle Summary MagnaChip Launches New MOSFET to Enhance Protection for Wireless Earphones While Recharging
SEOUL, South Korea and SAN JOSE, Calif. , Feb. 24, 2020 /PRNewswire/ --  MagnaChip Semiconductor Corporation (" MagnaChip " or the " Company ") (NYSE: MX), a designer and manufacturer of analog and mixed-signal semiconductor products, announced today the company is entering the wireless earphone
Toggle Summary MagnaChip Revenue of $200.0 Million At High-End of Updated Q4 2019 Guidance Range; OLED Revenue of $67.3 Million in Fourth Quarter Up Two-Fold Year-Over-Year
- Gross Margin of 26.6% in Q4 Slightly Above Mid-Point of Updated Guidance Range - - Cash of $151.7 Million, Up 15.5% Sequentially; $20.5 Million Net Operating Cash Flow - - Revenue of $792.2 Million for 2019 Up 5.5%; OLED, Power Revenue Set Annual Records - SEOUL, South Korea and SAN JOSE, Calif.
Toggle Summary MagnaChip Offers 0.13 micron BCD Process with Enhanced Performance Suitable for Automotive Power Semiconductors
SEOUL , South Korea and SAN JOSE, Calif. , Feb. 10, 2020 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea -based designer and manufacturer of analog and mixed-signal semiconductor products, announced today that it now offers a 0.13 micron BCD process with
Toggle Summary MagnaChip Schedules Fourth Quarter 2019 Earnings Release and Conference Call for February 19
SEOUL, South Korea and SAN JOSE, Calif. , Feb. 3, 2020 /PRNewswire/ --  MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX) announced today it will host a conference call on Wednesday, February 19, 2020 at 5 p.m. ET to discuss the Company's financial results for the fourth quarter of 2019.