News Releases

Date Title and Summary  
Toggle Summary MagnaChip Semiconductor to Participate in Citi's Silicon Valley Virtual Investor Bus Tour on June 12 at 8:00 a.m. PT
SEOUL , South Korea and SAN JOSE, Calif., June 8, 2020 /PRNewswire/ --  MagnaChip Semiconductor Corporation  ("MagnaChip" or the "Company") (NYSE: MX) today announced that members of the executive management team will participate in Citi's Silicon Valley Virtual Investor Bus Tour on Friday, June
Toggle Summary Camillo Martino Succeeds Nader Tavakoli as Chairman of the Board of MagnaChip Semiconductor
Mr. Tavakoli to Remain a Member of the Board SEOUL, South Korea , June 4, 2020 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip" or "Company") (NYSE: MX) today announced the appointment of Camillo Martino as its new non‑executive Chairman of the Board of Directors (the "Board"),
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.