News Releases

Date Title and Summary  
Toggle Summary MagnaChip Expands its UHD TV BLU LED Driver IC Portfolio
Company addresses growing demand in TV market SEOUL, South Korea , Sept. 15, 2020 /PRNewswire/ --  MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:MX) today announced the launch of two new LED Driver ICs for UHD TV BLU (Back Light Unit).
Toggle Summary MagnaChip Completes Sale of Foundry Services Group and Fab 4
-- Purchase Price of Approximately $350.6 Million in Cash   -- Buyer assumed all severance liabilities relating to the transferred employees, which have a value of approximately $100 million   -- Use Part of Proceeds to Reduce Debt SEOUL, South Korea , Sept.
Toggle Summary MagnaChip to Attend Upcoming Investor Conferences
SEOUL, South Korea and SAN JOSE, Calif. , Aug. 14, 2020 /PRNewswire/ --  MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX) announced that members of its executive management will participate at the following virtual investor conferences:     Nomura Virtual Asia Tech Tour 2020
Toggle Summary MagnaChip Reports Results for Second Quarter 2020
-- GAAP earnings per share of $0.34 from continuing operations   -- Non-GAAP diluted earnings per share from continuing operations of $0.13   -- Cash of $192.8 million highest since IPO in March 2011; net operating cash flow of $36.0 million, which was the 5th straight quarter of positive operating
Toggle Summary MagnaChip Ranked No.1 in the Global OLED Smartphone DDIC Non-Captive Market
Q1 2020 Market Share Hits an All-Time High of 33.2%, up 8.6% from Q1 2019   DDICs Are Crucial to Next-Gen Smartphone and Other Displays SEOUL, South Korea and SAN JOSE, Calif. , July 27, 2020 /PRNewswire/ --  MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX) today announced that it has
Toggle Summary MagnaChip Appoints Ms. Kyo-Hwa (Liz) Chung to its Board of Directors
- MagnaChip expands Board to seven members with addition of Ms. Chung, a former judge who currently serves as the Head of Corporate, External and Legal Affairs, for Microsoft Korea SEOUL, South Korea and SAN JOSE, Calif. , July 20, 2020 /PRNewswire/ --  MagnaChip Semiconductor Corporation
Toggle Summary MagnaChip Expands High Frame Rate DDIC Product Line for OLED Smartphone Displays
High Frame Rate OLED DDICs Are Vital to Full-Featured 5G Smartphones SEOUL, South Korea and SAN JOSE, Calif. , July 15, 2020 /PRNewswire/ --  MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX) announced an expansion of the company's High Frame Rate (HFR) OLED DDIC product line for
Toggle Summary MagnaChip to Announce Second Quarter 2020 Financial Results on July 30
SEOUL, South Korea and SAN JOSE, Calif. , July 8, 2020 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX) announced today it will report its results for the second quarter ended June 30, 2020 on Thursday, July 30, 2020 after the close of market.
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"),