News Releases

Date Title and Summary  
Toggle Summary MagnaChip to Attend Upcoming Investor Conferences
SEOUL, South Korea , Nov. 4, 2020 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX) announced that members of its executive management will participate at the following virtual investor conferences:     Roth Technology Virtual Event One-on-one meetings on November 11 and
Toggle Summary MagnaChip Reports Results for Third Quarter 2020
- Completed sale of the Foundry Services Group business and Fab 4 on September 1, 2020   - Cash balance as of September 30, 2020 was $542.1 million including approximately $350.6 million cash proceeds   -- Paid $227.4 million to fully redeem 6.625% 2021 Senior Notes on October 2, 2020, lowering the
Toggle Summary MagnaChip to Announce Third Quarter 2020 Financial Results on October 29
SEOUL, South Korea , Oct. 7, 2020 /PRNewswire/ --  MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX) announced today it will report its results for the third quarter ended September 30, 2020 on Thursday, October 29, 2020 after the close of market.
Toggle Summary MagnaChip Completes Redemption of 6.625% Senior Notes due 2021
SEOUL, South Korea , Oct. 6, 2020 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX) today announced that it completed the redemption of all of its 6.625% Senior Notes due 2021 (the "2021 Notes") on October 2, 2020 (the "Redemption Date").
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