News

May 30, 2023
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
May 03, 2023
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.
May 01, 2023
SEOUL, South Korea , May 1, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or the "Company") (NYSE: MX) announced today that Shin Young Park , the Company's Chief Financial Officer and the principal financial and accounting officer, went on maternity leave. In Ms.
Apr 17, 2023
SEOUL, South Korea , April 17, 2023 /PRNewswire/ -- 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.
Apr 13, 2023
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.
Feb 16, 2023
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. Full-year revenue of $337.7 million decreased 28.8% YoY due to significantly lower Display revenue as
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