Magnachip Semiconductor Corp N Stock Price, News & Analysis

On March 2, 2023, Magnachip Semiconductor Corporation (NYSE: MX) launched two new seventh-generation MXT Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs) designed for smartphone battery protection modules. Utilizing Super-Short Channel technology, these MOSFETs have a 20% size reduction and notable decreases in on-resistance (R_DS(on)) by 40% for the 12V version (MDWC12D028ERH) and 24% for the 24V version (MDWC24D031ERH). This innovation aims to reduce power loss and maintain low operating temperatures during charging. Further advancements for wearable devices are expected in late 2023.

Magnachip Semiconductor Corporation (NYSE: MX) reported Q4 2022 revenue of $61.0 million, a 44.7% decrease year-over-year due to severe 28nm wafer shortages impacting the Display segment. Full-year revenue fell 28.8% to $337.7 million largely from reduced Display revenue. The gross profit margin for Q4 was 26.4%, while the full-year margin decreased to 30.0%. The company incurred a GAAP loss per share of $0.18 for 2022. Looking ahead, Magnachip anticipates continued challenges in Q1 2023 but expects recovery in the Display segment during the second half of 2023.

Magnachip Semiconductor Corporation (NYSE: MX) announced it will report its financial results for the fourth quarter and full year ended December 31, 2022, on February 16, 2023, after market close. A corresponding conference call will occur at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results. Participants must register online to receive access details for the call. With over 40 years in the industry, Magnachip specializes in analog and mixed-signal semiconductor solutions across various applications, holding approximately 1,100 patents. More information can be accessed on their official website.

Magnachip Semiconductor Corporation (NYSE: MX) announced participation in the 25th Annual Needham Growth Conference scheduled for January 12, 2023. During the event, CEO YJ Kim and CFO Shinyoung Park will hold one-on-one meetings with institutional investors. Magnachip specializes in designing and manufacturing analog and mixed-signal semiconductor solutions for various applications, boasting a portfolio of approximately 1,100 patents and over 40 years of operational experience. Interested parties can inquire about meetings through Needham sales representatives.

Magnachip Semiconductor has launched its eighth-generation 150V MXT MOSFET designed for Light Electric Vehicles (LEVs), enhancing motor controllers and battery management systems (BMSs). The new product, MDT15N054PTRH, features a 28% reduction in R_DS(on) and a surface mount device packaging (TOLL) for better heat dissipation. Its operational temperature ranges from -55°C to 175°C, ensuring robust performance. With over 40 previous MOSFET products since 2008, Magnachip continues to innovate in the LEV market.

Magnachip Semiconductor Corporation (NYSE: MX) has launched its first Power Management Integrated Circuit (PMIC) for IT devices with OLED screens. This PMIC enhances power efficiency and battery life in devices such as laptops and tablets. It features advanced functions like output voltage control and supports a variable refresh rate, improving power consumption and user experience. Market research predicts a significant growth in OLED panel shipments for laptops and tablets, indicating robust demand. The CEO stated that the company will expand its PMIC product offerings to meet market needs.

Magnachip Semiconductor Corporation reported Q3 2022 revenues of $71.2 million, aligning with guidance but reflecting a year-over-year decline due to supply shortages of OLED wafers and reduced demand from China. The gross profit margin fell to 24.2%, below expectations, influenced by a $3.3 million charge for scrapped wafers. The company recorded a GAAP diluted loss per share of $0.38. Looking forward, Q4 2022 revenue guidance is between $57 million to $62 million.

Magnachip Semiconductor Corporation (NYSE: MX) announced it will report its third-quarter 2022 financial results on November 2, 2022, post-market. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET to discuss the results. Participants must register beforehand to receive necessary details. Magnachip designs and manufactures semiconductor solutions for various applications, holding approximately 1,100 patents and boasting over 40 years of experience.