Welcome to our dedicated page for Magnachip Semiconductor N news (Ticker: MX), a resource for investors and traders seeking the latest updates and insights on Magnachip Semiconductor N stock.
Magnachip Semiconductor Corporation (NYSE: MX) is a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions serving industrial, automotive, communication, consumer and computing applications. The news and press releases associated with MX provide insight into how the company is executing on its power semiconductor strategy, developing new products and managing its corporate governance.
Company news frequently covers financial results and outlook, with quarterly earnings releases that discuss revenue and gross margin from continuing operations in its Power Analog Solutions (PAS) and Power IC (PIC) businesses. These updates often include management commentary on demand trends in communications, computing and industrial markets, as well as information on discontinued operations such as the display business.
Magnachip’s news flow also highlights product launches and technology developments in power semiconductors. Recent announcements describe new 650V Super Junction MOSFETs in TOLL packages for premium consumer electronics, an 80V MXT medium-voltage MOSFET in a TOLT package for e‑scooters and light electric vehicles, and plans to expand its industrial IGBT business based on traction inverter technology jointly developed with Hyundai Mobis. These items illustrate the company’s focus on high-power, high-efficiency devices for applications ranging from premium TVs and gaming monitors to electric mobility and industrial systems.
In addition, MX news includes corporate and governance updates, such as changes in executive leadership, interim CEO appointments, board retirements and participation in investor conferences. Investors and observers can use this news stream to follow Magnachip’s strategic direction, leadership decisions and the evolution of its power semiconductor product portfolio over time.
Magnachip Semiconductor Corporation (NYSE: MX) has successfully completed a $37.5 million stock repurchase, acquiring approximately two million shares at an average price of $18.51. This buyback is part of a broader plan authorized by the Board, which allows for up to $75 million in total stock purchases, leaving $37.5 million remaining. CEO YJ Kim emphasized the company's commitment to enhancing shareholder value and indicated that improving supply chain efficiencies is a priority. This strategic move aims to foster growth and sustainable cash flow.
Magnachip Semiconductor Corporation (NYSE: MX) announced participation in the 34th Annual Roth Conference from March 13-15, 2022, in Dana Point, California. CEO YJ Kim will engage in one-on-one meetings with institutional investors on March 14 and 15, though no formal presentation will occur. Magnachip specializes in analog and mixed-signal semiconductor solutions for various applications, boasting over 40 years of experience and around 1,150 patents. For further details on the conference, interested parties may contact Roth sales representatives.
Magnachip Semiconductor (NYSE: MX) has initiated full-scale mass production of an organic light-emitting diode display driver integrated circuit (OLED DDIC) specifically for OLED TVs. This new product supports up to 960 source output channels and caters to UHD OLED TVs with resolutions ranging from HD to 4K. The growing demand for large-sized premium TVs, driven by increasing streaming and gaming activities during COVID-19, has led to a forecasted 14% CAGR for global OLED TV panel shipments from 2021 to 2025, enhancing the market for high-performance OLED DDIC solutions.
Magnachip Semiconductor Corporation (NYSE: MX) reported Q4 2021 revenues of $110.3 million and a non-GAAP diluted EPS of 31 cents, despite supply constraints impacting OLED revenue. Full-year 2021 revenue declined due to ongoing shortages, especially for 28nm 12" OLED wafers, but profitability improved across key measures. Operating income rose 208.7% year-over-year to $83.4 million. The company expects Q1 2022 revenue between $102 million and $108 million, with a gross profit margin of 34.5% to 36.5% amidst persistent supply challenges.
Magnachip Semiconductor Corporation (NYSE: MX) will report its fourth-quarter and full-year 2021 results on February 16, 2022, after market close. A conference call will follow at 2:00 p.m. PT to discuss the financials. Interested participants can join by dialing 1-844-536-5472 (US/Canada) or 1-614-999-9318 (international). The conference ID is 1582546. A live webcast and archived replay will be available on Magnachip's website. The company specializes in analog and mixed-signal semiconductor solutions across various applications.
Magnachip Semiconductor Corporation (NYSE: MX) has launched a new generation of 600V SJ MOSFETs, improving switching functionality by over 10% compared to previous models. The mass production is set to start in March 2022. With a range of applications including TVs and industrial power supplies, these MOSFETs feature Rds(on) values between 190-580mOhm. Cumulative shipments have reached 2 billion units since 2013. The increased demand for premium TVs is anticipated to boost MOSFET sales.
Magnachip Semiconductor Corporation (NYSE: MX) announced the launch of a new generation of Low-Voltage Metal Oxide Semiconductor Field Effect Transistors (LV MOSFETs) aimed at enhancing battery Protection Circuit Modules in smartphones. These 6.5G MOSFETs feature a 20% reduction in Rss(on), improving heat dissipation and reducing current loss. Mass production began last month, with the product already utilized in flagship models from major smartphone manufacturers. The global smartphone market is projected to grow 6.3% in 2022, further driving demand for these advanced components.
Magnachip Semiconductor Corporation (NYSE: MX) announced participation at the 24th Annual Needham Virtual Growth Conference on January 13-14, 2022. CEO YJ Kim and CFO Shinyoung Park will host one-on-one meetings and participate in a fireside chat on January 14 at 4:15 PM ET in Track 3. A live webcast of the chat will be available on the Company's website and archived for 90 days. Magnachip specializes in analog and mixed-signal semiconductor solutions for various applications and holds a portfolio of approximately 1,200 registered patents.
Magnachip Semiconductor (NYSE: MX) is expanding its organic light-emitting diode display driver integrated circuit (OLED DDIC) lineup with a next-generation product for automotive displays. This new DDIC, based on 40nm process technology, is designed for center stack and instrument cluster displays. It supports FHD resolution and integrates source drivers, gate drivers, and timing controllers into a single chip, enhancing cost-effectiveness. The automotive display market is projected to grow from $8.2 billion in 2021 to $9.7 billion by 2025, with global automotive OLED panel revenue expected to surge 350% to $524 million during the same period.
Magnachip Semiconductor Corporation (NYSE: MX) has appointed Ms. Shinyoung Park as the new Chief Financial Officer, effective January 1, 2022. She takes over from Dr. Young Soo Woo, who resigned on December 31, 2021. Ms. Park has been with Magnachip since 2014, previously serving as Chief Accounting Officer and Corporate Controller. CEO YJ Kim praised her leadership and experience, highlighting her role in strengthening the finance and accounting teams, as the company aims for sustainable growth and long-term value delivery.
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