Company Description
Magnachip Semiconductor Corporation (NYSE: MX) is a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions. According to the company’s disclosures, its products serve a range of applications across industrial, automotive, communication, consumer and computing markets. Magnachip states that it provides a broad range of standard power semiconductor products to customers worldwide and that it has accumulated about 45 years of operating history, supported by a portfolio of approximately 1,000 registered patents and pending applications and extensive engineering, design and manufacturing process expertise.
Business focus and product areas
Magnachip positions itself as a power semiconductor company. The firm designs and manufactures power devices used in various end markets, including communications and computing applications, industrial systems and automotive-related uses. Company materials describe its activities in Power Analog Solutions (PAS) and Power IC (PIC) businesses, which together are reported as its power solutions business in financial results from continuing operations.
In recent product communications, Magnachip has highlighted Super Junction MOSFETs (SJ MOSFETs), MXT medium-voltage MOSFETs and Insulated Gate Bipolar Transistors (IGBTs) as part of its portfolio. For example, it has announced 650V SJ MOSFETs in TO-Leadless (TOLL) packages aimed at high-power and high-current uses in premium consumer electronics, and an 80V MXT MV MOSFET in a TOLT (TO-Leaded Top-Side Cooling) package for applications such as e‑scooters and light electric vehicles. These communications emphasize packaging and power efficiency characteristics relevant to high-power density and thermally demanding systems.
End-market applications
Across its disclosures and news releases, Magnachip indicates that its power semiconductor solutions are used in:
- Industrial applications, including areas such as e‑motors, LED lighting and battery management systems.
- Automotive applications, including traction inverter IGBTs for hybrid and electric vehicles, and power devices for light electric vehicles.
- Communication and computing applications, where the company reports growth in communications and computing segments within its Power Analog Solutions business.
- Consumer electronics, including premium televisions, gaming monitors, laptop adapters and chargers, where high-power and high-efficiency power devices are required.
Magnachip also notes a strategic focus on opportunities in AI-related and renewable energy applications for its power products, particularly in connection with new IGBT families and expanded SJ MOSFET lineups.
Operating structure and segment reporting
In its financial reporting, Magnachip describes revenue from continuing operations as coming from its Power Analog Solutions (PAS) and Power IC (PIC) businesses, together referred to as the power solutions business. The company has also disclosed a separate line item for Transitional Fab 3 foundry services in past periods, related to a contractual obligation to provide foundry services from its fabrication facility in Gumi, Korea, following the sale of a foundry services group and another fabrication facility. Magnachip reports that this contractual obligation ended on August 31, 2023 and that it had wound down these transitional foundry services by the end of 2024, after which its reported revenues reflect the core PAS and PIC businesses.
Geographic footprint and listing
Magnachip is incorporated as Magnachip Semiconductor Corporation and, based on its SEC filings, maintains its principal operations through Magnachip Semiconductor, Ltd., a Korean operating subsidiary. Company press releases are issued from Seoul, South Korea, and SEC filings list an address in Cheongju-si, Chungcheongbuk-do, Republic of Korea for the registrant’s care-of location. Magnachip’s common stock, with par value $0.01 per share, trades on the New York Stock Exchange under the ticker symbol MX.
Strategic direction and corporate developments
Magnachip describes itself as transitioning to a pure-play power semiconductor company. In its communications, the company has referenced restructuring of its go-to-market organization, expansion of its new-generation power product portfolio, and cost reduction initiatives, including reductions in operating expenses and capital expenditure plans related to its Gumi fabrication facility. Management commentary in earnings releases has emphasized efforts to stabilize the company’s financial position, focus on new-generation power products and explore strategic options.
Corporate governance disclosures and SEC filings show changes in executive leadership and board composition. For example, the board appointed an Interim Chief Executive Officer and later disclosed consulting and executive service agreements related to that role. The company has also reported the planned retirement of a long-serving director, noting that the decision was for personal reasons and not due to disagreement on company matters.
Intellectual property and experience base
Magnachip repeatedly highlights its portfolio of approximately 1,000 registered patents and pending applications and its decades of operating history in power semiconductors. The company characterizes its capabilities as including engineering and design expertise and manufacturing process know-how. These attributes are presented as supporting its ability to develop and manufacture power semiconductor platform solutions for a variety of end markets.
Investor information and reporting
Magnachip provides regular financial updates through quarterly earnings releases and related conference calls, as reflected in its Form 8‑K filings that furnish press releases for its second and third quarters of 2025. These filings describe revenue and gross margin from continuing operations, the performance of PAS and PIC businesses, and commentary on demand trends across communications, computing and industrial applications. The company also holds an annual meeting of stockholders, with SEC filings summarizing proposals such as director elections, advisory votes on executive compensation and ratification of its independent registered public accounting firm.
FAQs about Magnachip Semiconductor (MX)
The following frequently asked questions summarize key points drawn from Magnachip’s public disclosures.
- What does Magnachip Semiconductor do?
Magnachip designs and manufactures analog and mixed-signal power semiconductor platform solutions. Its products are used in industrial, automotive, communication, consumer and computing applications, and it offers a range of standard power semiconductor products to customers worldwide. - In which markets are Magnachip’s products used?
Company materials state that Magnachip’s power semiconductor solutions serve industrial systems, automotive uses, communication and computing applications and consumer electronics. Examples mentioned in product releases include premium TVs, gaming monitors, laptop adapters, chargers, e‑scooters and light electric vehicles. - What are Magnachip’s main business segments?
Magnachip reports its continuing operations through its Power Analog Solutions (PAS) and Power IC (PIC) businesses, collectively referred to as its power solutions business. It has also disclosed revenue from Transitional Fab 3 foundry services, which related to a time-limited obligation that has been wound down. - On which exchange is Magnachip stock listed and what is its ticker?
According to its SEC filings, Magnachip’s common stock is listed on the New York Stock Exchange under the trading symbol MX. - How long has Magnachip been operating in the semiconductor industry?
Magnachip states in its press releases that it has about 45 years of operating history in analog and mixed-signal power semiconductor technologies. - What intellectual property does Magnachip report?
The company reports owning a portfolio of approximately 1,000 registered patents and pending applications, which it associates with its engineering, design and manufacturing process expertise in power semiconductors. - What types of power semiconductor products has Magnachip highlighted?
Public announcements describe products such as Super Junction MOSFETs (SJ MOSFETs), MXT medium-voltage MOSFETs and IGBTs, including devices in TOLL and TOLT packages for high-power, high-current and thermally demanding applications. - What is the status of Magnachip’s foundry services?
Magnachip has disclosed that, following the sale of a foundry services group and a fabrication facility, it provided Transitional Fab 3 foundry services under a contractual obligation that ended on August 31, 2023, and that these services were wound down by the end of 2024. Revenue from these services was reported separately from the power solutions business. - How does Magnachip describe its strategic focus?
In management commentary, Magnachip refers to transitioning to a pure-play power semiconductor company, prioritizing new-generation power products and taking cost and capital expenditure actions, including investments in its Gumi fabrication facility, to support growth of its power solutions business. - Does Magnachip still operate its display business?
In its financial disclosures, Magnachip notes that its display business has been classified as discontinued operations from the first quarter of 2025, and that GAAP and non‑GAAP metrics summarized in certain earnings releases exclude amounts related to the display business.
Stock Performance
Magnachip Semiconductor N (MX) stock last traded at $2.87, up 7.04% from the previous close. Over the past 12 months, the stock has lost 23.1%, ranking #1,643 in 52-week price change. At a market capitalization of $103.5M, MX is classified as a micro-cap stock with approximately 36.4M shares outstanding.
Latest News
Magnachip Semiconductor N has 10 recent news articles. Of the recent coverage, 3 articles coincided with positive price movement and 6 with negative movement. Key topics include earnings, earnings date, management, partnership, clinical trial. View all MX news →
SEC Filings
Magnachip Semiconductor N has filed 5 recent SEC filings, including 2 Form 4, 1 Form SCHEDULE 13G/A, 1 Form 10-K, 1 Form 8-K. The most recent filing was submitted on March 20, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all MX SEC filings →
Insider Radar
Insider buying activity at Magnachip Semiconductor N over the past 90 days may reflect management confidence in the company's direction. Institutional investors and analysts often monitor insider purchases as a potential bullish indicator for the stock.
Financial Highlights
Magnachip Semiconductor N generated $178.9M in revenue over the trailing twelve months, retaining a 17.5% gross margin, operating income reached -$35.9M (-20.1% operating margin), and net income was -$29.7M, reflecting a -16.6% net profit margin. Diluted earnings per share stood at $-0.82. The company generated -$24.2M in operating cash flow. With a current ratio of 4.07, the balance sheet reflects a strong liquidity position.
Upcoming Events
Positive free cash flow
Magnachip Semiconductor N has 1 upcoming scheduled event. The next event, "Positive free cash flow", is scheduled for January 1, 2027 (in 278 days). 1 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the MX stock price.
Short Interest History
Short interest in Magnachip Semiconductor N (MX) currently stands at 147.6 thousand shares, up 0.6% from the previous reporting period, representing 0.5% of the float. Over the past 12 months, short interest has decreased by 65.5%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Magnachip Semiconductor N (MX) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 38.7% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 2.5 days.
MX Company Profile & Sector Positioning
Magnachip Semiconductor N (MX) operates in the Semiconductors industry within the broader Semiconductors & Related Devices sector and is listed on the NYSE. In monthly performance, the stock ranks #188 among all tracked companies.
Investors comparing MX often look at related companies in the same sector, including Intchains Group Ltd (ICG), Gsi Technology (GSIT), Nano Labs Ltd (NA), Quicklogic (QUIK), and Everspin Technol (MRAM). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate MX's relative position within its industry.