Month: January 2016

Display Solutions

Magnachip Surpasses 160 Million Mark in AMOLED Driver IC Units Shipped

SEOUL, South Korea and SAN JOSE, Calif., Jan. 25, 2016 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced that its cumulative shipment of AMOLED display driver ICs has surpassed 160 million units since initial shipments began in 2007.

MagnaChip is supplying AMOLED display driver ICs to global smartphone, tablet PC and digital still camera manufacturers through direct and indirect channels and is now targeting the head-mounted display application for the Virtual Reality (VR) market. MagnaChip is also targeting applications in automotive displays and infotainment. All these market segments are expected to grow significantly over the next several years, according to market forecasts.

Market research firm IHS Inc. has projected that AMOLED smartphone display shipments will increase globally from 264 million units in 2015 to 510 million units by 2018, representing a compounded annual growth rate of almost 25% per year.

AMOLED smartphone display shipment forecast (million units)

* Source: IHS Inc. market research report

MagnaChip designs and manufactures a variety of AMOLED display driver ICs using a unique proprietary foundry model. This model allows MagnaChip to apply its own unique AMOLED process patents as well as other intellectual property, proprietary process design kits and custom design-flow methodologies using internal and external foundries.

MagnaChip has been in active production with AMOLED display driver IC solutions since 2007 and over time has shrunk the technology to a specialized 55-nanometer AMOLED process node. MagnaChip is also involved in process development that will migrate the technology to sub-55-nanometer processes, which will allow MagnaChip and its customers to continue to maintain leading-edge competitiveness. As part of this process, MagnaChip will continue to expand its manufacturing capabilities through cooperative relationships with external foundries in addition to utilizing the Company’s dedicated internal manufacturing capacity.

“We are well-positioned as a global leader in the design and supply of AMOLED display driver ICs,” said YJ Kim, CEO of MagnaChip Semiconductor. “In this fast-growing market, we will fully leverage our design capability, specialized manufacturing processes and scalable foundry partnerships to develop new applications that capture the expanding display driver IC market opportunities.”

About MagnaChip Semiconductor

Headquartered in South Korea, MagnaChip Semiconductor is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications. MagnaChip Semiconductor believes it has one of the broadest and deepest ranges of analog and mixed-signal semiconductor platforms in the industry, supported by its 30-year operating history, a large portfolio of registered and pending patents, and extensive engineering and manufacturing process expertise.

CONTACTS

In the United States:
Robert Pursel
Director of Investor Relations
Tel. +1-408-625-1262
robert.pursel@magnachip.com

In Korea:
Chankeun Park
Director of Public Relations
Tel. +82-3-6903-3195
chankeun.park@magnachip.com

Investors

Magnachip Schedules Q4 2015 Earnings Conference Call

Announces Preliminary Unaudited Q4 2015 Revenue and Gross Profit Results

 

SEOUL, South Korea and SAN JOSE, Calif., Jan. 19, 2016 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX) will hold a conference call Wednesday, February 17, 2016 at 5 p.m. EST to discuss the Company’s fourth quarter 2015 financial results. Participating in the call will be YJ Kim, MagnaChip CEO and Jonathan Kim, Executive Vice President and CFO. The earnings press release will be issued after the market closes that day.

The conference call will be webcast live and is also available by dialing 1-866-776-2061 in the U.S. or 1-706-679-0298 for all other locations. The conference ID number is 24897567 and participants are encouraged to initiate their calls at least 10 minutes in advance of the 5 p.m. EST start time to ensure a timely connection. The webcast and earnings release will be accessible at www.magnachip.com.

A replay of the conference call will be made available the same day and will run for 72 hours. The replay access numbers are 1-855-859-2056 or 1-404-537-3406. The access code is 24897567.

Business Update
Based on preliminary unaudited results, MagnaChip currently expects its fourth quarter 2015 revenue to be approximately $152 million, within MagnaChip’s previously announced $143 million to $153 million guidance range, and gross profit to be approximately 19% of revenue, which is above the previous guidance range of 14% to 16%. The higher than expected gross profit is primarily due to an increase in demand for its AMOLED products as well as better than expected product mix and manufacturing efficiencies.

The foregoing preliminary unaudited results are not final and subject to adjustment. MagnaChip expects to provide its complete financial results for the fourth quarter in its earnings release and conference call on February 17, 2016.

About MagnaChip Semiconductor

Headquartered in South Korea, MagnaChip Semiconductor is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications. MagnaChip Semiconductor believes it has one of the broadest and deepest ranges of analog and mixed-signal semiconductor platforms in the industry, supported by its 30-year operating history, large portfolio of registered and pending patents and extensive engineering and manufacturing process expertise. For more information, please visit www.magnachip.com.

Safe Harbor for Forward-Looking Statements

Information in this release regarding MagnaChip’s forecasts, business outlook, expectations and beliefs are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These statements include statements about our preliminary estimate of fourth quarter 2015 revenue and gross profit. All forward-looking statements included in this release are based upon information available to MagnaChip as of the date of this release, which may change, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include general economic conditions, the impact of competitive products and pricing, timely design acceptance by our customers, timely introduction of new products and technologies, ability to ramp new products into volume production, industry wide shifts in supply and demand for semiconductor products, industry and/or company overcapacity, effective and cost efficient utilization of manufacturing capacity, financial stability in foreign markets and the impact of foreign exchange rates, unanticipated costs and expenses or the inability to identify expenses which can be eliminated, compliance with U.S. and international trade and export laws and regulations by us and our distributors, and other risks detailed from time to time in MagnaChip’s filings with the SEC, including our Form 10-K filed on May 28, 2015 and subsequent registration statements, amendments or other reports that we may file from time to time with the SEC and/or make available on our website. MagnaChip assumes no obligation and does not intend to update the forward-looking statements provided, whether as a result of new information, future events or otherwise.

CONTACTS:

In the United States:
Robert Pursel
Director of Investor Relations
Tel. +1.408.625.1262
robert.pursel@magnachip.com

In Korea:
Chankeun Park
Director of Public Relations
Tel. +82.2.6903.3195
chankeun.park@magnachip.com

Events

Magnachip to Offer High Performance and Cost Competitive 0.13 micron 1.5/2.5V RF SOI Process

SEOUL, South Korea and SAN JOSE, Calif., Jan. 4, 2016 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced today that it now offers a high performance and cost competitive 0.13 micron 1.5/2.5V RF Silicon on Insulator (SOI) process. MagnaChip’s 0.13 micron RF SOI process is a dual-gate process that simultaneously supports 1.5V and 2.5V and uses a Thin-Film SOI wafer, which has far better RF performance than other industry standard wafers.

Switches, Tuners and Low Noise Amplifiers (LNA) are key components of Front-End Modules (FEM) and MagnaChip’s 0.13 micron RF SOI process is optimized for the design of antenna switches, tuners and supports efficient LNA design. In addition, MagnaChip’s 0.13 micron RF SOI process features low cost and competitive performance, and is particularly suited for Cellular and Wi-Fi applications.

The 2.5V switch device process provides a competitive Ron*Coff, a level of performance equal to or better than our competitors. Furthermore, the process also supports 1.5V CMOS including noise figure modeling which helps to enable competitive logic design. Our CMOS process also supports Body-Contacted and Floating-Body, enabling flexible product design. Additionally, the process supports a MiM Capacitor, NMOS Varactor, High-R Poly Resistor and Poly/Diffusion Resistor including three types of inductors. For customers who prefer to use only 2.5V CMOS alone, our 2.5V single-gate process is offered. For customers who require higher-voltage device capabilities, 5V and 20V device support is under development.

“We are very pleased to offer our 0.13 micron 1.5/2.5V RF SOI process solution that combines both high-performance and cost efficiency,” said Dr. TJ Lee, Executive Vice President of MagnaChip’s Foundry Services Group. “We will continue to expand our RF SOI process offerings to meet the growing needs of our global customer-base.”

About MagnaChip Semiconductor
Headquartered in South Korea, MagnaChip Semiconductor is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications. MagnaChip Semiconductor believes it has one of the broadest and deepest ranges of analog and mixed-signal semiconductor platforms in the industry, supported by its 30-year operating history, a large portfolio of registered and pending patents, and extensive engineering and manufacturing process expertise. For more information, please visit www.magnachip.com.

CONTACTS:

In the United States:
Robert Pursel
Director of Investor Relations
Tel. +1-408-625-1262
robert.pursel@magnachip.com

In Korea:
Chankeun Park
Director of Public Relations
Tel. +82-2-6903-3195
chankeun.park@magnachip.com