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Strategic Partnerships with Industry Leaders to Combine Best-in-Class OLED Display with Touch, Stylus and Fingerprint IC Technologies to Create Innovative and Lower-Cost Designs

SEOUL, South Korea and SAN JOSE, Calif., April 9, 2019 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip” or the “Company”) (NYSE: MX), a designer and manufacturer of analog and mixed-signal semiconductor products, announced today a new initiative to partner with companies in the development of next-generation display features of smartphones and other mobile or handheld consumer electronics devices. MagnaChip intends to develop individual strategic partnerships with leading manufacturers of touch, stylus, fingerprint technologies, and associated OLED display technologies.

Each of these companies will collaborate with MagnaChip to develop and standardize innovative human-interface solutions based upon smart touch, stylus and fingerprint technologies that are suitable for MagnaChip’s industry leading OLED display driver integrated circuits (DDIC). The goal in each instance will be to improve the functionality of OLED displays on end user devices. Further, there will be a specified collaboration in shared intellectual property that will extend into new applications, for instance in the IoT and automotive sectors.

MagnaChip is the leading independent provider of OLED DDICs, and benefits from long relationships with the top two display panel makers in the world. Further, more than a dozen smartphone OEMs currently use MagnaChip’s OLED DDICs in their smartphone lineups. Over the past 10 years, MagnaChip has shipped more than 400 million OLED DDICs and developed a broad portfolio of patents related to the design and manufacturing of OLED display drivers.

With various market forecasts predicting OLED smartphones to account for more than 50 percent of all smartphones by 2021, the initiative has the potential to expand market-related business opportunities for each member, benefit consumers by offering “best-of-class” display features, and to make OLED the display technology of choice for screens in a wide range of consumer electronics products.

“The series of strategic ecosystem partnerships will create a new de facto OLED display ecosystem that can help us better identify customer needs and develop best-in-class products,” said YJ Kim, Chief Executive Officer of MagnaChip. “Further, by working together, we can achieve innovative and high performance OLED platform solutions, shorten the OLED platform validation cycle, hence reduce “design-in” costs for smartphone and other mobile solutions.”

About MagnaChip Semiconductor
MagnaChip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, industrial and automotive applications. The company’s Standard Products Group and Foundry Services Group provide a broad range of standard products and manufacturing services to customers worldwide. MagnaChip, with about 40 years of operating history, owns a portfolio of approximately 3,000 registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com.

CONTACTS:
United States (Investor Relations):
Bruce Entin
Entin Consulting
Tel. +1-408-625-1262
Investor.relations@magnachip.com

USA media / industry analysts:
Mike Newsom
LouVan Communications, Inc.
Tel. +1-617-803-5385
mike@louvanpr.com

Korea / Asia media:
Chankeun Park
Director of Public Relations
Tel. +82-2-6903-5223
chankeun.park@magnachip.com

MagnaChip’s New Industry Initiative Targets Applications in Smartphones and Mobile Devices and Computing, Industrial and Automotive Segments

SEOUL, South Korea and SAN JOSE, Calif., Oct. 22, 2018 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a designer and manufacturer of analog and mixed-signal semiconductor platform solutions, today announced that volume production of a new Display Driver IC (DDIC) for automotive panel displays has begun.

MagnaChip is planning to expand its business to various automotive display applications in the market, starting with the design-win of new product at a leading Japanese panel maker of automotive CSD (Center Stack Display) panels. The application of this LCD-based display driver product will be further extended to a wide range of automotive applications such as instrument cluster, GPS navigation and car entertainment displays in the future. Over time, it is widely anticipated that OLED display drivers also will be adopted for use in automotive applications.

The new automotive DDIC, S8311, has a maximum of 1440 channel outputs and an mLVDS (Mini Low-Voltage Differential Signaling) interface and supports all types of TFT-LCD such as a-Si (Amorphous silicon), LTPS (Low Temperature Poly Silicon) and IGZO (Indium Gallium Zinc Oxide) for various automotive applications. MagnaChip fabricates the product in-house using the 150nm process, which is a cost-effective method the company has successfully used for many different products in recent years.

According to market research firm IHS, automotive display shipments keep growing with three primary automotive display systems: instrument cluster, center stack and heads-up display system. Based on current trends, IHS forecasts that global shipments of automotive display panels will rise to 165Mpcs in 2018 and increase to 200Mpcs in 2022.

“As the global automotive display market continues to expand, demand for high quality display driver products is expected to grow,” said YJ Kim, CEO of MagnaChip. “With our know-how and long track record of success in the Display market, we will continue to cooperate with major automotive display panel makers to extend our automotive DDIC business from a-Si TFT-LCD to LTPS, IGZO TFT-LCD and further to OLED panel-type displays.”

About MagnaChip Semiconductor

MagnaChip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, industrial and automotive applications. The Company’s Standard Products Group and Foundry Services Group provide a broad range of standard products and manufacturing services to customers worldwide. MagnaChip, with over 30 years of operating history, owns a portfolio of approximately 3,100 registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com. Information on or accessible through, MagnaChip’s website is not a part of, and is not incorporated into, this release.

Source: IHS Markit, Technology Group, Display Long Term Demand Forecast Tracker, Q1 2018. Information is not an endorsement of MagnaChip. Any reliance on these results is at the third party’s own risk. Visit technology.ihs.com for more details.

CONTACTS:

United States (Investor Relations):
Bruce Entin
Entin Consulting
Tel. +1-408-625-1262
Investor.relations@magnachip.com

USA media / industry analysts:
Mike Newsom
LouVan Communications, Inc.
Tel. +1-617-396-8957
mike@louvanpr.com

Korea / Asia media:
Chankeun Park
Director of Public Relations
Tel. +82-2-6903-5223
chankeun.park@magnachip.com

— 40-Nanometer Rigid Display Driver is Newest OLED DDIC in MagnaChip’s Portfolio —

SEOUL, South Korea and SAN JOSE, Calif., May 1, 2018 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip Semiconductor”) (NYSE: MX), a designer and manufacturer of analog and mixed-signal semiconductor platform solutions, announced today it has launched a new third-generation 40-nanometer (nm) OLED display driver integrated circuit (DDIC) for the next wave of OLED smartphone displays. The new rigid OLED DDIC supports various configurations such as FHD to FHD++, a wide aspect ratio up to 21:9 and bezel-less, edge type, and notch-type OLED displays. The 40nm mobile OLED DDIC already has won its first design-in at a leading smartphone player.

The new 40nm mobile OLED DDIC features lower power consumption and stronger protection against Electrostatic Discharge (ESD) and Electromagnetic Interference (EMI), compared to the second generation OLED DDIC and has enhanced compensation features that further improve color and brightness uniformity.

With the addition of this new third-generation 40nm mobile OLED DDIC, MagnaChip’s current mobile OLED display driver portfolio now includes six display drivers, including three 40nm rigid bezeless drivers, two 55nm flexible bezeless drivers, and one110nm rigid OLED driver.

According to industry observers, OLED technology has become the display technology of choice for leading smartphone makers because it is widely considered to enable thinner, curved and bezel-less mobile displays, offer wider color gamut, higher contrast ratio, faster response time for video and lower power dissipation to reduce heat and preserve battery life as compared with last-generation display technologies.

“The launch of our third-generation 40nm mobile OLED DDIC will help usher in the next wave of OLED smartphones with superior screen features,” said YJ Kim, CEO of MagnaChip. “The 40nm OLED DDIC we have introduced today is the latest mobile OLED DDIC in our current mobile OLED portfolio, and we already are far along in the development of a next-generation 28nm flexible OLED DDIC that we anticipate will be sampled by the end of 2018 or early 2019.”

Since establishing volume production of OLED DDIC products in 2007, MagnaChip OLED DDICs have been adopted in a wide range of smartphones as well as other devices including Virtual Reality Head Mounted Displays.

For more information about OLED DDIC, please visit https://www.magnachip.com/display/oleddisplay.php

About MagnaChip Semiconductor
MagnaChip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, industrial and automotive applications. The Company’s Standard Products Group and Foundry Services Group provide a broad range of standard products and manufacturing services to customers worldwide. MagnaChip, with over 30 years of operating history, owns a portfolio of approximately 3,200 registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com.

CONTACTS:

United States (Investor Relations):
Bruce Entin
Entin Consulting
Tel. +1-408-625-1262
Investor.relations@magnachip.com

USA media /industry analysts:
Mike Newsom
LouVan Communications, Inc.
Tel. +1-617-803-5385
mike@louvanpr.com

Korea/Asia media
Chankeun Park
Director of Public Relations
Tel. +82-2-6903-5223
chankeun.park@magnachip.com

SEOUL, South Korea and SAN JOSE, Calif., May 23, 2016 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, was ranked second in the mobile AMOLED display driver IC (DDIC) global market by IHS, Inc., the leading global source of critical information and insight. According to IHS, MagnaChip held a 38% market share in the fourth quarter of 2015 based on unit shipments of its mobile AMOLED display driver IC.

IHS has estimated that Korea based AMOLED display makers led the global mobile AMOLED display panel market with shipments in 2015 capturing 99% global market share. MagnaChip, which designs and manufactures display driver ICs for the mobile AMOLED panel market, accounted for approximately 38% of the mobile AMOLED display driver ICs shipped in 2015.

Since 2009, MagnaChip has been supplying mobile AMOLED display driver IC products that service a wide range of form factors and resolutions from handsets, tablets and TVs including High Definition (HD) to Wide Quad High Definition (WQHD). MagnaChip’s rich IP portfolio and mixed-signal design and manufacturing expertise is the driving factor behind its ability to capture the second largest supplier position in the mobile AMOLED display driver IC market.

YJ Kim, MagnaChip’s CEO stated, “Mobile AMOLED display driver ICs have increasingly become a key product portfolio and high growth opportunity for MagnaChip as the global panel market moves to this new display technology.” Mr. Kim added, “We will continue to focus our efforts proactively in areas that attract new market segments and expand our market share with innovative products such as mobile AMOLED display driver ICs that meet the growing needs of our customers.”

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

SEOUL, South Korea and SAN JOSE, Calif., March 28, 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 display driver ICs for organic light-emitting diode (OLED) TVs has surpassed the 6 million cumulative unit mark since initial shipments began in 2013.

The OLED Display driver IC is a critical semiconductor component transmitting both digital and analog signals to an OLED panel which in turn creates and displays an image. OLED displays require a significantly higher level of device and panel development technology as well as enhanced manufacturing processes beyond what is required for generic flat panel LCD displays. MagnaChip has been supplying its display driver ICs to top-tier OLED TV makers since 2013 and will continue to enhance its OLED product performance and portfolio of products to address the needs of customers in this expanding market.

Market research firm IHS Inc., has projected that the global OLED TV market will record double-digit unit growth into 2020 and beyond while demand for flat panel LCD TVs will remain flat.

OLED TV market forecast (million units)

* Source: IHS Inc. OLED TV shipment forecast

“MagnaChip has been a leader in the development and manufacture of OLED display drivers from the beginning and is well positioned to participate in the growth of this expanding market,” said YJ Kim, MagnaChip’s CEO. “We will continue to strengthen our technology and deliver differentiated and high-quality products in order to meet the growing needs of our global customers.”

About MagnaChip Semiconductor Corporation
Headquartered in South Korea, MagnaChip is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications. MagnaChip 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. Information on or accessible through, MagnaChip’s website is not a part of, and is not incorporated into, this release.

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

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

SEOUL, South Korea and CUPERTINO, Calif., March 5, 2015 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced that the company is now supplying a major Japanese liquid crystal module (LCM) maker with display panel driver ICs for use in Automotive applications.

MagnaChip continuously develops optimized display panel driver ICs in an effort to stay ahead of the ever advancing automotive display technologies for Center Spec Display (CSD) and Center Information Display (CID) as used in automotive dash consoles. As a result of its technology leadership and product competitiveness, MagnaChip was chosen by a leading Japanese LCM maker to supply its newly developed display panel driver ICs for CID & Instrument cluster applications.

Display driver ICs with MagnaChip’s leading-edge device technology for use in automotive applications are key components behind the high-definition image quality that is sought after by automotive component manufacturers.

MagnaChip’s newly released display driver IC chip for automotive use is optimized for multi resolution solutions such as HVGA and Full HD (FHD) which are found in high-definition automotive display panels. MagnaChip’s new display panel drive IC solution not only enhances picture quality but also contributes to enhanced display panel reliability.

Market research firm DisplaySearch* projects that Automotive WVGA~FHD shipments will grow globally from 53.23 million units in 2015 to 74.52 million units by 2018, a 40% increase in the automotive WVGA~FHD display market size.

YJ Kim, interim CEO and General Manager of MagnaChip’s Display Solutions Division, said, “As the market demand for automotive displays steadily increases, MagnaChip will continue to be well-positioned to expand with this growth by continuing to deliver new FHD display panel IC products based on its robust and advanced device technology.”

Automotive WVGA~FHD Shipments Forecast (Million Units)
——————————————————
2015    l    2016    l    2017    l    2018
——————————————————
53.23    l   59.46    l   67.92    l   74.52
——————————————————
* Source: IHS DisplaySearch Quarterly Automotive Monitor Shipment and Forecast Q4’14 Report

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
Senior Manager, Public Relations
Tel. +82-3-6903-3195
chankeun.park@magnachip.com

SEOUL, South Korea and CUPERTINO, Calif., Oct. 23, 2014 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced that the company is now supplying LG Display with display panel driver ICs for Ultra HDTVs.

MagnaChip continuously strives to develop optimized display panel driver ICs in an effort to stay ahead of the ever advancing television technologies such as HDTV and Full HDTV. As a result of its technology leadership and product competitiveness, MagnaChip was chosen by LG Display to supply it with MagnaChip’s newly developed display panel driver ICs for LG Display’s Ultra HDTVs.

Display driver ICs for TVs are key components driving the high-definition quality and require leading-edge device technology to ensure best in class high-resolution picture quality.

MagnaChip’s newly released display driver IC chip for Ultra HDTVs is optimized for a high-definition display panel with Ultra HD 3840×2160 resolution that delivers four times the display quality and performance of Full HD 1920 x 1080 resolution. MagnaChip’s new solution also greatly contributes to enhanced display panel reliability and picture quality.

Market research firm DisplaySearch* projects that Ultra HDTV set shipments will grow globally from 12.68 million units in 2014 to 64.70 million units by 2017, a five-fold increase in the Ultra HDTV market.

YJ Kim, interim CEO and General Manager of MagnaChip’s Display Solutions Division said, “As the demand for ultra-high-resolution TVs begins to quickly increase, the company is well-positioned to expand in the Ultra HDTV display panel driver IC market by continuously delivering new products with its advanced device technology.”

UHD TV Shipments Forecast (Million)
———————————————————–
2014     l     2015     l     2016     l     2017
———————————————————–
12.68     l      29.9     l    48.32     l    64.70
———————————————————–
* Source: NPD DisplaySearch Quarterly Global TV Shipment and Forecast Q3’14 Report

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
Senior Manager, Public Relations
Tel. +82-3-6903-3195
chankeun.park@magnachip.com