SEOUL, South Korea and BEIJING, Feb. 1, 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 will be hosting its first Foundry Technology Symposium of 2016 at the Hilton Beijing Wangfujing Hotel in Beijing on March 15, 2016. After two successful symposiums in Shanghai and Shenzhen China in September and November of 2015, this upcoming technology symposium in Beijing, China, is a continuation of MagnaChip’s global foundry strategy to enhance MagnaChip’s brand awareness in the China market.
Major topics to be discussed are MagnaChip’s current and future semiconductor foundry business roadmap, specialty technologies, target applications and end-markets. This symposium is a direct response to the increased interest and demand coming from our Chinese fabless customers for advanced analog and mixed-signal specialized foundry technologies.
MagnaChip, which is the largest Korea-based analog and mixed-signal foundry service provider, will highlight in Beijing its technology portfolio with discussions focused on mixed-signal, low power technologies in the Internet of Things (IoT) sector, Bipolar-CMOS-DMOS (BCD) for high-performance analog and power management applications, Ultra-High Voltage (UHV) for LED lighting applications and Non-Volatile Memory (NVM) for touch and MCU applications. In addition, MagnaChip will present technologies used in applications including smartphones, tablet PCs, automotive, LED lighting, consumer wearables and IoT. MagnaChip will also showcase its customer-friendly design environment and an on-line customer service tool known as “iFoundry”.
“We see this Foundry Technology Symposium in Beijing as an opportunity to better understand our customer’s requirements and their technology roadmap,” said YJ Kim, Chief Executive Officer of MagnaChip. “Through this event, we strongly believe that we will be able to better serve our China partners and our global foundry customers with our long history of providing successful foundry services based on our deep technological expertise.”
Many fabless, IDMs (Integrated Device Manufacturers) and other semiconductor companies are expected to attend MagnaChip’s Beijing technology symposium.
To sign up for the event, and to receive more detailed information regarding the symposium, please visit www.magnachip.com.
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
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
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
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
SEOUL, South Korea and SAN JOSE, Calif., Dec. 15, 2015 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced that MagnaChip was selected for the “2015 Excellence Supplier Award” by LG Display.
LG Display annually selects key component suppliers that have demonstrated both product “zero-defect” and “zero-accident” performance during the year. These suppliers are chosen to receive the LG Excellence Supplier of the Year Award. MagnaChip was honored to be selected in recognition of its “zero defect”, “zero accident” performance and also for its contribution to LG Display’s continued process stability and competitive product quality.
“With its strong quality assurance program, MagnaChip has made a significant contribution to LG Display’s process stability and competitive product quality,” said Juil Kim, Head of Paju Quality Assurance at LG Display. “It is our goal for the two companies to continue to maintain high quality performance and products and to grow the cooperative relationship going forward.”
“I am very pleased and excited that we have been selected for the LG Display 2015 Excellence Supplier Award. It is an honor for MagnaChip to be recognized for its high-quality products and performance,” said YJ Kim, MagnaChip’s Chief Executive Officer. “We will strive to continue to deliver the high-value products which world class customers like LG Display have come to expect from us.”
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
SEOUL, South Korea and SAN JOSE, Calif., Oct. 29, 2015 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced financial results for the third quarter ended September 30, 2015.
Revenue for the third quarter of 2015 was $154.4 million, a 4.7% decline compared to $162.0 million for the second quarter of 2015, and down 20.6% compared to $194.3 million for the third quarter of 2014. Foundry Services revenue in the third quarter of 2015 was $71.5 million and Standard Products Group revenue was $82.7 million.
Gross profit was $34.7 million, or 22.5% as a percent of revenue for the third quarter of 2015. This compared with gross profit of $35.3 million, or 21.8%, for the second quarter of 2015 and $42.6 million, or 21.9%, for the third quarter of 2014. Foundry gross profit was 26.1% and Standard Products Group gross profit was 19.1% in the third quarter of 2015.
Net loss, on a GAAP basis, for the third quarter of 2015 totaled $57.1 million, or $1.65 per diluted share, compared to net loss of $30.6 million, or $0.90 per diluted share, for the second quarter of 2015 and net loss of $46.8 million, or $1.37 per diluted share, for the third quarter of 2014. Net loss stemmed primarily from lower revenue and gross profit, as well as from non-cash foreign currency translation loss.
“We continue to face many challenges but in the third quarter we executed on our product strategies, achieved our short-term financial goals and continued to streamline the organization and reduce costs,” said YJ Kim, Chief Executive Officer. “Despite a weak macro environment, revenue in the third quarter came in at the high end of our expectations, as we benefited from the adoption of our standard products by companies in China.”
Chief Financial Officer Jonathan Kim commented, “We are well on our way to achieving our previously announced target to reduce total normalized spending by over $40 million in 2015 compared to 2014. Spending in the first three quarters of 2015 declined by approximately $38 million as compared with the same period last year,” said Mr. Kim, “and our 2016 spending targets are now under review as part of a comprehensive cost reduction plan launched earlier this year.”
Adjusted Net Loss, a non-GAAP measurement, for the third quarter of 2015 totaled $10.4 million, or $0.30 per diluted share, compared to an adjusted net loss of $11.1 million, or $0.32 per diluted share, in the second quarter of 2015 and compared to an adjusted net loss of $6.8 million, or $0.20 per diluted share, for the third quarter of 2014.
Management believes that non-GAAP financial measures, when viewed in conjunction with GAAP results, can provide a meaningful understanding of the factors and trends affecting MagnaChip’s business and operations. However, such non-GAAP financial measures have limitations and should not be considered as a substitute for net income or as a better indicator of our operating performance than measures that are presented in accordance with GAAP. A reconciliation of GAAP results to non-GAAP results is included following the financial statements.
Cash and cash equivalents totaled $68.5 million at the end of the third quarter of 2015, a decrease of $4.2 million from the end of the prior quarter.
The following table sets forth information relating to our operating segments:
Third Quarter and Recent Company Events
Hosted First Foundry Technology Symposium in Shanghai, China on September 22, 2015
Announced Second Foundry Technology Symposium in Shenzhen, China to be held on November 10, 2015
Business Outlook
For the fourth quarter of 2015, MagnaChip anticipates:
Revenue to be in the range of $143 million to $153 million
Gross profit to be 14% to 16% as a percent of revenue
Conference Call
MagnaChip will hold a conference call at 5 p.m. EDT today (October 29, 2015) to discuss the third quarter 2015 financial results. 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 56598267 and participants are encouraged to initiate their calls at least 10 minutes in advance of the 5 p.m. EDT 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 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 56598267.
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.
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 future operating and financial performance, including fourth quarter 2015 revenue and gross profit and expectations related to future spending and cost reduction initiatives. 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
SEOUL, South Korea and SAN JOSE, Calif., Oct. 12, 2015 //PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX) will hold a conference call Thursday, October 29, 2015 at 5 p.m. EDT to discuss the Company’s third 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 56598267 and participants are encouraged to initiate their calls at least 10 minutes in advance of the 5 p.m. EDT 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 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 56598267.
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.
CONTACTS:
In the United States:
Robert Pursel
Director of Investor Relations
Tel. +1.408.625.1262 robert.pursel@magnachip.com
SEOUL, South Korea and SAN JOSE, Calif. and SHENZHEN, China, Oct. 8, 2015 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced today that it will be holding a Foundry Technology Symposium at the Ritz-Carlton in Shenzhen, China, on November 10, 2015. After holding a successful Foundry Technology symposium in Shanghai, China, on September 22, 2015, this second technology symposium in China is part of MagnaChip’s global foundry strategy to specifically increase MagnaChip’s brand awareness in the Chinese market.
Major topics to be discussed are MagnaChip’s current and future semiconductor foundry business roadmap, specialty technology processes, target applications and end-markets. This symposium is a direct response to the increased interest and demand coming from our Chinese fabless customers for advanced analog and mixed-signal specialized foundry technologies.
During the symposium in Shenzhen, MagnaChip, which is the largest Korea-based analog and mixed-signal foundry service provider, will highlight its technology portfolio with discussions focused on mixed-signal, low power technologies in the Internet of Things (IoT) sector, Bipolar-CMOS-DMOS (BCD) for high-performance analog and power management applications, Ultra-High Voltage (UHV) and Non-Volatile Memory (NVM). In addition, MagnaChip will present technologies used in applications including smartphones, tablet PCs, automotive, LED lighting, consumer wearables and IoT. MagnaChip will also showcase its customer-friendly design environment and an on-line customer service tool known as “iFoundry”.
“We hope that this Foundry Technology Symposium in Shenzhen, which is a direct follow-up of our successful event in Shanghai, will better position us to understand our customer’s needs in China,” said YJ Kim, Chief Executive Officer of MagnaChip. “As this is the fifth event we’ve had this year, with our technology symposiums held in Taiwan, the United States and now in Shenzhen, China, we strongly believe that we will be able to better serve our global customers with our long history of providing successful foundry service and our deep technological expertise.”
A multitude of fabless companies, IDMs (Integrated Device Manufacturers) and other semiconductor companies are expected to attend MagnaChip’s Shanghai technology symposium. To sign up for the event, and to receive more detailed information regarding the symposium, please visit www.magnachip.com or ifoundry.magnachip.com.
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
SEOUL, South Korea and SAN JOSE, Calif., Aug. 20, 2015 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced the appointment of Gary Tanner to its Board of Directors. Mr. Tanner’s appointment became effective on August 17, 2015. Mr. Tanner’s appointment fills a vacancy on MagnaChip’s Board of Directors created as a result of the Board increasing the number of directors on the Board to eight directors from seven directors.
Mr. Tanner served as Executive Vice President and Chief Operations Officer of International Rectifier Corporation from January 2013 to July 2015. Mr. Tanner also served as a Director of STATS ChipPac from September 2012 to July 2015. Mr. Tanner previously served as Director, Chief Executive Officer and President of Zarlink Semiconductor, Inc. until it was acquired by Microsemi Corporation in October 2011. Before joining Zarlink in 2007, Mr. Tanner was Vice President of Operations of Legerity, Inc. from 2002 to 2007. During his tenure with Intel Corporation from 1993 to 2002, Mr. Tanner held various management positions managing multiple domestic and international locations. Prior to joining Intel in 1993, Mr. Tanner held various management roles in fab operations at National Semiconductor, Texas Instruments and NCR Corporation.
“We are delighted to appoint Gary Tanner to MagnaChip’s Board of Directors,” said Doug Norby, MagnaChip’s non-executive chairman of the board. “Gary’s global experience and expertise in the semiconductor industry will be a great asset and will enable him to become a valuable contributor to MagnaChip.”
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
SEOUL, South Korea and SAN JOSE, Calif. and SHANGHAI, Aug. 10, 2015 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced today it is hosting its first Foundry Technology Symposium at the Grand Hyatt in Shanghai, China, on September 22, 2015. This first symposium in China is part of MagnaChip’s global foundry strategy to specifically increase MagnaChip’s brand awareness in the Chinese market.
MagnaChip plans to discuss its current and future semiconductor foundry business roadmap, specialty technology processes, target applications and end-markets. This symposium is a direct response to the increased interest and demand coming from our Chinese fabless customers for advanced analog and mixed-signal specialized foundry technologies.
During the symposium in Shanghai, MagnaChip, which is the largest Korea-based analog and mixed-signal foundry service provider, will highlight its technology portfolio with discussions focused on mixed-signal, low power technologies in the Internet of Things (IoT) sector, Bipolar-CMOS-DMOS (BCD) for high-performance analog and power management applications, Ultra-High Voltage (UHV) and Non-Volatile Memory (NVM). In addition, MagnaChip will present technologies used in applications including smartphones, tablet PCs, automotive, LED lighting, consumer wearables and IoT. MagnaChip will also review its customer-friendly design environment and on-line customer service tool known as “iFoundry”.
“We are very pleased to host our first Foundry Technology Symposium in Shanghai and intend to provide a beneficial and an educational event for all of our participants,” said YJ Kim, Chief Executive Officer of MagnaChip. “Through our technology symposiums in Taiwan, the United States and now in Shanghai, we are better able to serve our global customers with our long history of successful foundry service and expertise.
A multitude of fabless companies, IDMs (Integrated Device Manufacturers) and other semiconductor companies are expected to attend MagnaChip’s Shanghai technology symposium. To sign up for the event, and to receive more detailed information regarding the symposium, please visit www.magnachip.com or ifoundry.magnachip.com.
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
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