Annuncio • 17h
Magnachip Semiconductor Corporation Showcases MV MOSFET Portfolio For AI Servers And Data Centers At PCIM Europe 2026 Magnachip Semiconductor Corporation announced that it will showcase its Medium-Voltage (MV) MOSFET portfolio for AI server and data center power systems at PCIM Europe 2026, which will be held from June 9 to 11, 2026, in Nuremberg, Germany. At Hall 6, Booth 337, Magnachip will exhibit its MV MOSFET solutions for server and data center power supply units (PSUs), high-performance computing (HPC), and industrial power systems. Magnachip will highlight its MV MOSFET portfolio designed to support high-efficiency and high-density power architectures for AI servers and data centers. Magnachip’s MV MOSFET product family is designed for a broad range of applications including synchronous rectification stages in server and high-performance computing power supply systems, industrial power systems, and solar inverter applications. Based on advanced Shielded-Gate Trench (SGT) technology, the portfolio is designed to support improved current density and switching performance while addressing the requirements of high-temperature and high-density power designs. In addition to its MV MOSFET solutions, Magnachip will also showcase its broader power semiconductor portfolio spanning LV MOSFETs, MV MOSFETs, Super Junction MOSFETs, IGBTs, SiC, and Power ICs. These products support a broad range of automotive and industrial applications, including EV & Automotive — traction inverters, on-board chargers (OBC), and DC-DC converters; Industrial — solar, ESS, motor control, and industrial automation. Magnachip will participate in PCIM Europe 2026 (Hall 6, Booth 337) in Nuremberg, Germany, where it will showcase its MV MOSFET portfolio for AI servers and data centers, along with its broader power semiconductor solutions portfolio. Annuncio • May 04
Magnachip Semiconductor Corporation, Annual General Meeting, Jun 11, 2026 Magnachip Semiconductor Corporation, Annual General Meeting, Jun 11, 2026. Annuncio • Apr 29
Magnachip Semiconductor Corporation Provides Consolidated Earnings Guidance for the Second Quarter of 2026 Magnachip Semiconductor Corporation provided consolidated earnings guidance for the second quarter of 2026. For the quarter, the company expects consolidated revenue from continuing operations (which includes Power Analog Solutions and Power IC businesses) to be in the range of $44.5 million to $48.5 million, roughly flat sequentially and a decrease of 2.3% year-over-year at the mid-point. Annuncio • Apr 23
Magnachip Semiconductor Corporation Launches 8Th-Generation Ultra Low-Rss(On) 12V Batteryfet Designed for Smartphone Battery Power Efficiency Magnachip Semiconductor Corporation announced the launch of two new 8th-generation Ultra Low-Ron 12V low-voltage (LV) MOSFETs designed for high-performance smartphone battery protection circuits (PCMs). These new products target next-generation smartphones, where ultra-fast charging and energy efficiency are increasingly critical, and represent an expansion of Magnachip’s product lineup, strengthening its competitiveness in the mobile battery protection FET market. One of them is in mass production and is currently being supplied to a major global smartphone manufacturer, having demonstrated proven performance and reliability. As smartphones incorporate advanced AI functionalities and increasingly high-performance applications, computational loads are rising, driving the importance of power efficiency and charging performance. As a result, MOSFETs used in battery protection circuits (PCMs) are required to deliver low on-resistance, high current density, and efficient performance within limited board space. In addition, the growing adoption of innovative form factors such as foldable and rollable devices further constrains circuit design space, increasing the importance of enhancing performance within the same footprint while reducing component count. The new products are designed as main switching devices in smartphone battery protection circuits (PCMs), performing critical functions such as overcharge and over-discharge protection, as well as charge and discharge current control. They offer two key advantages: First, by significantly reducing on-resistance within the same package size, the products minimize heat generation. The MDWC12D013PERH achieves more than a 50% improvement in on-resistance (Rss(on)) compared to Magnachip’s 7th-generation device of the same size, resulting in a temperature reduction of up to 10°C under identical test conditions. This reduced heat contributes to extended battery life and improved charging stability in smartphones. Second, enhanced current density and pin-to-pin compatibility enable replacement and integration within existing circuit designs, reducing PCB footprint and the number of FETs required, which helps reduce production costs. This allows manufacturers to utilize the saved space for larger battery capacity or slimmer device designs. The new products incorporate Magnachip’s 8th-generation technology, utilizing a high-density trench cell structure. They reduce specific on-resistance (Rsp) by approximately 48% and improve current density by approximately 185% compared to the previous generation, achieving RSS(on) Typ. below 1mO. Magnachip plans to introduce 22V Ultra Low-Ron products within the year, further expanding its LV MOSFET portfolio for high-performance mobile devices. At PCIM Europe 2026 in Nuremberg, Germany (Hall 6, Booth 337), Magnachip will showcase its power semiconductor solutions, including these new products. Magnachip’s New 8th-generation LV MOSFETs Product VSS [V] RSS(on) [mO] @VGS=3.8V Package (mm) Max. Typ. MDWS12D012PERH 12 1.2 0.9 WLCSP (3.20 x 1.95) MDWC12D013PERH 12 1.2 0.9 WLCSP (2.98 x 1.49). Annuncio • Apr 10
Magnachip Semiconductor Corporation to Report Q1, 2026 Results on Apr 28, 2026 Magnachip Semiconductor Corporation announced that they will report Q1, 2026 results After-Market on Apr 28, 2026 Annuncio • Mar 30
Magnachip Semiconductor Corporation Launches 8th-Generation 40V And 60V MV MOSFETs For Servers And High-Performance PCs Magnachip Semiconductor Corporation announced the launch of its new 8th-generation 40V and 60V Medium-Voltage (MV) MOSFETs, designed for server and high-performance PC power supply units. As power demand in the global server and data center market increases, power efficiency and power density have emerged as important factors for power semiconductor solutions used in servers and data center applications. With these new 8th-generation MV MOSFETs, Magnachip expands its solution offerings to simultaneously meet customers' efficiency and reliability requirements in the fast-growing server and high-performance computing (HPC) power supply market, further reinforcing its competitiveness in high-value-added power solutions. These new products are designed for use in the Synchronous Rectification (SR) stage of server and PC power systems. Incorporating Advanced SGT technology, the 40V products deliver up to 40% improvement in current density and approximately 25% faster switching speed compared to the previous generation, while the 60V products achieve up to 50% improvement in current density and 60% faster switching speed. In addition, fast anti-parallel diode technology is applied to rapidly dissipate residual current generated during switching, which can enhance overall system stability. The devices support a wide operating temperature range of up to 175°C, which enables stable performance even in high-temperature environments, and adopt a compact PDFN56 package to facilitate high-density and compact power designs. Built to meet JEDEC standards, these MOSFETs are designed for use not only in server and high-performance PC power supply units, but also in solar inverters and industrial power systems where high efficiency and reliability are important. Following the launch of the 0.7mO 40V product in May 2025, Magnachip is further strengthening its 8th-generation MV MOSFET portfolio with diverse voltage and RDS(on) options by introducing three additional products: 0.8mO 40V, 1.0mO 40V, and 1.05mO 60V devices. According to global market research firm Omdia, the global server and data center power supply market (Computing and Data Storage) is projected to grow from approximately $2,300 million in 2025 to $3,000 million in 2029, representing a compound annual growth rate (CAGR) of 7.4%. Through this expanded product lineup, Magnachip aims to further strengthen its technological competitiveness and market share in the rapidly growing power semiconductor market. At PCIM Europe 2026 in Nuremberg, Germany (Hall 6, Booth 337), Magnachip will present its latest MV MOSFET solutions, highlighting their role in enabling high-efficiency and high-density power systems. Magnachip’s Server/PSU MXT MV MOSFET Series Product VDS [V] RDS(on),max [mO] @ VGS=10V Vth typ. [V] Package MDU040N007PSLVRH 40 0.7 1.8 PDFN56 MDU040N008PSVRH 40 0.8 3.0 MDU040N010PSVRH 40 1.0 3.0 MDU060N010PSVRH 60 1.05 3.0. Annuncio • Mar 05
Magnachip Semiconductor Corporation Provides Consolidated Earnings Guidance for the First Quarter of 2026 Magnachip Semiconductor Corporation provided consolidated earnings guidance for the first quarter of 2026. Consolidated revenue from continuing operations (which includes Power Analog Solutions and Power IC
businesses) to be in the range of $44.0 to $48.0 million, up 13.4% sequentially and up 2.9% year-over-year at the mid-point. This compares with $40.6 million in fourth quarter 2025 and $44.7 million in first quarter of 2025. Annuncio • Feb 26
Magnachip Semiconductor Corporation Launches New 24V batteryFET for Tri-Fold Smartphone Battery Protection Magnachip Semiconductor Corporation announced the launch of its new 7th-generation 24V MXT LV MOSFET1 specifically designed for battery protection circuits in next-generation tri-fold smartphones, strengthening its presence in the premium foldable smartphone market. The product is now in mass production and is currently being supplied to a major global smartphone manufacturer, having demonstrated proven performance and reliability. The newly introduced 24V Dual N-channel MOSFET (MDWC24D058ERH) incorporates Magnachip's proprietary Super-Short Channel FET (SSCFET®?) technology, reducing chip size by approximately 26% compared to the previous version. Tri-fold smartphones feature a new form factor that folds twice and operates three displays simultaneously, enabling high-performance multitasking. As a result, their internal structures have become more complex, power-efficient and reliable, while also becoming increasingly critical in design. Accordingly, these devices demand highly integrated and efficient MOSFET solutions to manage complex internal structures while ensuring power stability. In addition to tri-fold smartphones, the new product can be applied across a wide range of mobile applications, including wearable devices and tablets. It reduces RSS(on), a major source of power loss, by up to approximately 31%, helping to reduce heat generation. The new product also improves current density per unit area by approximately 48% compared to conventional trench processes, supporting stable voltage control under high-current conditions. In addition, it integrates electrostatic discharge (ESD) protection of more than 2kV, helping to safeguard battery systems from external disturbances. According to market research firm Omdia, the market for silicon power MOSFETs below 40V, including smartphone batteryFETs, is expected to grow from approximately $4.2 billion in 2025 to approximately $5.2 billion in 2029, representing a compound annual growth rate of about 4.6%. Within this market, the premium smartphone segment, including tri-fold smartphones, is expected to drive growth, supported by increasing demand for high-performance and high-efficiency components. Annuncio • Feb 12
Magnachip Semiconductor Corporation to Report Q4, 2025 Results on Mar 04, 2026 Magnachip Semiconductor Corporation announced that they will report Q4, 2025 results After-Market on Mar 04, 2026 Annuncio • Jan 14
Magnachip Semiconductor Corporation Announces Retirement of Director Ilbok Lee, Effective January 14, 2026 Magnachip Semiconductor Corporation announced that Ilbok Lee has notified the Company of his intention to retire from the Company’s Board of Directors, to be effective at the Company’s next scheduled Board meeting to be held on January 14, 2026. Dr. Lee joined Magnachip’s Board in August 2011 and has served in multiple capacities for the Board during that time, including as Chair of the Nominating and Corporate Governance Committee, and as a member of the Board’s Audit, Risk and Strategic Review Committees. During his tenure, Dr. Lee provided critical insight across a broad range of strategic, operational, and governance matters, and has been widely respected for his deep technical insight, thoughtful judgment, and unwavering commitment to the Company, its employees, and its values. Dr. Lee’s departure is due to personal reasons and is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Annuncio • Oct 29
Magnachip Semiconductor Corporation Launches 650V Super Junction TOLL Package Products with Integrated Kelvin Source Magnachip Semiconductor Corporation announced the release of two new 650V Super Junction MOSFET (SJ MOSFET) products, adopting the TO-Leadless (TOLL) package, that are designed to meet the high-power and high-current requirements of premium consumer electronics such as premium TVs, gaming monitors, AI laptop adaptors, and chargers. Current Magnachip products with TOLL packaging, such as the 80V - 200V eXtreme Trench MOSFETs, use a 3-pin configuration. The new 650V SJ MOSFETs have a 4-pin Kelvin configuration, which minimizes the effects of parasitic inductance on the gate-source return path, thereby improving switching stability and overall power efficiency by reducing gate oscillation (Ringing). As compared to a conventional D2PAK package, the 4-pin TOLL package delivers more than a 100% increase in current capability, a 24% reduction in footprint and a 48% reduction in height. Therefore, the 4-pin ToLL package is suitable for smaller PCB and high-power density applications, which demand high power efficiency and effective heat dissipation performance. Annuncio • Oct 22
Magnachip Semiconductor Corporation to Report Q3, 2025 Results on Nov 03, 2025 Magnachip Semiconductor Corporation announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Annuncio • Jul 29
Magnachip Semiconductor Corporation Introduces TOLT-Packaged 80V MXT MOSFET for E-Scooters and LEVs Magnachip Semiconductor Corporation announced the release of a new 80V MXT MV MOSFET, MDLT080N017RH, featuring a TOLT (TO-Leaded Top-Side Cooling) package. The Company has already begun supplying the new MOSFET to a leading global electric motor manufacturer. The TOLT-packaged MOSFET delivers a major advancement in thermal management. Unlike conventional TOLL (TO-Leadless) packages that dissipate heat through the bottom, the TOLT package is engineered to release heat directly from the top via a mounted metal heat sink. This innovative structure substantially reduces thermal resistance between the junction and the external environment, making it well-suited for thermally demanding applications, such as e-scooters and LEVs. Simulations and tests conducted by Magnachip demonstrated that new 80V MOSFET solution achieved an average 22% reduction in junction temperature compared to using standard TOLL packages. This improvement not only extends an application's lifespan, but also enhances the system reliability. Furthermore, the TOLT package enables compact, lightweight application designs due to its high power density and efficient thermal flow that does not compromise current-handling capability and thermal safety margins. Annuncio • Jul 11
Magnachip Semiconductor Corporation to Report Q2, 2025 Results on Jul 31, 2025 Magnachip Semiconductor Corporation announced that they will report Q2, 2025 results After-Market on Jul 31, 2025 Annuncio • May 13
Magnachip Semiconductor Corporation Provides Consolidated Earnings Guidance for the Second Quarter and Reiterates Earnings Guidance for the Full Year 2025 Magnachip Semiconductor Corporation provided Consolidated earnings guidance for the second quarter and reiterated earnings guidance for the full year 2025. For the quarter, the company expects consolidated revenue from continuing operations (which includes PAS and Power IC businesses) to be in the range of $45 million to $49 million, up 5.2% sequentially and up 6.6% year-over-year at the mid-point. This compares with equivalent revenue of $44.7 million in first quarter of 2025 and $44.1 million in second quarter of 2024.
For the full-year 2025, the company currently reiterates Consolidated revenue from continuing operations to grow mid-to-high single digit year-over-year as compared with equivalent revenue of $185.8 million in 2024. Annuncio • Apr 30
Magnachip Semiconductor Corporation, Annual General Meeting, Jun 23, 2025 Magnachip Semiconductor Corporation, Annual General Meeting, Jun 23, 2025. Annuncio • Apr 22
Magnachip Semiconductor Corporation to Report Q1, 2025 Results on May 12, 2025 Magnachip Semiconductor Corporation announced that they will report Q1, 2025 results After-Market on May 12, 2025 Annuncio • Feb 11
Magnachip Semiconductor Corporation to Report Q4, 2024 Results on Mar 12, 2025 Magnachip Semiconductor Corporation announced that they will report Q4, 2024 results Pre-Market on Mar 12, 2025 Reported Earnings • Nov 13
Third quarter 2024 earnings released: US$0.26 loss per share (vs US$0.13 loss in 3Q 2023) Third quarter 2024 results: US$0.26 loss per share (further deteriorated from US$0.13 loss in 3Q 2023). Revenue: US$66.5m (up 8.5% from 3Q 2023). Net loss: US$9.62m (loss widened 86% from 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Annuncio • Nov 02
Magnachip Semiconductor Corporation Provides Consolidated Earnings Guidance for the Fourth Quarter of 2024 Magnachip Semiconductor Corporation provided consolidated earnings guidance for the fourth quarter of 2024. For the quarter, the company expects consolidated revenue to be in the range of $59.0 to $64.0 million, including approximately $2.0 million of Transitional Foundry Services. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.8% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable next year (US$47m net loss next year). Annuncio • Oct 10
Magnachip Semiconductor Corporation to Report Q3, 2024 Results on Oct 30, 2024 Magnachip Semiconductor Corporation announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Reported Earnings • Aug 04
Second quarter 2024 earnings released: US$0.34 loss per share (vs US$0.095 loss in 2Q 2023) Second quarter 2024 results: US$0.34 loss per share (further deteriorated from US$0.095 loss in 2Q 2023). Revenue: US$53.2m (down 13% from 2Q 2023). Net loss: US$13.0m (loss widened 229% from 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Annuncio • Jul 30
Magnachip Semiconductor Corporation Unveils its First 8th-Generation MXT LV MOSFET Designed with Super- Short Channel FET II Magnachip Semiconductor Corporation announced the release of its 8th-generation 1)MXT LV MOSFET (Metal Oxide Semiconductor Field Effect Transistor) for smartphone battery protection circuits. Magnachip has introduced its proprietary Super-Short Channel FET II (SSCFET® II) technology for the first time in the Company’s new 12V Dual N-channel MOSFET (MDWC12D024PERH). SSCFET® II is Magnachip's latest design technology that significantly reduces the channel length, thereby lowering the 2)RSS(on). Compared to the previous generation product of the same size, the RSS(on) of this product is reduced by approximately 22%. This reduction decreases power loss, shortens smartphone charging times, and lowers the internal temperature of smartphones by about 12% in fast charging mode. With global smartphone manufacturers enhancing AI capabilities in smartphones, the importance of MOSFET products is growing. Magnachip's new 12V MXT LV MOSFET features high power efficiency and is optimized for a wide range of battery protection applications in premium smartphones, particularly on-device AI smartphones. According to market research firm Omdia, shipments of on-device AI smartphones are expected to grow at an average annual rate of 50% from 2024 to 2028, reaching 606 million units in 2028. Annuncio • Jul 11
Magnachip Semiconductor Corporation to Report Q2, 2024 Results on Jul 31, 2024 Magnachip Semiconductor Corporation announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Reported Earnings • May 06
First quarter 2024 earnings released: US$0.40 loss per share (vs US$0.49 loss in 1Q 2023) First quarter 2024 results: US$0.40 loss per share (improved from US$0.49 loss in 1Q 2023). Revenue: US$49.1m (down 14% from 1Q 2023). Net loss: US$15.4m (loss narrowed 28% from 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. New Risk • May 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$41m net loss in 2 years). Annuncio • May 03
Magnachip Semiconductor Corporation Provides Consolidated Earnings Guidance for the Second Quarter of 2024 and Reiterates Consolidated Earnings Guidance for the Full Year 2024 Magnachip Semiconductor Corporation provided consolidated earnings guidance for the second quarter of 2024 and reiterated consolidated earnings guidance for the full year 2024. For the quarter, the company expects consolidated revenue to be in the range of $49 million to $54 million, including approximately $1.5 million of Transitional Foundry Services.For the full year, the company reiterates consolidated revenue flat-to-up-slightly year-over-year as recovery in MSS and PAS is offset by the phase-out of Transitional Foundry Services. Annuncio • May 01
Magnachip Semiconductor Corporation, Annual General Meeting, Jun 13, 2024 Magnachip Semiconductor Corporation, Annual General Meeting, Jun 13, 2024, at 20:01 Eastern Daylight. Agenda: To elect the five director nominees named in the Proxy Statement to our Board of Directors; to conduct an advisory non-binding vote on the compensation of our named executive officers as described in the Proxy Statement; to ratify the appointment of Samil PricewaterhouseCoopers as our independent registered public accounting firm for the fiscal year ending December 31, 2024; to conduct an advisory non-binding vote on the frequency of future advisory (non-binding) votes on the compensation of our named executive officers; and to transact such other business as may properly come before the meeting. Annuncio • Apr 30
Magnachip Semiconductor Corporation Boosts Its Extensive Automotive Product Lineup with the Release of A New 40V Mxt Mv Mosfet Magnachip Semiconductor Corporation announced the release of its new 40V MXT MV MOSFET1. With this latest addition, the Company now offers 13 MOSFET and IGBT products for a wide range of automotive applications. As the automotive industry adopts advanced technologies such as autonomous driving and enhanced infotainment systems, the demand for high-efficiency power solutions increases. According to Omdia, a global market research firm, the automotive power discrete market is projected to grow 14% annually from 2024 to 2027. Magnachip entered the automotive sector in April 2022 with its first 40V MOSFET and has since broadened its product offerings by releasing 30V, -40V (P-channel MOSFET2), 60V, and 250V MOSFETs for vehicles. In September 2023, the Company introduced 650V and 1200V IGBTs for positive temperature coefficient heaters and e-compressors for automotive. In the last two years, Magnachip's power products have been integrated into vehicles of major automotive manufacturers in the United States, Korea, Japan and China. Leveraging its technological capabilities, Magnachip now unveils this 40V MOSFET (AMDD040N055RH) in the Decawatt Package (DPAK). The new MOSFET offers exceptional versatility for various automotive applications, such as motor control systems or power seat modules and electric stability control systems for reverse battery protection. Annuncio • Apr 16
Magnachip Semiconductor Corporation to Report Q1, 2024 Results on May 02, 2024 Magnachip Semiconductor Corporation announced that they will report Q1, 2024 results After-Market on May 02, 2024 Recent Insider Transactions • Mar 13
CEO & Director recently bought €91k worth of stock On the 8th of March, Young-Joon Kim bought around 18k shares on-market at roughly €5.13 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Young-Joon has been a buyer over the last 12 months, purchasing a net total of €175k worth in shares. Reported Earnings • Mar 04
Full year 2023 earnings released: US$0.89 loss per share (vs US$0.18 loss in FY 2022) Full year 2023 results: US$0.89 loss per share (further deteriorated from US$0.18 loss in FY 2022). Revenue: US$230.1m (down 32% from FY 2022). Net loss: US$36.6m (loss widened 356% from FY 2022). Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Annuncio • Mar 01
Magnachip Semiconductor Corporation Provides Consolidated Revenue Guidance for First Quarter 2024 and Full-Year 2024 Magnachip Semiconductor Corporation provided consolidated revenue guidance for First Quarter 2024 and full-year 2024. For First Quarter 2024, Consolidated revenue to be in the range of 46 to 51million, including approximately 3 million of Transitional Foundry Services. MSS revenue to be in the range of 8 to 10 million. This compares with MSS equivalent revenue of 8.6 million in Fourth Quarter 2023. PAS revenue to be in the range of 35 to 38 million. This compares with PAS equivalent revenue of 32.6 million in Fourth Quarter 2023.For full-year 2024, the company expects MSS revenue to grow double digits year-over-year as compared with MSS equivalent revenue of 44.4 million in 2023. PAS revenue to grow double digits year-over-year as compared with PAS equivalent revenue of 151.3 million in 2023. New Risk • Feb 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$47m net loss in 2 years). Annuncio • Feb 08
Magnachip Semiconductor Corporation to Report Q4, 2023 Results on Feb 28, 2024 Magnachip Semiconductor Corporation announced that they will report Q4, 2023 results After-Market on Feb 28, 2024 Annuncio • Dec 18
Magnachip Semiconductor Corporation Commences Full-Scale Mass Production of New 30V MXT LV MOSFET for Electric Power Steering Systems Magnachip Semiconductor Corporation announced that the Company has begun full-scale mass production of its new 30V MXT LV Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs) used in Electronic Control Units (ECUs) of Electric Power Steering (EPS) systems. This MOSFET product is being used by a global automaker. The new 30V MXT LV MOSFET provides a stable power supply to EPS, assisting a vehicle's directional control through an electric motor. This product also adheres to rigorous AEC-Q101 standards and guarantees a wide operating junction temperature range between -55°C to 175°C. The new product incorporates a highly rugged trench MOSFET structure in a thick gate oxide, which offers low resistance and excellent switching characteristics. These features reduce switching noise in applications and enhance system performance with high power efficiency. Additionally, the reduced product size, enabled by applying a PDFN 33 package of 3.3mm x 3.3mm, facilitates flexible design options for ECUs. Recent Insider Transactions • Dec 14
Key Executive recently bought €63k worth of stock On the 8th of December, Camillo Martino bought around 10k shares on-market at roughly €6.32 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Camillo's only on-market trade for the last 12 months. Reported Earnings • Nov 08
Third quarter 2023 earnings released: US$0.13 loss per share (vs US$0.38 loss in 3Q 2022) Third quarter 2023 results: US$0.13 loss per share (improved from US$0.38 loss in 3Q 2022). Revenue: US$61.2m (down 14% from 3Q 2022). Net loss: US$5.17m (loss narrowed 70% from 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Annuncio • Nov 01
Magnachip Semiconductor Corporation Commences Mass Production of Two New 650V SJ MOSFETs with a Slim Form Factor Magnachip Semiconductor Corporation announced that the Company has begun mass production of two new 650V Super Junction Metal-Oxide-Semiconductor Field-Effect Transistors (SJ MOSFETs) offerings. These two 650V SJ MOSFETs (MMUB65R090RURH, MMUB65R115RURH) utilize an innovative PDFN88 package, which significantly reduces their thickness and size. The thickness has been reduced by approximately 81% compared to D2PAK products and 63% compared to DPAK products, while the overall footprint has been reduced to about 41% of D2PAK SJ MOSFETs. These new SJ MOSFETs -- upgraded by the PDFN88 package -- offer excellent design flexibility, efficient heat dissipation, and low RDS(on) (the resistance value between the drain and the source of MOSFETs during on-state operation) characteristics. As a result, they are well-suited for various applications that require compact size and high efficiency, such as OLED TVs, servers, lighting products, laptop chargers and adapters. New 650V SJ MOSFETs in a PDFN88 package: Product: MMUB65R090RURH, VDS [V]: 650V, RDS(on): 90mO; Package: PDFN88; Application: OLED TVs, servers, lighting products, laptop chargers, adapters. Product: MMUB65R115RURH; VDS [V]: 650V; RDS(on): 115mO; Package: PDFN88; Application: OLED TVs, servers, lighting products, laptop chargers, adapters. Annuncio • Oct 31
Magnachip Semiconductor Corporation Introduces 6th-Generation 600V SJ MOSFET Developed with Cutting-Edge Microfabrication Technology Magnachip Semiconductor Corporation announced that the Company released its 6th-generation 600V Super Junction Metal Oxide Semiconductor Field Effect Transistor (SJ MOSFET) enhanced with microfabrication technology. This 6(th)-generation 600V SJ MOSFET (MMD60R175S6ZRH) was built on the 180nm microfabrication process and Magnachip's latest design technology. This sophisticated technology improves upon the previous generation of SJ MOSFETs by narrowing the cell-pitches by 50% and lowering the RDS(on) (On resistance: the resistance value between the drain and the source of MOSFETs during on-state operation) by 42%. As a result, this product comes in the same Decawatt Package (DPAK), while offering the low RDS(on) of 175m and outstanding power density. Furthermore, the total gate charge is lowered by approximately 29% compared to the previous generation, resulting in reduced switching loss and enhanced power efficiency. The power efficiency is in fact one of the key features of this product, as it gives product designers flexibility with regards to various applications. In addition, a Zener diode is embedded between the gate and the source to strengthen the ruggedness and reliability of the MOSFET in an application and prevent it from sustaining damage caused by external surges or electrostatic discharges. With its high efficiency, flexible design and reliability, this new 600V SJ MOSFet can be used in a wide range of applications, such as servers, OLED TVs and laptop fast chargers. Omdia, a global market research firm, estimates that worldwide server shipments will grow by 8% annually from 2023 to 2027, while global OLED TV shipments will increase 11% every year, reaching a total of 9.3 million units in 2027. Annuncio • Oct 21
Magnachip Semiconductor Corporation to Report Q3, 2023 Results on Nov 02, 2023 Magnachip Semiconductor Corporation announced that they will report Q3, 2023 results After-Market on Nov 02, 2023 Annuncio • Sep 12
Magnachip Semiconductor Corporation Announces the Launch of Its 1200V and 650V Insulated Gate Bipolar Transistors Magnachip Semiconductor Corporation announced the launch of its 1200V and 650V Insulated Gate Bipolar Transistors (IGBTs), designed for the positive temperature coefficient (PTC) heaters of electric vehicles (EVs). Built upon Magnachip's cutting-edge Field Stop Trench technology, the newly introduced AMBQ40T120RFRTH (1200V) and AMBQ40T65PHRTH (650V) offer a minimum short-circuit withstand time of 10us. This remarkable level of ruggedness enables PTC heaters to be protected from a permanent failure in the event of overcurrent conditions. Furthermore, the thick and large heat sink of the TO-247 package allows these new IGBTs to excel in heat dissipation. Therefore, these IGBTs are well-suited for applications requiring high power and efficiency, such as both the upper and lower sides of power management integrated circuits of PTC heaters. Annuncio • Sep 07
Magnachip Semiconductor Corporation Announces Resignation of Mel Keating as A Member of the Board of Directors Magnachip Semiconductor Corporation received a letter of resignation, dated September 5, 2023, from Mr. Mel Keating, a member of the board of directors of the Company, whose resignation was accepted by the Board and effective as of September 5, 2023. Now that the Company has announced its plan to separate its Display and Power operations into two distinct legal entities, Mr. Keating has decided that, after over 7 years of service as a member of the Board, during which time he led the Audit Committee and the Strategic Review Committee, and given other important and time consuming business obligations, it was the right time to conclude his service to the company. Mr. Keating's resignation is not due to any disagreement with the company over any of its financial reporting, operations, policies or practices. Reported Earnings • Aug 08
Second quarter 2023 earnings released: US$0.095 loss per share (vs US$0.074 loss in 2Q 2022) Second quarter 2023 results: US$0.095 loss per share (further deteriorated from US$0.074 loss in 2Q 2022). Revenue: US$61.0m (down 40% from 2Q 2022). Net loss: US$3.95m (loss widened 18% from 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Annuncio • Jul 28
Magnachip Semiconductor Corporation Announces Management Changes Effective July 24, 2023, Mr. Young-Joon Kim's term as Interim Chief Financial Officer, as well as the principal financial officer and principal accounting officer, of Magnachip Semiconductor Corporation (the Company) concluded following Ms. Shin Young Park's return from her maternity leave. Mr. Kim will continue in his role as Chief Executive Officer of the Company. Annuncio • Jul 22
Magnachip Semiconductor Corporation to Report Q2, 2023 Results on Aug 07, 2023 Magnachip Semiconductor Corporation announced that they will report Q2, 2023 results on Aug 07, 2023 Annuncio • Jul 18
Magnachip Semiconductor Corporation Announces Resignation of Gary Tanner from the Company's Board of Directors Magnachip Semiconductor Corporation announced that Gary Tanner has notified the Company of his intention to resign from the Company's Board of Directors. The Board has accepted his resignation, which was effective as of July 14, 2023. Mr. Tanner joined Magnachip's Board in August 2015 and has served in multiple capacities, such as Non-Executive Chairman of the Board, Chair of the Risk Committee, and a member of the Audit, Compensation and Strategic Review Committees. During his tenure, Mr. Tanner has been instrumental to the Company's trajectory, contributing to the Company's strategic vision, operational details and corporate governance. Most recently, Mr. Tanner led the establishment of the Risk Committee's oversight of the Company's corporate objectives, goals, strategies and initiatives relating to, and attending risks associated with, environmental, social and governance ("ESG") matters, including corporate social responsibility, sustainability, public policy and other related matters such as the formation of a management-level ESG Steering Committee. Mr. Tanner's departure is due to personal reasons. The Company will immediately begin a search for a new independent director to replace Mr. Tanner. Annuncio • Jul 11
Magnachip Semiconductor Corporation Expands its 7th-Generation MXT LV MOSFET Line-Up for Battery Protection Circuits of Mobile Devices Magnachip Semiconductor Corporation announced that the Company has released four new MXT LV Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs), using Super-Short Channel technology, to further expand Magnachip's seventh-generation MXT LV MOSFET line-up for battery protection circuits of mobile devices. Super-Short Channel is Magnachip's latest design technology to reduce Ron (the resistance of MOSFETs during on-state operation) by shortening the channel length between the source and the drain. The Ron of these new MOSFETs has been reduced by 24~40%, compared to previous generations, and as a result, the battery performance is improved with low power losses when a battery is charging or discharging. In addition, Magnachip provides customized design service for these products, based on the application specifications and battery capacities, so the sizes of the MOSFETs can be reduced by 5 to 20% respectively. With these technical capabilities, flexible design and compact size options, the extended MXT LV MOSFET line-up satisfies the various technical requirements of a wide range of mobile devices, from premium foldable phones to wireless earphones. Product features: 7th–generation silicon trench technology; Reduced Ron by approximately 24%~40% compared to the previous generations; Enhanced switching speed through low total gate charge; Outstanding thermal properties; Solutions for a wide range of mobile devices. Annuncio • May 25
Magnachip Semiconductor Corporation Appoints Gilbert Nathan as A Director Effective May 19, 2023, the Board of Directors of Magnachip Semiconductor Corporation increased the size of the Board to seven members and appointed Gilbert Nathan as a director of the Company to serve until the 2024 Annual Meeting of Stockholders or until his successor has been duly elected and qualified, or until his earlier death, resignation, retirement, disqualification or removal. Mr. Nathan has been named to the Strategic Review Committee of the Board. Annuncio • May 05
Magnachip Semiconductor Corporation Provides Revenue Guidance for the Second Quarter of 2023 Magnachip Semiconductor Corporation provided revenue guidance for the second quarter of 2023. The company expects Revenue to be in the range of $58 million to $63 million, including about $8 millions of Transitional Fab 3 Foundry Services. Reported Earnings • May 04
First quarter 2023 earnings released: US$0.49 loss per share (vs US$0.21 profit in 1Q 2022) First quarter 2023 results: US$0.49 loss per share (down from US$0.21 profit in 1Q 2022). Revenue: US$57.0m (down 45% from 1Q 2022). Net loss: US$21.5m (down 325% from profit in 1Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 20
Full year 2022 earnings released: US$0.18 loss per share (vs US$1.26 profit in FY 2021) Full year 2022 results: US$0.18 loss per share (down from US$1.26 profit in FY 2021). Revenue: US$337.7m (down 29% from FY 2021). Net loss: US$8.04m (down 114% from profit in FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annuncio • Feb 18
Magnachip Semiconductor Corporation Provides Earnings Guidance for the First Quarter of 2023 Magnachip Semiconductor Corporation provided earnings guidance for the first quarter of 2023. For the quarter, the company expects Revenue to be in the range of $55 million to $59 million, including about $5 million of Transitional Fab 3 Foundry Services. Annuncio • Feb 02
Magnachip Semiconductor Corporation to Report Q4, 2022 Results on Feb 16, 2023 Magnachip Semiconductor Corporation announced that they will report Q4, 2022 results After-Market on Feb 16, 2023 Annuncio • Dec 30
Magnachip Introduces 8th-Gen 150V MXT MOSFET for Light Electric Vehicles Magnachip Semiconductor Corporation announced that the company has launched its eighth-generation 150V MXT Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) optimized for Light Electric Vehicle (LEV) motor controllers and battery management systems (BMSs). Energy efficiency plays a critical role in electric devices when it comes to power consumption and product stability. This newly-released MOSFET (MDT15N054PTRH) features Magnachip's eighth-generation trench MOSFET technology to lower RDS(on) by 28%, as compared to the previous generation. Based on the enhanced design of the core cell and termination, a high figure of merit can be achieved and an increase in the total gate charge can be avoided. MDT15N054PTRH is available in a surface mount device TO-Leadless (TOLL) package to reduce product size and improve heat dissipation. The energy efficiency is also significantly enhanced by fast switching, while enabling high power density. In addition, a guaranteed operating junction temperature from -55°C up to 175°C and a high level of avalanche ruggedness help the new MXT MOSFET to exceed the performance requirements of LEV motor controllers and BMSs. Annuncio • Nov 16
Magnachip Unveils its First Power Management IC Optimized for OLED IT Devices Magnachip Semiconductor Corporation announced that the company has launched its first Power Management Integrated Circuit (PMIC) for IT devices equipped with OLED screens. A PMIC is a core component to supply power to electronic devices. It plays an increasingly important role as the battery life of handheld IT devices like laptops and tablets is highly dependent on power efficiency. Based on Magnachip's integrated power IC technology, this newly-designed PMIC communicates with a system by using an Inter-Integrated Circuit (I2C). Therefore, it can control functions such as output voltage control, ON/OFF block, output voltage sequence management, protection circuit fault flag, and switching frequency transition -- all of which offer seamless connectivity and outstanding performance. The fast transient response of this PMIC supports a variable refresh rate. This allows a screen to adjust how often it refreshes the image to match the frame rate without user input. This feature greatly reduces power consumption and enables a smooth and comfortable viewing experience for games and high-quality videos at refresh rates of 60Hz~240Hz. In addition, the power circuit can be simple and compact. This new IC incorporates one boost regulator for the power supply to source and gate drivers, one low dropout (LDO) regulator, two voltage reference operational amplifiers, three negative output LDO regulators, three high-current buck regulators for power supply to a timing controller and two operational amplifiers for the gamma buffer. This level of integration results in smaller and faster electronic circuits. Engineered with strong circuit protection, this PMIC also provides over-voltage protection, short circuit protection, thermal shutdown, under voltage lockout, over current detection, over current shutdown and clamping circuit. Reported Earnings • Nov 04
Third quarter 2022 earnings released: US$0.38 loss per share (vs US$0.23 profit in 3Q 2021) Third quarter 2022 results: US$0.38 loss per share (down from US$0.23 profit in 3Q 2021). Revenue: US$71.2m (down 44% from 3Q 2021). Net loss: US$17.2m (down 260% from profit in 3Q 2021). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annuncio • Nov 03
Magnachip Semiconductor Corporation Provides Revenue Guidance for the Fourth Quarter of 2022 Magnachip Semiconductor Corporation provided revenue guidance for the fourth quarter of 2022. Revenue to be in the range of $57 million to $62 million, including about $7 million of Transitional Fab 3 Foundry Services. Annuncio • Oct 20
Magnachip Semiconductor Corporation to Report Q3, 2022 Results on Nov 02, 2022 Magnachip Semiconductor Corporation announced that they will report Q3, 2022 results After-Market on Nov 02, 2022 Annuncio • Sep 07
Magnachip Unveils Third-Generation 200V MV MOSFETs Magnachip Semiconductor Corporation announced that the company has introduced its third- generation 200V Medium Voltage (MV) Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs) for Light Electric Vehicles (LEV) motor controllers and industrial power supplies. To maximize energy efficiency in power devices, Magnachip's new 200V MOSFETs incorporate third-generation trench MOSFET technology. The capacitance was reduced by 50% compared to the previous generation 100V MV MOSFET and the enhanced design of the core cell and termination helps lower RDS(on) and total gate charge to achieve a high figure of merit. In addition, these third-generation MOSFETs are available in surface mount device TO-Leadless Package (TOLL), M2PAK and TO-220 of a through-hole type respectively to reduce product size and enhance heat dissipation. Furthermore, the energy efficiency of these MOSFETs is greatly increased by fast switching and high power density. Coupled with a guaranteed operating junction temperature from -55°C up to 175°C and a high level of avalanche ruggedness, these MOSFETs are well-suited for LEV motor controllers and industrial power supplies requiring high efficiency and stable power supply. Omdia, a global market research firm, estimates that the annual growth rates of the automotive and industrial sectors of the global silicon power MOSFET market will be 11.5% and 9.6% respectively from 2020 to 2025. In particular, LEV markets are expanding quickly alongside efforts to accelerate decarbonisation and demand for efficient and affordable vehicles. Annuncio • Aug 10
Magnachip Semiconductor Corporation Provides Earnings Guidance for the Third Quarter of 2022 Magnachip Semiconductor Corporation provided earnings guidance for the third quarter of 2022. The Company’s near-term outlook is being challenged by further OLED wafer shortages, pushout of initial mass production ramp of new OLED customer outside of Korea, weakening demand in consumer end markets on growing recession fears and cost increases, including labor, due to inflationary pressures. While actual results may vary, looking into the next quarter, Magnachip currently expects: Revenue to be in the range of $70 million to $75 million, including about $9 million of Transitional Fab 3 Foundry Services. Reported Earnings • Aug 09
Second quarter 2022 earnings released: US$0.074 loss per share (vs US$0.004 loss in 2Q 2021) Second quarter 2022 results: US$0.074 loss per share (down from US$0.004 loss in 2Q 2021). Revenue: US$101.4m (down 11% from 2Q 2021). Net loss: US$3.34m (loss widened US$3.14m from 2Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 26
Magnachip Semiconductor Corporation to Report Q2, 2022 Results on Aug 08, 2022 Magnachip Semiconductor Corporation announced that they will report Q2, 2022 results After-Market on Aug 08, 2022 Annuncio • Jul 19
Magnachip Introduces a New 24V MOSFET for Wireless Earphone Batteries Magnachip Semiconductor Corporation announced that the company has unveiled a new 24V Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) for wireless earphone batteries. The new 24V MOSFET addresses the goal of battery designers for long battery life after a quick charge by reducing conduction loss. The core cell density of this new product has been increased by 30% as compared to the previous version, while the design of the core cell, termination and source pads has been enhanced in order to reduce the *RDS(on) by 24%. As a result, the conduction loss is significantly reduced while charging and discharging and the overall efficiency for protecting battery circuits is improved. In addition, this 24V MOSFET features Electrostatic Discharge (ESD) protection to suppress abnormal voltages of more than 5V and can withstand a maximum of 2kV of ESD for strong circuit protection. With these features, the 24V MOSFET can help extend the service life of earphone batteries. Omdia, a global market research firm, estimates that the wireless earphone market will grow 15.1% annually from 2020 to 2026. This new 24V MOSFET is now in mass production and is being supplied for premium earphone batteries used by global earphone manufacturers. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 16% share price gain to €15.10, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total returns to shareholders of 72% over the past three years. Annuncio • Jun 18
Magnachip Semiconductor Corporation Unveils a New 650V IGBT for Solar Inverters Magnachip Semiconductor Corporation ('Magnachip') announced that the company has unveiled a new 650V insulated-gate bipolar transistor (IGBT) for solar inverters. As environmental impacts from climate change are becoming more severe, the use of renewable energy like solar power continues to expand globally to reduce carbon emissions. Omdia, a global market research firm, estimates that the global market for IGBTs in the renewable energy sector will grow 15% annually from 2022 to 2025. In March 2022, Magnachip developed a new 650V IGBT built with advanced "field stop trench technology" for fast switching speed and high breakdown voltages and the company will begin mass production of it this month. The current density of this new 650V IGBT was improved by 30% compared to the prior generation by adopting the latest technology. This IGBT is also designed to provide a minimum short-circuit withstand time of 5µs and it is optimized for parallel switching because of its positive temperature coefficient. The parallel switching of this IGBT will increase the load current and thus the maximum output power. In addition, the 650V IGBT features anti-parallel diodes for fast switching and low switching loss, while guaranteeing a maximum operating junction temperature of 175°C. Based on standards issued by the Joint Electron Device Engineering Council (JEDEC), this new IGBT can be widely used for applications requiring strict power level and high efficiency, such as solar boost inverters and converters, uninterruptible power supplies and universal power inverters. Reported Earnings • May 05
First quarter 2022 earnings released: EPS: US$0.21 (vs US$0.18 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.21 (up from US$0.18 loss in 1Q 2021). Revenue: US$104.1m (down 15% from 1Q 2021). Net income: US$9.53m (up US$17.0m from 1Q 2021). Profit margin: 9.2% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annuncio • May 05
Magnachip Semiconductor Corporation Provides Earnings Guidance for the Second Quarter of 2022 Magnachip Semiconductor Corporation provided earnings guidance for the second quarter of 2022. For the quarter, the company expected Revenue to be in the range of $100 million to $105 million, including about $9.5 million of Transitional Fab 3 Foundry Services and Gross profit margin to be in the range of 33% to 35%. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 26% share price gain to €17.40, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total returns to shareholders of 99% over the past three years. Annuncio • Apr 08
Magnachip Semiconductor Corporation to Report Q1, 2022 Results on May 03, 2022 Magnachip Semiconductor Corporation announced that they will report Q1, 2022 results After-Market on May 03, 2022 Annuncio • Feb 18
Magnachip Semiconductor Corporation Provides Earnings Guidance for the First Quarter of 2022 Magnachip Semiconductor Corporation provided earnings guidance for the first quarter of 2022. For the period, the company expects revenue to be in the range of $102 million to $108 million, including about $9 million of the Transitional Fab 3 Foundry Services. Gross profit margin to be in the range of 34.5% to 36.5%. Annuncio • Jan 14
Magnachip Semiconductor Corporation Launches New Generation of High-Voltage 600V SJ MOSFETs for Wide Range of Consumer Products and Industrial Applications Magnachip Semiconductor Corporation announced that the company has launched 11 new generation high-voltage 600V Super Junction Metal Oxide Semiconductor Field Effect Transistors (SJ MOSFETs). The company has already released product samples and plans to begin mass production of them in March 2022. The new 2.5th generation (2.5G) 600V SJ MOSFETs were developed using new designs based on the latest process technology to improve switching functionality by more than 10% compared to previous generations. As a result, Magnachip has achieved lower switching loss and better power efficiency. For applications requiring high Electrostatic Discharge (ESD) ruggedness, a Zener diode is embedded between a gate and source in order to avoid damage to a MOSFET from an external surge or ESD. The new product family of 600V SJ MOSFETs supports an Rds(on) (drain-source on resistance) of 190~580mOhm and comes in standard packaging formats, such as DPAK TO-220F and TO-220SF. Therefore, these new 2.5G products can be widely used in products and applications including TVs, lighting infrastructure, fast chargers, adapters, PC power and industrial power supplies. They are also well suited for hard- and soft-switching topologies. Magnachip has been delivering high-performance MOSFETs for the last 10 years. Cumulative shipments have now reached 2 billion units since the release of its first SJ MOSFET in 2013. Magnachip has supplied its current flagship 600V SJ MOSFETs to the world's largest TV manufacturers and solidified its competitive edge in the SJ MOSFET market. Recently, major Korean TV manufacturers have stimulated demand by releasing premium models and demand for MOSFETs is expected to increase significantly along with the growth of the premium TV market. Annuncio • Jan 13
Magnachip Semiconductor Corporation Launches New Generation Low-Voltage Metal Oxide Semiconductor Field Effect Transistors Magnachip Semiconductor Corporation announced that the company has launched new generation Low-Voltage Metal Oxide Semiconductor Field Effect Transistors (LV MOSFETs) featuring lower Rss(on) for battery Protection Circuit Modules (PCMs) in smartphones. As demand for high-end 5G and LTE smartphones increases, extended battery life and strengthened protection features for batteries are becoming important. 5G phones, in particular, need long-lasting batteries with high endurance to process the large amount of data for fast download and upload. Magnachip developed the new generation LV MOSFETs with advanced overvoltage and overcurrent protection features to extend battery life and reduce overheating issues. Magnachip began mass production of this new 6.5th generation (6.5G) product last month and it is being used in a new 2022 model from one of the world's large smartphone manufacturers. The Rss(on) of this new 6.5G product is 20% lower than the previous version with the same chip size to reduce current loss and improve heat dissipation. This lower Rss(on) controls a high power density above 25W to prevent a battery from overheating and protect the PCM while the battery is being fast-charged. Also, PCM functionality has been greatly enhanced by an upgraded Electrostatic Discharge (ESD) protection diode. This diode mitigates a maximum of 2kV, based on the human-body model, of ESD to strengthen circuit protection and prevent damage to other smartphone components. Along with this powerful battery protection, the size of chip was significantly reduced to better meet the requirements of new smartphone models. According to Omdia, a market research firm, the global smartphone market will grow 6.3%, with more than 1.4 billion units sold in 2022. The wireless earphone market is also rapidly growing, which will further drive up the demand for LV MOSFETs. Magnachip has sold more than 1.3 billion units of LV MOSFETs in the last 10 years and more than 900 million units of MOSFETs for battery PCMs. Leveraging its technological know-how and business expertise, the company plans to reinforce its market leadership commensurate with the growth of the high-end 5G smartphone market. Annuncio • Jan 07
Magnachip Develops Next-Generation OLED DDIC for Automotive Displays Magnachip Semiconductor Corporation (Magnachip) announced that the company is expanding its organic light-emitting diode display driver integrated circuit (OLED DDIC) product lineup by developing a next-generation OLED DDIC for automotive displays. In recent years, the use of electric vehicles, autonomous driving and connected cars has been increasing and it has driven the demand for automotive semiconductors, which are essential for the rapid advancement of infotainment and driving safety. Magnachip is developing an OLED DDIC for automotive based on the 40nm process technology, which is designed for center stack displays and instrument cluster displays. The company plans to supply the new product to premium European car manufacturers in the first half of 2023. The next-generation DDIC supports a wide range of resolutions including FHD and it is also suited for both rigid and flexible OLED displays. Another key feature of this next-generation DDIC is that it will be made as an "all-in-one solution," which means that source drivers, gate drivers and timing controllers are integrated on a single chip. This feature will enable the production of cost-effective display panels consisting of fewer components. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS US$0.23 (vs US$0.24 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$127.0m (up 1.8% from 3Q 2020). Net income: US$10.8m (up 27% from 3Q 2020). Profit margin: 8.5% (up from 6.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 08
Second quarter 2021 earnings released: US$0.004 loss per share (vs US$0.34 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$113.9m (down 4.2% from 2Q 2020). Net loss: US$198.0k (down 102% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 12
Cornucopia Capital Limited and a group of investors led by Tim Crown, Yango Financial Holdings, Sino-Rock Investment Management Company Limited and Lombarda China Fund agreed to acquire Magnachip Semiconductor Corporation (NYSE:MX) for $1.7 billion. Cornucopia Capital Limited and a group of investors led by Tim Crown, Yango Financial Holdings, Sino-Rock Investment Management Company Limited and Lombarda China Fund made a proposal to acquire Magnachip Semiconductor Corporation (NYSE:MX) for $1.7 billion on June 11, 2021. The consideration will comprise the acquisition of all outstanding shares of Magnachip at $35 per share in cash. In a related transaction, Wise Road Capital Ltd. entered into a definitive agreement to acquire MagnaChip Semiconductor Corporation for $1.4 billion on March 25, 2021. Magnachip's Board of Directors, in consultation with its legal and financial advisors, will carefully review and consider the proposal. Considering this transaction, Magnachip has adjourned the special meeting of stockholders to obtain stockholder approval on the Wise Road transaction from June 15, 2021 to June 17, 2021, to determine whether the Cornucopia proposal can be deemed a superior proposal. Reported Earnings • May 11
First quarter 2021 earnings released: US$0.18 loss per share (vs US$0.89 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$123.0m (up 2.1% from 1Q 2020). Net loss: US$7.47m (loss narrowed 76% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Apr 25
Independent Non-Executive Chairman Nader Tavakoli has left the company On the 22nd of April, Nader Tavakoli's tenure as Independent Non-Executive Chairman ended after 11.5 years in the role. As of December 2020, Nader personally held 95.36k shares (€982k worth at the time). Nader is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improved over the past week After last week's 16% share price gain to US$21.40, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 39x in the Semiconductor industry in Germany. Total returns to shareholders of 179% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.27 per share. Annuncio • Mar 16
Magnachip Semiconductor Corporation Releases New Low-Dropout Linear Regulator Featuring an Ultra-Fast Transient Response for A Universal Flash Storage (Ufs) Based Multi-Chip Package Magnachip Semiconductor Corporation announced that the company has released a new Low-dropout (LDO) linear regulator featuring an ultra-fast transient response for a Universal Flash Storage (UFS) based Multi-Chip Package (MCP). UFS is an advanced version of an Embedded Multi-Media Controller (eMMC), which was developed for concurrent read and write performance at higher speeds. UFS-based MCP is a memory module that integrates UFS controller and memory ICs, such as DRAM or NAND flash. It is mainly used for the storage function in smartphones. Magnachip's LDO linear regulator is designed for the power supply of NAND flash in UFS-based MCP with an input voltage of up to 500mA. It reduces input noise with its power supply rejection ratio function, while providing a low-leakage current of 75uA in deep sleep mode, which will enhance battery life and power efficiency. A key feature of this new product is ultra-fast transient response, minimizing output-voltage fluctuations. Frequent changes in voltage normally occur in UFS-based MCPs due to varying levels of read and write performance. However, ultra-fast transient response regulates these fluctuations to a steady state within 100 nanoseconds. The line regulation and load regulation in UFS-based MCP is maintained at 0.2% and 0.5% respectively, which will guarantee stable power supply. In addition, the dropout voltage is as low as 0.3V, which makes the linear regulator perfect for low-power domain operations of batteries. This linear regulator also ensures robust circuit protection, such as overcurrent protection, thermal shutdown and the power good signal, which indicates that all of the output voltages are within specification. Analyst Estimate Surprise Post Earnings • Mar 11
Revenue beats expectations Revenue exceeded analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 5.4%, compared to a 17% growth forecast for the Semiconductor industry in Germany.