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20.01.26 - 12:36
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Magnachip Announces the Appointment of Cristiano Amoruso to Its Board of Directors (Business Wire)
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SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today announced the appointment of Cristiano Amoruso as an independent director, effective as of January 14, 2026, to its board of directors.
“On behalf of the Board and management team, we are pleased to welcome Cristiano Amoruso as a director,” said Camillo Martino, Chair of Magnachip's board of directors. “Having known him for more than 15 years, I have seen that Cristiano brings a rare combination of operational leadership and investment acumen in high-growth technology markets. His experience driving transformation and value creation will be highly valuable as we return the company to growth following our transition to a pure play power products company.”
Mr. Amoruso is an accomplished investor and operating executive with deep experience in the semiconductor industry. He is Co-Founder and Chief Investment Officer of Byreforge LLC, a New York- and London-based investment...
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14.01.26 - 12:36
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Magnachip Announces the Retirement of Director Ilbok Lee (Business Wire)
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SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today 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.
“Over more than fourteen years of service, Dr. Lee has made a lasting and meaningful contribution to our Company and our Board,...
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03.11.25 - 22:06
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Magnachip Reports Results for Third Quarter 2025 (Business Wire)
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Q3 Results Summary
Consolidated revenue from continuing operations (which includes Power Analog Solutions (“PAS”) and Power IC (“PIC”) businesses) was $45.9 million, approximately at the mid-point of our guidance range of $44.0 to $48.0 million.
Consolidated gross profit margin from continuing operations of 18.6% was at the low end of our guidance range of 18.5% to 20.5%.
Product revenue from our Communications segment grew 34% sequentially and 95% year over year.
Recent Highlights
Executed multiple operating expense cost reduction programs, including a headcount reduction program, which are expected to generate approximately $2.5 million in annualized savings.
Implemented a plan to reduce the capital expenditure investments for the Gumi fab upgrade by more than 50% over the next two years, compared to the previously expected range of $65 to $70 million.
Launched 30 new-generation PAS products in the first nine months of 2025, with plans to launch at least additional 20 new-generation products in ...
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21.10.25 - 22:06
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Magnachip to Announce Third Quarter 2025 Financial Results on November 3, 2025 (Business Wire)
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SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the third quarter ended September 30, 2025, on Monday, November 3, 2025, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results.
In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call.
Online registration: https://register-conf.media-server.com/register/BI60394e1855934e79b00744c413a48403
A live and archived webcast of the conference call and a copy of the earnings release will be accessible from the 'Investors' section of the company's website at www.magnachip.com.
About Magnachip Semiconductor Corpor...
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11.08.25 - 22:21
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Magnachip Semiconductor Announces YJ Kim to Step Down as CEO; Current Board Chairman Camillo Martino Appointed Interim CEO (Business Wire)
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-Board Continues to Explore Strategic Alternatives; CAPEX Plans to Be Cut by Over 50% Through 2027-SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today announced that YJ Kim has agreed to step down as CEO and as a member of the Board of Directors, effective immediately. Camillo Martino, Chairman of the Board of Directors, has also been appointed Interim Chief Executive Officer, effective immediately.
Magnachip's Interim CEO and Chairman Camillo Martino said, “YJ Kim became CEO during a turbulent period in the Company's history, and has led the firm for the past decade. However, Magnachip now faces several strategic, operational and financial challenges as it transitions to become a pure play power semiconductor company, and this requires new leadership. On behalf of the Board of Directors, I thank YJ for his service and wish him well in his future endeavors.”
Mr. Martino commented, “I am fully committed as Interim CEO and ...
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10.07.25 - 22:09
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Magnachip to Announce Second Quarter 2025 Financial Results on July 31, 2025 (Business Wire)
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SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the second quarter ended June 30, 2025, on Thursday, July 31, 2025, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results.
In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call.
Online registration: https://register-conf.media-server.com/register/BIb2356d591003457bb5c262089f689a13
A live and archived webcast of the conference call and a copy of the earnings release will be accessible from the 'Investors' section of the company's website at www.magnachip.com.
About Magnachip Semiconductor Corporation...
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12.05.25 - 22:15
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Magnachip Reports Results for First Quarter 2025 (Business Wire)
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Q1 Results Summary
Consolidated revenue from continuing operations (which includes Power Analog Solutions (“PAS”) and Power IC (“PIC”) businesses) of $44.7 million was in line with the mid-point of our guidance range of $42.0 to $47.0 million. Excluding Transitional Foundry Services, revenue from continuing operations increased 12.1% year-over-year.
Consolidated gross profit margin from continuing operations of 20.9% was above the high-end of our guidance range of 18.5% to 20.5%.
Repurchased approximately 0.3 million shares for an aggregate purchase price of $1.1 million during the quarter and ended Q1 with cash of $132.7 million.
Announced the shutdown of Display business, which is now classified as discontinued operations from Q1 2025.
Q1 2025 Highlights
Q1 was the fourth consecutive quarter of year-over-year growth from continuing operations primarily driven by Power Analog Solutions (PAS) growth in Communications, as well as strength in Power IC.
PAS revenue from the Communication market was u...
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