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29.06.26 - 22:03
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Magnachip Appoints Chae Lee as Chief Executive Officer (Business Wire)
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Camillo Martino to Continue as Chairman of the BoardSEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation (NYSE: MX, “Magnachip”) announced the appointment of Chae Lee as Chief Executive Officer, effective July 1, 2026. Lee is also expected to join Magnachip's Board of Directors following the effective date of his appointment. Lee succeeds Camillo Martino, who has served as Interim Chief Executive Officer since August 2025 and will continue to serve as Chairman of the Board of Directors.
Lee brings more than 30 years of global semiconductor industry experience spanning power semiconductors, power management integrated circuits (PMIC), sensors, audio amplifiers with expertise in applications, sales, marketing, operations and executive leadership. Most recently, he served as Chief Executive Officer of Tagore Technology, a provider of Gallium Nitride (GaN) semiconductor solutions for Radio Frequency (RF) and Power applications. Prior to Tagore, Lee held senior leadership positions at ...
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09.04.26 - 22:06
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Magnachip to Announce First Quarter 2026 Financial Results on April 28, 2026 (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 first quarter ended March 31, 2026, on Tuesday, April 28, 2026, 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/BId9ff896cba6d4bf6bc5204e0fd2d7a6b
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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04.03.26 - 22:06
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Magnachip Reports Results for Fourth Quarter and Full-Year 2025 (Business Wire)
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Q4 Results Summary
Consolidated revenue from continuing operations (which includes Power Analog Solutions (“PAS”) and Power IC (“PIC”) businesses) was $40.6 million, approximately at the mid-point of our guidance range of $38.5 to $42.5 million.
Consolidated gross profit margin from continuing operations was 9.3%, slightly above the mid-point of our guidance range of 8.0% to 10.0%.
Product revenue from our Communications business grew 24% sequentially and 68% year-over-year.
Q4 Highlights
Launched 24 new-generation products in the fourth quarter.
2025 Highlights
Launched 55 new-generation products in 2025, compared with four for the full year 2024.
Signed a strategic agreement to expand our industrial business based on a jointly developed IGBT technology with Hyundai Mobis.
Executed multiple operating expense cost reduction programs, including a headcount reduction program, expected to generate more than $2 million in annualized savings beginning in Q4 2025.
$21.4 million was spent in 2025 for the...
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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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