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Magnachip to Announce Fourth Quarter and Year 2020 Financial Results on February 17

Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today it will report its results for the fourth quarter and year ended December 31, 2020 on Wednesday, February 17, 2021 after the close of market. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. ....

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Magnachip Reports Results for Fourth Quarter and Year 2020

Magnachip Reports Results for Fourth Quarter and Year 2020
- Fourth quarter revenue of $142.9 million was up 14.5% sequentially and up 15.9% year-over-year (YoY). It surpassed the midpoint of October guidance by $10.9 million; Full-year revenue of $507.1 million decreased 2.6% YoY due mainly to the exit from the non-automotive LCD business.
- Fourth quarter OLED DDIC revenue of $80.4 million set a new quarterly record, representing a 19.0% sequential increase and a 19.4% increase YoY; Full-year OLED revenue of $284.6 million increased 6.5% YoY.
- Gross profit margin for the fourth quarter was 26.9%, up 400 bps sequentially and up 220 bps YoY; Full-year gross profit margin of 25.3% was an increase of 290 bps YoY due mainly to product mix improvement. ....

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MagnaChip to Announce Fourth Quarter and Year 2020 Financial Results on February 17

/PRNewswire/ Magnachip Semiconductor Corporation ("MagnaChip") (NYSE: MX) announced today it will report its results for the fourth quarter and year ended. ....

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MagnaChip Introduces First Power Management IC for Laptops with UHD Display Panels

MagnaChip Introduces First Power Management IC for Laptops with UHD Display Panels
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SEOUL, South Korea, Dec. 17, 2020 /PRNewswire/ MagnaChip Semiconductor Corporation ( MagnaChip ) (NYSE: MX), announced today a new line of power management integrated circuit (PMIC) by introducing its first UHD display panel PMIC for laptops.
MagnaChip (NYSE: MX) has introduced its first power management integrated circuit (PMIC) for laptops with UHD display panels.
PMICs are integrated circuits that include multiple power management functions within a single chip, and they are frequently used to power space-constrained devices where high-efficient and compact form factors are required. They are essential for battery-operated devices since the battery life depends on the efficiency of the PMIC s power management capabilities. ....

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