Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs, liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel. The company also offers metal oxide semiconductor field-effect transistors, insulated-gate bipolar transistors, AC-DC converters, DC-DC converters, LED drivers, regulators, and power management integrated circuits for a range of devices comprising televisions, smartphones, mobile phones, wearable devices, desktop PCs, notebooks, tablet PCs, level shifter, and other consumer electronics, as well as for power suppliers, e-bikes, photovoltaic inverters, LED lighting, and motor drives; and OLED display driver integrated circuit products. It serves consumer, computing, communication, automotive and industrial electronics OEMs, original design manufacturers, and electronics manufacturing services companies, as well as subsystem designers in Korea, the Asia Pacific, the United States, and Europe. The company sells its products through a direct sales force and a network of agents and distributors. Magnachip Semiconductor Corporation was incorporated in 2003 and is based in Cheongju-si, South Korea.
Magnachip Reports Results for Second Quarter 2026
Magnachip reported Q2 revenue of $44.7 million, a 6.1% year-over-year decline that fell short of the guidance midpoint, while gross margin expanded to 19.3% to beat the high end of the outlook.
The company appointed Chae Lee as CEO and launched new 6th-generation 600V SJ MOSFETs, alongside a strategic partnership with Navitas Semiconductor to license SiC technology for high-voltage markets.
For the third quarter, management guided revenue to $41.5 million to $45.5 million, citing supply chain packaging constraints and unfavorable product mix pressure on legacy products.