MagnaChip Provides 3rd Party IP, Specialty 0.18 micron BCD process

 

SEOUL, South Korea and SAN JOSE, Calif., Sept. 7, 2016 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced today it has begun volume production of a Power Management IC (PMIC) designed by Himax, a Taiwanese leading fabless company, using MagnaChip’s specialty 0.18 micron BCD (Bipolar CMOS-DMOS) technology process.

MagnaChip collaborated on the PMIC product development with Himax, as both companies plan to expand their presence in the PMIC market. The collaboration follows a similar joint development effort based on MagnaChip’s mature and highly reliable BCD process technology with a major U.S. fabless company. PMIC is a semiconductor that manages and supplies stable power to core chips such as display driver ICs and timing controllers used in digital TVs and monitors.

MagnaChip supported Himax’s product design by providing various process technology options and third-party intellectual property (IP). Volume production commenced approximately one year after the database tapeout of the product, making it possible for Himax to meet its time-to-market goals. With production already underway with Himax, MagnaChip is now engaged on a second product development project with Himax.

“We are pleased to jointly develop and start mass production of a Power Management IC with Himax, a leading fabless company in Taiwan” said YJ Kim, Chief Executive Officer of MagnaChip. “Our collaboration with Himax is part of our strategy to grow together with our customers by using our deep experience in product design and specialty process technologies. MagnaChip and Himax will continue to build on our working relationship and reinforce mutual cooperation in the PMIC market for the future.”

About MagnaChip Semiconductor Corporation
MagnaChip is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer, communication, industrial and computing applications. The Company’s Display Solutions, Power Solutions, and Foundry Services Groups provide a broad range of standard products and manufacturing services to customers worldwide. MagnaChip owns a portfolio of more than 3,500 registered and pending patents, and has extensive engineering, design and manufacturing process expertise resulting from its 30-year operating history.
For more information, please visit www.magnachip.com. Information on or accessible through, MagnaChip’s website is not a part of, and is not incorporated into, this release.

CONTACTS:

In the United States:
Bruce Entin
Entin Consulting
Tel. +1-408-625-1262
Investor.relations@magnachip.com

In Korea:
Chankeun Park
Director of Public Relations
Tel. +82-2-6903-3195
chankeun.park@magnachip.com

SEOUL, South Korea and SAN JOSE, Calif., Sept. 2, 2016 /PRNewswire/ — MagnaChip Semiconductor Corporation (“MagnaChip” or the “Company”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced today that its Board of Directors has unanimously approved a second amendment (“Amendment No. 2”) of its Rights Agreement, dated March 5, 2015, as previously amended by Amendment No. 1 to the Rights Agreement, dated March 2, 2016.

Under the terms of Amendment No. 2, the expiration date of the Rights Agreement has been extended six months to March 5, 2017.

The Rights Agreement is designed to ensure fair and equitable treatment of all MagnaChip shareholders in the event of an unsolicited acquisition offer. The Board has determined that Amendment No. 2 is in the best interest of MagnaChip shareholders, as the Board, with assistance from its Strategic Review Committee, continues to consider and evaluate strategic alternatives that may be available to the Company.

About MagnaChip Semiconductor Corporation
Headquartered in South Korea, MagnaChip is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications. MagnaChip believes it has one of the broadest and deepest ranges of analog and mixed-signal semiconductor platforms in the industry, supported by its 30-year operating history, a large portfolio of registered and pending patents, and extensive engineering and manufacturing process expertise. For more information, please visit www.magnachip.com. Information on or accessible through MagnaChip’s website is not a part of, and is not incorporated into, this release.

Safe Harbor for Forward-Looking Statements
Information in this release regarding MagnaChip’s forecasts, business outlook, expectations and beliefs are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These statements include statements about the Board’s continued evaluation of strategic alternatives. All forward-looking statements included in this release are based upon information available to MagnaChip as of the date of this release, which may change, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include the risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission. MagnaChip assumes no obligation and does not intend to update the forward-looking statements provided, whether as a result of new information, future events or otherwise.

CONTACTS:

In the United States:
Bruce Entin
Entin Consulting
Tel. +1-408-625-1262
Investor.relations@magnachip.com

In Korea:
Chankeun Park
Director of Public Relations
Tel. +82-2-6903-3195
chankeun.park@magnachip.com