Magnachip Announces Expanded Stock Repurchase Program

SEOUL, South KoreaSept. 12, 2022 /PRNewswire/ — Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today announced that the Board of Directors has authorized an expansion of the Company’s previously announced stock repurchase program from $75 million to $87.5 million of the Company’s common stock. The Company has already repurchased shares worth $37.5 million under the program.

(PRNewsfoto/Magnachip Semiconductor)

The remaining $50.0 million of the expanded $87.5 million program will be repurchased in the open market or through privately negotiated transactions. In connection with the repurchase program, the Company has established a stock trading plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934.

The timing of stock repurchases and the number of shares of common stock to be repurchased will depend upon prevailing market conditions and other factors.

 

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to the safe harbor created thereby. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements are often, but not always, made through the use of words or phrases such as “may,” “will,” “will be,” “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe(s),” “intend,” “predict,” “potential,” “future,” “strategy,” “opportunity” and similar words or phrases or the negatives of these words or phrases. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated, including, but not limited to: the impact of changes in macroeconomic and/or general economic conditions, including those caused by or related to inflation, potential recessions or other deteriorations, economic instability or civil unrest the COVID 19 pandemic or the emergence of various variants of the virus or other outbreaks of disease, and governmental lock-downs or other measures implemented in response thereto, and the Russia-Ukraine conflict; manufacturing capacity constraints or supply chain disruptions that may impact our ability to deliver our products or affect the price of components, which may lead to an increase in our costs, as well as impacting demand for our products from customers who are similarly affected by such capacity constraints or disruptions; the impact of competitive products and pricing; timely design acceptance by our customers; timely introduction of new products and technologies; ability to ramp new products into volume production; industry wide shifts in supply and demand for semiconductor products; industry and/or company overcapacity or supply constraints; effective and cost efficient utilization of manufacturing capacity; financial stability in foreign markets and the impact of foreign exchange rates; unanticipated costs and expenses or the inability to identify expenses which can be eliminated; compliance with U.S. and international trade and export laws and regulations by us, our customers and our distributors, including those related to the Russia-Ukraine conflict; change or ratification of local or international laws and regulations, including those related to environment, health and safety; public health issues, including the COVID-19 pandemic or the emergence of various variants of the virus; other business interruptions that could disrupt supply or delivery of, or demand for, Magnachip’s products, including uncertainties regarding the impacts of the COVID-19 pandemic or the emergence of various variants of the virus that may result in factory closures, reduced workforces, scarcity of raw materials and goods produced in infected areas, as well as reduced consumer and business spending affecting demand for Magnachip’s products due to government and private sector mandatory business closures, travel restrictions or the like to prevent the spread of disease; and other risks and uncertainties and the factors identified under “Risk Factors” in Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, and updated in subsequent reports filed by the Company with the U.S. Securities and Exchange Commission and/or make available on our website. These reports are available at www.magnachip.com/kr or www.sec.gov. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them in light of new information or future events.

 

About Magnachip Semiconductor
Magnachip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, computing, industrial and automotive applications. The Company provides a broad range of standard products to customers worldwide. Magnachip, with more than 40 years of operating history, owns a portfolio of approximately 1,100 registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com/kr. Information on or accessible through Magnachip’s website is not a part of, and is not incorporated into, this release.

 

CONTACT:
Yujia Zhai
The Blueshirt Group
Tel. (860) 214-0809
Yujia@blueshirtgroup.com

 

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SOURCE Magnachip Semiconductor Corporation

매그나칩, 3세대 200V MV MOSFET 출시

– 200V MV MOSFET 3종 출시로 경전기차(LEV) 모터 컨트롤러 및 산업용 전원 장치 시장에서 점유율 확대 예상

 

2022년 9월 6일, 매그나칩반도체 유한회사(“매그나칩”) (대표이사 김영준, NYSE:MX)는 경전기차 모터 컨트롤러와 산업용 전원 장치에 특화된 3세대 200V MV (medium voltage) MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) 3종을 출시했다고 밝혔다.

Magnachip introduces third- generation 200V MV MOSFETs
Magnachip introduces third- generation 200V MV MOSFETs

 

전력 기기에서 에너지 효율을 높이는 것은 매우 중요하다. 이번에 출시된 200V MV MOSFET은 3세대 Trench MOSFET 기술을 적용하여 2세대 100V MV MOSFET 제품과 비교해 정전 용량을 50% 줄였다. 그리고, 코어 셀과 칩 종단부 설계를 개선하여 *온저항과 **게이트 총 전하량이 낮아져 우수한 성능 지수(Figure of Merit)를 달성할 수 있게 되었다.

또한, 이번 3세대 MOSFET 제품들은 각각 Surface Mount Device 타입의 TOLL (TO-Leadless), M2PAK, 그리고 Through-hole 타입의 TO-220 패키지를 적용하여 제품 크기를 줄이고 열 방출 기능을 크게 개선했다. 그리고, 빠른 스위칭과 높은 파워 밀도를 구현하여 에너지 효율이 높아지고 -55℃부터 최대 175℃ 접합 온도를 보장하면서 우수한 애벌런치 내구성을 갖추어 높은 효율과 안정성을 요구하는 경전기차의 모터 컨트롤러 및 산업용 전원 장치에 최적화되어 있다.

시장조사업체 옴디아의 데이터에 따르면, 실리콘 모스펫 시장에서 차량용과 산업용 부문은 2020년에서 2025년까지 연평균 11.5% 및 9.6% 증가할 것으로 예측된다. 특히, 경전기차 시장은 탄소배출 감축에 대한 노력과 효율적이고 경제적인 이동 수단에 대한 수요 증가로 인해 빠르게 성장하고 있다.

매그나칩 김영준 부회장은 “차량 및 산업 분야에서 안정적이고 효율적인 전력 공급을 위한 고성능 MV MOSFET에 대한 수요가 증가하고 있다.”라며, “매그나칩은 40V에서부터 200V까지 다양한 프리미엄 MV MOSFET 제품을 지속적으로 개발하여 고객사의 제품 경쟁력을 강화하고 시장을 확대해 나갈 것”이라고 말했다.

매그나칩 3세대 200V MV MOSFET은 경전기차 모터 컨트롤러 및 산업용 전원 장치에 최적화되어 있다
매그나칩 3세대 200V MV MOSFET은 경전기차 모터 컨트롤러 및 산업용 전원 장치에 최적화되어 있다.

 

*온저항(RDS(on)): MOSFET이 ON 동작할 때, 드레인과 소스 사이의 저항

**게이트 총 전하량(Qg): MOSFET을 ON 동작시키기 위해 게이트 전극에 주입이 필요한 전하량

 

제품 특징

  • 낮은 온저항 및 스위칭 손실
  • 우수한 열 방출 능력
  • -55℃~최대 175℃의 접합 온도 보장
  • 경전기차, 배터리 관리 시스템(BMS), 스위치 모드 전원 장치(SMPS), 전동 공구 등 광범위한 애플리케이션에 적용 가능

 

관련 링크

파워솔루션 > MV MOSFETs > 200V

 

매그나칩반도체

매그나칩은 통신, IoT, 가전, 컴퓨팅, 산업, 자동차 등의 애플리케이션에 탑재되는 아날로그 및 혼성신호 반도체를 설계·생산하고, 전 세계 고객들에게 표준 규격에 맞는 다양한 솔루션을 제공합니다. 40여 년 동안, 매그나칩은 엔지니어링, 설계 및 제조 공정 영역에서 광범위한 전문 지식을 축적해 왔고, 약 1,100건의 특허를 보유하거나 출원 중입니다. 더 자세한 정보는 www.magnachip.com/kr 에서 확인할 수 있습니다. 매그나칩 웹사이트에 기재된 정보나 매그나칩 웹사이트를 통해서 획득한 정보는 이 보도 자료에 포함되지 않습니다.

 

CONTACTS:

미국 (투자자):
Yujia Zhai
The Bueshirt Group
Tel. +1-860-214-0809
Investor.relations@maganachip.com
미국 미디어 / 업계 분석가:
Mike Newsom
LouVan Communications, Inc.
Tel. +1-617-803-5385
mike@louvanpr.com
한국 / 아시아 미디어:
김민아
Senior manager of Public Relations
Tel. +82-2-6903-3211
pr@maganachip.com

 

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