Magnachip Semiconductor Corp.

The grade, in three tenses

Headline 3.5 out of ten, 8 of 9 metrics filed and 1 estimated: past 3.5 out of ten, present 3.1 out of ten, future 3.9 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

• Surviving crises (past): 2.5 out of ten. 3 warning events since 2017; the latest 2025-03-14. 25th percentile among 99 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Track record (past): 1.3 out of ten. -13.9% a year over 10 filed years; profitable in 3 of 10. 13th percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Shareholder treatment (past): 9.7 out of ten. CrossAssetData estimate 9.7/10, confidence 35 of 100 (one part). 97th percentile among 94 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
• Financial health (present): 4.9 out of ten. ROE -12%: lost 12¢ per shareholder dollar. Leverage 29%: owes 29¢ per asset dollar. 49th percentile among 95 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Industry position (present): 2.4 out of ten. bottom 24% of 97 in its family; net margin -16.6%. 24th percentile among 97 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Leadership (present): 0.5 out of ten. bottom 5% of 66 in its family for leadership; chief executive since 2026. 5th percentile among 66 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
• Room to expand (future): 3.6 out of ten. bottom 36% of 94 in its family for room to expand. 36th percentile among 94 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Growth drivers (future): 3.3 out of ten. bottom 33% of 93 in its family for growth drivers. 33rd percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Expectations vs reality (future): 5.4 out of ten. top 46% of 88 in its family for expectations against reality. 54th percentile among 88 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 10-K filed 2026-03-16 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-10 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-07-29 (on EDGAR). Newest filing: Form S-3, 2026-10-05. Filings on record since 2005. Read from EDGAR 2026-10-12.

How the company works

Read from its Form 10-K filed 2026-03-16.

The people

Leadership has turned over twice in a year. Young-Joon (YJ) Kim, chief executive and a director who had filed as an insider since 2013, signed a separation agreement dated August 11, 2025, and that day Camillo Martino, chairman since June 2020 and a director since August 2016, became interim chief executive. Martino had run Silicon Image from January 2010 until its sale to Lattice Semiconductor in March 2015. Chae Lee then became chief executive under a service agreement effective July 1, 2026, the date Martino's interim executive agreement was terminated, and signs the company's August 2026 quarterly report as chief executive officer. [1, 2, 3, 4, 5, 6, 7]

Shinyoung Park has been chief financial officer since January 2022 and chief accounting officer since March 2020; she joined in April 2014 from Deloitte. Seung Hoon Lee, chief of manufacturing and chief safety officer since 2022, has over 35 years of manufacturing experience at Magnachip and ran the Cheongju and Gumi factories from 2015 to 2020. The board's four nominees in 2026 were Martino; Gilbert Nathan, the lead director and managing member of Jackson Square Advisors; Kyo-Hwa (Liz) Chung, a director since July 2020 and until December 2025 a legal head at Netflix Services Korea; and Cristiano Amoruso of the investment firm Byreforge Management, who also sits on the board of Navitas Semiconductor. [8, 9, 10, 11, 12, 13, 14, 15]

At December 31, 2025 Magnachip employed 711 people: 411 in manufacturing (36 in engineering and 375 in operations and maintenance), 163 in sales, marketing and administration, 108 in research and development and 29 in quality. Of the 688 at its Korean subsidiary, 370 belonged to a union of factory workers and 71 to a union of office workers, about 64% in all. [16, 17, 18]

How it operates

Magnachip designs and makes power semiconductors, the chips that switch and convert electricity inside electronics. Power Analog Solutions, 89.7% of 2025 revenue, are discrete power switches: MOSFETs, which switch, shape or transfer electricity, and IGBTs for higher-power uses. Power IC, 10.3%, covers AC-DC and DC-DC converters, LED drivers, regulators, power management chips (PMICs) and level shifters, sold mainly to makers of televisions and large display panels. Its chips go into televisions, phones, PCs, servers, appliances, cars and industrial gear such as e-bikes, solar inverters and motor drives; it sold about 350 distinct products in 2025. [19, 20, 21, 22, 23, 24]

It sells to electronics makers, contract manufacturers and subsystem designers, mostly through agents and distributors, which handled 66% of 2025 Power Solutions sales, down from 77%. The ten largest customers took 74.3%, and one, SAMT Co., Ltd., took 29.7%, up from 25.4%; its products reached 185 end customers. By billing location, Korea took 49.2% of Power Solutions sales and the rest of Asia Pacific 45.9%, while the United States accounted for only 5.0 million dollars. After a design win it often fixes a product's price for a set period and renegotiates from time to time, and its prices tend to fall over a product's life. [25, 26, 27, 28, 29, 30, 31, 32]

It makes its power switches in its one fab, in Gumi, Korea, with capacity of about 36,000 eight-inch equivalent wafers a month at geometries of 0.13 to 0.35 microns, and also uses an outside foundry; Power IC wafers come from an independent foundry that allocates production at its own discretion. It leases facilities for administration, sales and research in Cheongju and Seoul, and its specialized raw materials come from a limited number of suppliers. [33, 34, 35, 36, 37]

It reports in U.S. dollars, but the business sits in Korea: the fall of the Korean won against the dollar caused foreign currency losses in 2024 and 2025, much of it on dollar loans to its Korean subsidiary. The Gumi fab also backs its borrowing from Korea Development Bank: about 27.9 million dollars of a working capital term loan is secured by a pledge of the fab's properties. [38, 39, 40]

The specifics

Magnachip was carved out of Hynix Semiconductor, now SK hynix, in October 2004, and completed its initial public offering in March 2011. It has since shed businesses: in September 2020 it sold its foundry services business and its Cheongju fab, known as Fab 4, to SK keyfoundry; in March 2025 it chose to become a pure-play power company, judging its display chip business not sustainable; it approved shutting that business in April 2025 and finished liquidating the subsidiary that ran it on October 29, 2025. [41, 42, 43, 44, 45, 46, 40]

Its technical base, in its own telling: about 45 years of operating history, more than 950 registered patents and pending applications expiring over roughly the next 19 years, about 110 engineers, and know-how in ultra-high voltage, high voltage and deep trench BCDMOS, manufacturing processes that combine bipolar, CMOS and DMOS transistors on one chip, run on eight-inch wafer lines. It holds a patent cross-license with Infineon Technologies dating to 2017. In July 2026, after the annual report, it agreed to license silicon carbide (SiC) technology from Navitas Semiconductor to enter high-voltage and ultra-high-voltage SiC power markets, and to bring the technology into its own fab. [47, 48, 49, 50, 51, 52, 53, 54]

It names no rival companies. It says it competes with independent and captive makers of analog and mixed-signal chips, with emerging companies, and with the in-house chip design and manufacturing of many of its own significant customers, and that pricing pressure on its older products is sharpest in China. [55, 56, 57]

Korean law shapes the plant. Under the Serious Accident Punishment Act of 2021, which makes companies and individuals criminally liable for serious industrial accidents, it appointed Seung Hoon Lee chief safety officer when the law took effect in January 2022, and its Korean subsidiary has been in the Korean Emissions Trading Scheme for greenhouse gases since 2015. [58, 59, 60]

What drives growth, line by line

Power Analog Solutions. The main line: 160.5 million dollars, 89.7% of 2025 revenue, down from 166.8 million. The filing blames competitive pricing pressure on older-generation products, particularly in China, partly offset by stronger demand for low-voltage MOSFETs in communication applications. The line's gross margin fell to 14.9% from 18.9%, on price erosion in China and a one-time incentive program for distributors there in the fourth quarter of 2025. [61, 57, 62, 63]

Power IC. 18.4 million dollars, 10.3% of revenue, down from 19.0 million. It earns a far richer gross margin than the power switches, 41.0%, down from 44.4%. [61, 62]

Transitional Fab 3 foundry services. Foundry work for others at the Gumi fab brought in 10.6 million dollars in 2024 and nothing in 2025, having been phased out by the end of 2024. [64, 65]

By region, Korea grew 10.2% to 88.0 million dollars on demand for power products such as low-voltage MOSFETs in communication applications, while the rest of Asia Pacific fell 16.9% to 82.0 million under price pressure on older products in consumer and industrial uses. [66, 67]

In all, revenue fell 8.9% to 178.9 million dollars, the fifth yearly decline in a row on the record, from 507.1 million in 2020, though those years span the 2020 sale of the foundry business and the 2025 display shutdown, so they are not like for like. The operating loss widened to 35.9 million dollars from 26.0 million, while the net loss narrowed to 29.7 million from 54.3 million. [64, 68, 43, 44, 69, 70]

What comes next, in the company's own words: it spent 30.0 million dollars on plant and equipment in 2025, 21.4 million of it upgrading the Gumi fab, which it expects to support new-generation products and improve gross margin; it plans to widen its customer base in China, Hong Kong and Taiwan while keeping capital spending relatively low. In June 2026 it set up a program to sell up to 50.0 million dollars of new shares over time, for purposes that may include technologies for AI data centers and robotics, and it expects the Navitas technology to serve energy and grid infrastructure, energy storage, industrial electrification and automotive systems. [71, 72, 73, 74, 75, 76, 54]

What the desk infers (inferred, not filed)

• SAMT, which bought nearly three tenths of Power Solutions sales, is most likely a Korean distributor rather than a manufacturer, standing in front of large Korean electronics makers. Because: Two thirds of Power Solutions sales went through agents and distributors. [25] SAMT took 29.7% of Power Solutions sales, up from 25.4% the year before. [26] Korea, by billing location, took 49.2% of Power Solutions sales and grew 10.2% on demand for low-voltage MOSFETs in communication applications. [29, 66] The company says its Korean operations sit close to many of its largest customers. [77] Confidence 60 of 100. Wrong if: A filing describing SAMT as a manufacturer that builds its own products with Magnachip's chips.
• Magnachip's problem is price more than volume: its older power switches are being undercut, above all in China, so it is spending to upgrade Gumi for newer products rather than adding capacity for old ones. Because: The filing blames the Power Solutions decline on competitive pricing pressure on older-generation products, particularly in China. [57] Power Analog Solutions' gross margin fell to 14.9% from 18.9% on price erosion and a one-time incentive for distributors in China. [62, 63] Asia Pacific outside Korea fell 16.9% under that pressure, while Korea grew on low-voltage MOSFETs. [67, 66] Of 30.0 million dollars of 2025 capital spending, 21.4 million went to upgrading Gumi for new-generation products and better margins. [72] Its prices tend to fall over a product's life as new generations arrive. [32] Confidence 70 of 100. Wrong if: A filing attributing the revenue decline mainly to lower unit volumes, or showing Power Analog Solutions margins recovering on older products alone.
• The outside foundry that makes Power IC wafers is probably SK keyfoundry, running the Cheongju fab Magnachip sold it in 2020. Because: It sold its foundry business and its Cheongju fab, Fab 4, to SK keyfoundry in September 2020. [43] It began outsourcing 8-inch wafers for Power IC after that sale, for geometries its own fab cannot make. [78] The business it sold offered specialty analog and mixed-signal foundry services, and Power IC runs on standard BCD processes. [79, 80] Its only remaining fab is Gumi, at 0.13 to 0.35 microns. [33] Confidence 45 of 100. Wrong if: A filing that names a company other than SK keyfoundry as the Power IC wafer foundry.

Sources

1. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Separation Agreement, dated as of August 11, 2025, by and between the Company and YJ Kim”
2. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Camillo Martino, Chairman and Interim Chief Executive Officer. Mr. Martino has served as the Company’s Chairman of the Board since June 2020 and as a director since August 2016. Effective August 11, 2025, Mr. Martino was also appointed Interim Chief Executive Officer of the Company.”
3. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Mr. Martino previously served as a director of Cypress Semiconductor from 2017 through to 2020, a director of Sensera from 2018 to 2024, and was also the Chief Executive Officer of Silicon Image Inc. from January 2010 until the completion of its sale to Lattice Semiconductor Corporation in March 2015.”
4. Magnachip Semiconductor Corp., Form 10-Q filed 2026-08-10: “Executive Service Agreement, effective as of July 1, 2026, by and among Magnachip Semiconductor Corporation, Magnachip Semiconductor, Ltd. and Chae Lee.”
5. Magnachip Semiconductor Corp., Form 10-Q filed 2026-08-10: “Termination Agreement, regarding a certain Executive Service Agreement dated as of September 30, 2025 and related agreements, effective as of July 1, 2026, by and between Magnachip Semiconductor, Ltd. and Camillo Martino.”
6. Magnachip Semiconductor Corp., Form 10-Q filed 2026-08-10: “s/ Chae Lee Chae Lee Chief Executive Officer”
7. The record on this page: the officers and directors who file Forms 3, 4 and 5 (the SEC's insider data sets)
8. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Ms. Shinyoung Park became our Chief Financial Officer in January 2022 and became our Chief Accounting Officer in March 2020. Ms. Park previously served as the Company’s Corporate Controller from November 2018 to February 2020. Prior to that, she served as the SEC Reporting and Accounting Director from April 2015 to October 2018. Before joining the Company in April 2014, from 2005 to March 2014, Ms. Park served in various senior advisory and audit service positions at Deloitte, a public accounting firm.”
9. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Mr. Seung Hoon Lee has served as our Chief of Manufacturing and Chief Safety Officer since 2022. He was Acting Co-General Manager of Power Analog Solutions from 2024 to 2025. Prior to that, Mr. Lee served as Chief of Manufacturing for the factories in Cheongju and Gumi, Korea from 2015 to 2020.”
10. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Mr. Lee, who has over 35 years of manufacturing and industrial EHS experience at Magnachip, concurrently serves as the Chief of Manufacturing of MSK.”
11. Magnachip Semiconductor Corp., Form DEF 14A filed 2026-04-30: “The nominees to the Board are Mr. Camillo Martino, Mr. Gilbert Nathan, Mr. Cristiano Amoruso and Ms. Kyo-Hwa (Liz) Chung.”
12. Magnachip Semiconductor Corp., Form DEF 14A filed 2026-04-30: “Gilbert Nathan, Lead Director, Chair of the Audit Committee and the Nominating and Corporate Governance Committee, Member of the Compensation Committee. Mr. Nathan is the Managing Member of Jackson Square Advisors LLC, a financial advisory and services firm.”
13. Magnachip Semiconductor Corp., Form DEF 14A filed 2026-04-30: “Ms. Chung was appointed as our director in July 2020. Ms. Chung most recently served as the Senior Director of Legal for Netflix Services Korea, a position she held from April 2021 until December 2025.”
14. Magnachip Semiconductor Corp., Form DEF 14A filed 2026-04-30: “Mr. Amoruso is Managing Partner and Portfolio Manager of Byreforge Management LP, a New York and London-based investment firm that seeks to drive long-term value at publicly listed companies by partnering with management and boards on a combination of operational and strategic improvements. He currently serves as a member of the board of directors for Navitas Semiconductor.”
15. Magnachip Semiconductor Corp., Form DEF 14A filed 2026-04-30: “Mr. Nathan was appointed as Lead Director in connection with the appointment of Mr. Camillo Martino as Interim Chief Executive Officer.”
16. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Our worldwide workforce consisted of 711 employees (full- and part-time) as of December 31, 2025, of which 163 were involved in sales, marketing, general and administrative, 108 in research and development (including 35 with advanced degrees), 29 in quality, reliability and assurance, and 411 in manufacturing (comprised of 36 in engineering and 375 in operations, maintenance and others).”
17. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “As of December 31, 2025, of the 688 employees at our Korean subsidiary, 370 employees at Magnachip Semiconductor, Ltd. were represented by the First Union, and 71 employees at Magnachip Semiconductor, Ltd. were represented by the Second Union. Approximately 64% of our employees at our Korean subsidiary was represented by the Magnachip Semiconductor Labor Unions.”
18. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “The First Union represents member employees who are factory workers and the Second Union represents member employees who are office workers, in both cases at our Korean subsidiary.”
19. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “We are a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions for various applications, including industrial, automotive, communication, consumer and computing.”
20. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Power Analog Solutions products include metal oxide semiconductor field effect transistors (“MOSFETs”), and insulated-gate bipolar transistors (“IGBTs”) for a range of devices, including televisions, smartphones, mobile phones, wearable devices, desktop PCs, notebooks, tablet PCs, home appliance, other consumer electronics, automotive, and industrial applications such as power suppliers, e-bikes, photovoltaic inverters, LED lighting and motor drives. Our Power Analog Solutions business represented 89.7% and 84.9% of our total revenues for the fiscal years ended December 31, 2025 and 2024, respectively.”
21. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “MOSFETs are used in applications to switch, shape or transfer electricity under varying power requirements.”
22. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Our Power IC products provide power management solutions to major television suppliers and large panel display suppliers. These products include AC-DC/DC-DC converters, LED drivers, regulators, power management integrated circuits (“PMICs”) and level shifters for a range of devices, including televisions, wearable devices, notebooks, tablet PCs and other consumer electronics”
23. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Our Power IC business represented 10.3% and 9.7% of our total revenues for the fiscal years ended December 31, 2025 and 2024, respectively.”
24. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “We sold approximately 350 distinct products in the year ended December 31, 2025, with a substantial portion of our revenues derived from a relatively limited number of customers.”
25. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “For the years ended December 31, 2025 and 2024, we derived 34% and 23% of net sales from our Power Solutions business through our direct sales force, respectively, and 66% and 77% of net sales from our Power Solutions business through our network of authorized agents and distributors, respectively.”
26. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “We sell our products to consumer, computing, communication, automotive and industrial electronics OEMs, original design manufacturers and electronics manufacturing services companies, as well as subsystem designers. For the years ended December 31, 2025 and 2024, our ten largest customers accounted for 74.3% and 73.4% of net sales from our Power Solutions business, respectively. For the year ended December 31, 2025, sales to SAMT Co., Ltd. (“SAMT”) represented 29.7% of net sales from our Power Solutions business. For the year ended December 31, 2024, sales to SAMT represented 25.4% of net sales from our Power Solutions business.”
27. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “For the years ended December 31, 2025 and 2024, our products were sold to 185 and 165 end customers, respectively”
28. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “We report net sales – Power Solutions business by geographic region based on the location to which the products are billed.”
29. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Korea $ 88.0 49.2 % $ 79.9 43.0 % $ 8.1 Asia Pacific (other than Korea) 82.0 45.9 98.7 53.1 (16.7 ) United States 5.0 2.8 2.1 1.1 2.8”
30. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “For the year ended December 31, 2025, we recorded revenues of $5.0 million from customers in the U.S. and $173.9 million from all foreign countries, of which 50.6% was from Korea and 36.9% was from Greater China.”
31. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “design wins and the products enter into mass production, we often specify the pricing of a particular product for a set period of time, with periodic discussions and renegotiations of pricing with our customers.”
32. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “The prices of our products tend to decrease regularly over their useful lives, and such price decreases can be significant as new generations of products are introduced by us or our competitors.”
33. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Our manufacturing operations take place in a single fabrication facility located in Gumi, Korea. Our facility has a capacity of approximately 36,000 eight-inch equivalent wafers per month. We manufacture wafers utilizing geometries ranging from 0.13 to 0.35 microns.”
34. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “We manufacture our Power Analog Solutions products by utilizing our in-house manufacturing facility as well as an external foundry to address a broad portfolio of power products while we seek to maximize return on capital investments and our cash flow generation.”
35. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “We use independent foundry services for certain of our Power IC products. Silicon wafer production at the external foundry is allocated solely by the vendor and beyond our direct control.”
36. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “In addition to our fabrication facility in Gumi, we lease facilities in Cheongju and Seoul, Korea. Each of these facilities includes administration, sales and marketing and research and development functions.”
37. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “We use processes that require specialized raw materials that are generally available from a limited number of suppliers.”
38. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “The net foreign currency loss for the years ended December 31, 2025 and 2024 was due to the depreciation in value of the Korean won relative to the U.S. dollar during the period.”
39. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “A substantial portion of our net foreign currency gain or loss is non-cash translation gain or loss associated with the intercompany long-term loans to our Korean subsidiary, which is denominated in U.S. dollars, and is affected by changes in the exchange rate between the Korean won and the U.S. dollar.”
40. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “As of December 31, 2025, we had approximately $27.9 million aggregate principal amount of indebtedness outstanding under the working capital term loan (the "Term Loan") borrowed pursuant to the Loan Agreement, which is secured by a pledge of the properties of our fabrication facility in Gumi ("Fab3").”
41. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Our business was named “MagnaChip Semiconductor” when it was acquired from SK hynix Inc., formerly known as Hynix Semiconductor, Inc. (“SK hynix”), in October 2004.”
42. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “On March 10, 2011, we completed our initial public offering.”
43. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “On September 1, 2020, we completed the sale of our Foundry Services Group business and our fabrication facility located in Cheongju, Korea (known as “Fab 4”) to SK keyfoundry Inc. This sale was part of a strategic shift in our operational focus to our standard products business.”
44. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “On March 12, 2025, we announced that our Board of Directors and management team have made the decision to become a pure-play Power company to drive revenue growth, improve profitability, and maximize shareholder value.”
45. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “This decision was based on the determination by our Board of Directors and management team that the Display business (the “Discontinued Business”) was not sustainable and could not be restructured in a manner that would enable the Company to achieve profitable growth.”
46. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “On April 6, 2025, our Board of Directors unanimously approved the plan to shut down the Discontinued Business, including the liquidation of MMS, our indirect wholly owned subsidiary that operated the Discontinued Business. On October 29, 2025, we completed the liquidation of MMS.”
47. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “We have a proven record with approximately 45 years of operating history, a portfolio of more than 950 registered patents and pending applications and extensive engineering and manufacturing process expertise.”
48. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Our registered patents expire at various times approximately over the next 19 years.”
49. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Our product development efforts are supported by a team of approximately 110 engineers as of December 31, 2025.”
50. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Expertise in ultra-high voltage (UHV), high voltage and deep trench Bipolar-Complementary Metal-Oxide-Semiconductor and Double-Diffused Metal-Oxide-Semiconductor (BCDMOS) process technologies, low power analog and mixed-signal design capabilities and packaging know-how are key requirements in the power management market.”
51. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Our in-house process technology capabilities and eight-inch wafer production lines increase efficiency and contribute to the competitiveness of our products.”
52. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Patent Cross-License Agreement, with an effective date as of June 15, 2017, by and between Infineon Technologies AG and Magnachip Semiconductor, Ltd.”
53. Magnachip Semiconductor Corp., Form 10-Q filed 2026-08-10: “In July 2026, we entered into a strategic partnership with Navitas Semiconductor Corporation (“Navitas”) to accelerate adoption of SiC technologies in high-voltage (“HV”) and ultra-high-voltage (“UHV”) power markets. Under the terms of the agreement, we will license certain Navitas technology to enter the HV and UHV SiC markets, enabling us to build on Navitas' proven SiC device platforms for next-generation power conversion applications.”
54. Magnachip Semiconductor Corp., Form 10-Q filed 2026-08-10: “At the same time, we and Navitas will seek to port, qualify, and internalize the technology at our fabrication facility in order to help accelerate our entry into SiC technology. The licensed technologies are expected to support next-generation applications including energy and grid infrastructure, energy storage, industrial electrification, automotive and other high-power systems.”
55. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Our competitors include other independent and captive manufacturers and designers of analog and mixed-signal integrated circuits, including power management semiconductor devices.”
56. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “We also compete with emerging companies that are attempting to sell their products in certain of our end markets and with the internal semiconductor design and manufacturing capabilities of many of our significant customers.”
57. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Net sales from Power Solutions business were $178.9 million for the year ended December 31, 2025, a $7.0 million, or 3.7%, decrease compared to $185.8 million for the year ended December 31, 2024. The decrease in net sales from our Power Solutions business line was primarily attributable to the competitive pricing pressure on our older generation products, particularly in China, which was offset in part by a higher demand for low-voltage MOSFETs in communication applications.”
58. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “In January 2021, the Korean legislature enacted the Serious Accident Punishment Act (“SAPA”), which imposes criminal liability on individuals and entities responsible for “serious accidents,” including industrial accidents that cause death, serious injury or occupational illness.”
59. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “SAPA went into effect in January 2022, and in connection therewith, we appointed Mr. Seunghoon Lee as the Chief Safety Officer of Magnachip Semiconductor, Ltd.”
60. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Since 2015, our Korean subsidiary has been subject to a new set of greenhouse gas emissions regulation, the Korean Emissions Trading Scheme, or K-ETS, under the Act on Allocation and Trading of Greenhouse Gas Emission Allowances.”
61. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Power Analog Solutions $ 160.5 89.7 % $ 166.8 84.9 % $ (6.3 ) Power IC 18.4 10.3 19.0 9.7 (0.6”
62. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Power Analog Solutions $ 23.8 14.9 % $ 31.5 18.9 % $ (7.7 ) Power IC 7.5 41.0 8.4 44.4 (0.9”
63. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “The year-over-year decrease in gross profit and gross profit as a percentage of net sales was primarily attributable to an unfavorable product mix, driven by ASP erosion resulting from increased pricing pressure on our older generation products, particularly in China, as well as the impact of a one-time incentive program provided to distributors in China during the fourth quarter of 2025.”
64. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Total revenues were $178.9 million for the year ended December 31, 2025, a $17.6 million, or 8.9%, decrease compared to $196.4 million for the year ended December 31, 2024. This decrease was due to the phase-out of transitional Fab 3 foundry services revenue by the end of 2024 and a decrease in revenue from Power Solutions business.”
65. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Net sales from the transitional Fab 3 foundry services were $10.6 million for the year ended December 31, 2024.”
66. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Net sales – Power Solutions business in Korea increased from $79.9 million for the year ended December 31, 2024 to $88.0 million for the year ended December 31, 2025, or by $8.1 million, or 10.2%, primarily due to an increased demand for power products such as low-voltage MOSFETs in communication applications”
67. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Power Solutions business in the Asia Pacific (other than Korea) decreased from $98.7 million for the year ended December 31, 2024 to $82.0 million for the year ended December 31, 2025, or by $16.7 million, or 16.9%, primarily due to a decreased revenue from the competitive pricing pressure on our older generation products in consumer and industrial applications”
68. The record on this page: the filed annual figures (EDGAR's company facts)
69. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “As a result of the foregoing, operating loss of $35.9 million was recorded for the year ended December 31, 2025 compared to operating loss of $26.0 million the year ended December 31, 2024.”
70. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “As a result of the foregoing, a net loss of $29.7 million was recorded for the year ended December 31, 2025 compared to a net loss of $54.3 million for the year ended December 31, 2024.”
71. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “For the year ended December 31, 2025, capital expenditures for property, plant and equipment were $30.0 million, an $18.4 million, or 158.6%, increase from $11.6 million for the year ended December 31, 2024.”
72. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Of the $30.0 million incurred in 2025, approximately $21.4 million was related to investments to upgrade our fabrication facility located in Gumi, Korea. Of these upgrade-related capital expenditures, $17.0 million was funded under the $26.5 million Equipment Financing Credit Agreement, which is specifically designated for equipment purchases or upgrades in our Gumi fabrication facility. These investments to upgrade the Gumi fabrication facility are expected to support the development of new generation products, and upgrade new tools to optimize product mix and improve gross profit margin in the future periods.”
73. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “We expect to continue to expand our global customer base, particularly in China, Hong Kong, and Taiwan, and other high-growth geographies, to penetrate new accounts.”
74. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “We intend to keep our capital expenditures relatively low by maintaining our focus on specialty process technologies that do not require substantial investment in frequent upgrades to the latest manufacturing equipment.”
75. Magnachip Semiconductor Corp., Form 10-Q filed 2026-08-10: “On June 17, 2026, we entered into an At Market Issuance Sales Agreement with B. Riley Securities, Inc., as sales agent, pursuant to which we may offer and sell, from time to time, shares of our common stock having an aggregate offering price of up to $50.0 million under our shelf registration statement”
76. Magnachip Semiconductor Corp., Form 10-Q filed 2026-08-10: “We intend to use any net proceeds from sales under the program for general corporate purposes, which may include investments in strategic growth initiatives and technologies that support AI data centers and robotics.”
77. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Our design center and substantial manufacturing operations in Korea place us close to many of our largest customers and to the core of the global electronics devices supply chain.”
78. Magnachip Semiconductor Corp., Form 10-Q filed 2026-08-10: “As we expanded our design capabilities to products that require lower geometries unavailable at our existing manufacturing facilities, we have started outsourcing 8-inch wafer for Power IC products after the sale of our fabrication facility located in Cheongju, Korea in 2020.”
79. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “The Foundry Services Group business provided specialty analog and mixed-signal foundry services mainly for fabless and Integrated Device Manufacturer semiconductor companies.”
80. Magnachip Semiconductor Corp., Form 10-K filed 2026-03-16: “Power IC utilizes standard BCD process technologies which can be sourced from multiple foundries.”

Who runs it

Lee, Chae (Chief Executive Officer); Martino, Camillo (Chairman and CEO); Park, Shin Young (Chief Financial Officer); Lee, Seunghoon (Chief of Manufacturing); Amoruso, Cristiano (director); Chung, Kyo-Hwa Liz (director); Nathan, Gilbert E (director); Lee, Ilbok (director). 8 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.

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