SEOUL, South Korea and
SAN JOSE, Calif., July 31, 2019 /PRNewswire/ -- MagnaChip
Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:
MX), a designer and manufacturer of analog and mixed-signal
semiconductor products and a leader in OLED display, announced
today the Company has surpassed the 500 million milestone in
cumulative shipments of OLED DDICs (Display Driver ICs). OLED
display drivers are low-power devices that offer excellent screen
resolution with deep and bright colors that do not require a
backlight and enable full-screen and thinner smartphones.
MagnaChip first introduced the OLED DDIC in 2003 and began mass
production, using the 150- nanometer (nm) process, in 2007.
The Company subsequently introduced a 110-nm driver in 2011, 55-nm
in 2014, 40-nm in 2017 and a 28-nm in 2019. The Company
recently taped out a third 28-nm OLED driver and seventh 40-nm OLED
driver. MagnaChip intends to continue to expand the OLED
display product line for smartphones and for multiple applications
in the consumer, automotive, and industrial sectors. As
compared to the 40-nm platform, the 28-nm product line features a
reduction in footprint and a reduction in power consumption of more
than 20 percent.
"MagnaChip was first to market with an OLED DDIC and we have
truly helped fuel the growing adoption of OLED displays," said YJ
Kim, CEO of MagnaChip. "We now have more than 15 years of
development and production experience with OLED DDICs and are
committed to help meet the expected increased adoption of OLED
display drivers for multiple applications across different end
markets."
MagnaChip announced an OLED Ecosystem Initiative earlier this
year, and announced partnerships with three industry leaders:
ELAN Microelectronics Corp., a leading provider of capacitive touch
controller ICs and Melfas Inc. and HiDeep Inc., two world leaders
in providing one stop Human Machine Interface (HMI)
solutions. Each of these companies will collaborate with
MagnaChip to develop and standardize innovative human-interface
solutions based upon smart touch, stylus and fingerprint
technologies that are suitable for MagnaChip's industry leading
OLED DDIC.
About MagnaChip Semiconductor
MagnaChip is a designer and manufacturer of analog and
mixed-signal semiconductor platform solutions for communications,
IoT, consumer, industrial and automotive applications. The
company's Standard Products Group and Foundry Services Group
provide a broad range of standard products and manufacturing
services to customers worldwide. MagnaChip, with about 40
years of operating history, owns a portfolio of approximately 3,000
registered patents and pending applications, and has extensive
engineering, design and manufacturing process expertise. For more
information, please visit www.magnachip.com.
CONTACTS:
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United States
(Investor Relations):
Bruce
Entin
Entin
Consulting
Tel.
+1-408-625-1262
Investor.relations@magnachip.com
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USA media /
industry analysts:
Mike
Newsom
LouVan
Communications, Inc.
Tel.
+1-617-803-5385
mike@louvanpr.com
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Korea / Asia
media:
Chankeun
Park
Director of Public
Relations
Tel.
+82-2-6903-5223
chankeun.park@magnachip.com
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SOURCE MagnaChip Semiconductor Corporation