SEOUL, South Korea and
SAN JOSE, Calif., Feb. 24, 2020 /PRNewswire/ -- MagnaChip
Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:
MX), a designer and manufacturer of analog and mixed-signal
semiconductor products, announced today the company is entering the
wireless earphone market with the introduction of a new MOSFET for
wireless earphones for preventing the battery from overcharging.
This MOSFET is designed to control excessive current flowing
into wireless earphones while recharging the battery in order to
protect wireless earphones from being damaged.
Since 2010, MagnaChip has been providing the world's highest
volume of MOSFETs for smartphone battery charging protection.
MagnaChip expects that the Company's place as the global leading
supplier of MOSFETs will be solidified by virtue of increased
demand in the variety of electronic products including wireless
earphones.
In particular, it is the industry's expectation that the size of
the wireless earphone market may jump from 120 million units in
2019 to 230 million units in 2020, with subsequent annual growth
rate as high as 90 percent.
The new MOSFET is designed to prevent damage to the delicate
circuitry of the wireless earphone charging case by blocking
excessive voltage from flowing to the charger. It also allows
for highly-stable charging environment by blocking electrostatic
discharge as high as 2kV from penetrating into the earphone
charger, which often occurs during recharging. In addition to
implementing strategies to increase the market share of MOSFETs for
wireless earphones, MagnaChip is poised to expand the application
of MOSFETs into wearable products such as smartwatches and VR
(Virtual Reality) headsets.
Mr. Y.J. Kim, CEO of MagnaChip, said: "The charging performance
is one of the key elements of wireless earphones in determining
their overall quality and competitiveness. Our new MOSFET
will contribute greatly to the increase of charging
stability." Mr. Kim added: "Based on our research and
development capabilities progressed over the last several years,
MagnaChip sees this sector as an excellent opportunity to diversify
our target markets and we will continue to offer top quality MOSFET
products for diverse applications."
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
|
USA media /
industry analysts:
Mike
Newsom
LouVan
Communications, Inc.
Tel.
+1-617-803-5385
mike@louvanpr.com
|
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