SEOUL, South Korea and
SAN JOSE, Calif., July 15, 2020 /PRNewswire/ -- MagnaChip
Semiconductor Corporation ("MagnaChip") (NYSE: MX) announced an
expansion of the company's High Frame Rate (HFR) OLED DDIC product
line for smartphones with the introduction of new DDIC products.
HFR is a technology that improves the image quality by increasing
the number of frames (images) used per second. This is a vital
technology for 5G smartphones, as it facilitates a vivid and smooth
visual experience for users.
Anticipating the surge in demand for the 5G smartphone market,
MagnaChip has launched five HFR OLED smartphone DDIC products to
date, following its early start in research and development
efforts. In 2018, MagnaChip began development of a 120Hz HFR DDIC
for FHD+ OLED smartphone displays and, in 2Q 2019, became the first
company in the world to start mass production. All of MagnaChip's
HFR OLED products now support 144Hz for FHD+ displays and 120Hz for
QHD+ displays.
In particular, with the recent release of a super small size
product with the optimal frame rates of FHD+ at 144Hz and QHD+ at
120Hz, MagnaChip is solidifying its standing among the leaders in
the premium OLED DDIC market. MagnaChip's products are renowned for
their robust performance and stability in the market, and MagnaChip
has consistently earned design wins with global mobile phone
manufacturers promptly after launch.
The growth in the global smartphone market is expected to be
driven by the wave of new 5G smartphones from the leading
smartphone manufacturers. According to Omdia, a market
research firm, global 5G smartphone shipments will reach 200
million units in 2020 and will grow five times to 1 billion units,
accounting for 60% of all smartphone shipments in 2023. Recognizing
this market momentum, MagnaChip is rapidly expanding its HFR OLED
DDIC product line with the new products announced today, and it
plans to roll out additional new products in the near future.
"The 5G smartphone industry is booming and with our innovative
HFR OLED technologies, we will continue to take the lead in
developing high-end smartphone DDICs," said YJ Kim, Chief
Executive Officer of MagnaChip.
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
provides a broad range of standard products and manufacturing
services to customers worldwide. MagnaChip, with more than 40
years of operating history, owns a portfolio of approximately 2,950
registered patents and pending applications, and has extensive
engineering, design 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.
CONTACTS:
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United States
(Investor Relations):
So-Yeon
Jeong
Head of Investor
Relations
Tel.
+1-408-712-6151
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