Foundry Services Group News Today

Financial Highlights Q1 consolidated revenue was $49.1 million, within our guidance range of $46-51 million. Q1 standard product business revenue was up 10.6% sequentially. Q1 consolidated...

Magnachip Semiconductor Corporation ("Magnachip" or the "Company") today announced financial results for the first quarter 2024. YJ Kim, Magnachip's Chief Executive Officer, commented, "In Q1 we started the initial revenue ramp for OLED DDICs for...

Announces successful design-wins with Smartphone Chinese OEMs Financial Highlights Q4 revenue of $50.8 million was near the low-end of our guidance range. Q4 gross profit margin was 22.7%,...

Needham analyst Rajvindra Gill reiterated a Buy rating on MagnaChip (MX – Research Report) today and set a price target of $13.00. The com...

Fourth quarter revenue of $61.0 million was near the high-end of our guidance range. YoY, our revenue decreased 44.7% primarily due to severe 28nm wafer...

Revenue of $71.2 million was within our guidance range. The year-over-year and sequential decline were primarily driven by the supply shortages of OLED wafers...

Overall results are mixed, with some suppliers cautious on second-half outlook.

Revenue of $101.4 million was down 2.6% sequentially and down 11.0% year-over-year (YoY). The YoY decrease was mainly due to severe supply shortages for 28nm...

Revenue of $104.1 million was down 5.7% sequentially and down 15.4% year-over-year (YoY). The decrease was mainly due to a 29.3% sequential decline in Display...

/PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced financial results for the fourth quarter and...