SEOUL, South Korea, March 2, 2023 - Magnachip Semiconductor Corporation (“Magnachip”) (NYSE: MX) announced today that the company has released two seventh-generation MXT Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs)1, built on its Super-Short Channel technology, for the battery protection circuit modules in smartphones. Super-Short Channel is Magnachip’s latest design technology to shorten the channel length between the source and the drain to significantly…
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.