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/PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced its financial results for the third quarter 2021....

Magnachip Reports Results for Fourth Quarter and Year 2020 - Fourth quarter revenue of $142.9 million was up 14.5% sequentially and up 15.9% year-over-year (YoY). It surpassed the midpoint of October guidance by $10.9 million; Full-year revenue of $507.1 million decreased 2.6% YoY due mainly to the exit from the non-automotive LCD business. - Fourth quarter OLED DDIC revenue of $80.4 million set a new quarterly record, representing a 19.0% sequential increase and a 19.4% increase YoY; Full-year OLED revenue of $284.6 million increased 6.5% YoY. - Gross profit margin for the fourth quarter was...