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Stock Market & Financial Investment News

News Breaks
June 16, 2014
16:10 EDTMXMagnaChip, SENIS AG sign patent license agreement
MagnaChip Semiconductor announced that it has signed a patent license agreement with SENIS AG, a manufacturer of magnetic field and current measurement instruments based in Zug, Switzerland. With the agreement, MagnaChip acquires the right to use a portfolio of SENIS' patents covering magnetic field and current measurement technologies in its sensor products. MagnaChip expects the agreement to significantly strengthen the company's existing initiatives in sensors and allow development of sensor solutions for new industrial and consumer applications. MagnaChip's existing portfolio of sensors includes the e-Compass and MXM11XX Digital Hall sensor family. According to Gartner, non-optical semiconductor sensor revenue grew 5.9% in 2013 to $6.1B, and is expected to grow to $10.2B in 2018.
News For MX From The Last 14 Days
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May 28, 2015
16:22 EDTMXMagnaChip appoints YJ Kim as CEO, Jonathan Kim as CFO
MagnaChip announced the appointment of YJ Kim as CEO, and Jonathan Kim as EVP and CFO. Both held the same posts on an interim basis for the past year. In addition, the company named Theodore Kim as EVP and Chief Compliance Officer, a newly created position, reporting directly to the board. He continues to serve as General Counsel.
16:20 EDTMXMagnaChip sees Q2 revenue $155M-$165M, consensus $170.60M
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16:19 EDTMXMagnaChip reports Q1 adjusted EPS (28c), two estimates (38c)
Reports Q1 revenue $164.89M, two estimates $179.55M. "We continue to face major challenges as a result of strategic missteps in the past, so we have implemented a comprehensive cost and portfolio optimization program to position MagnaChip for growth over the long-term while we also work to improve fab utilization and boost engineering efficiencies," said CEO YJ Kim.

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