Market Summary
USD7.71-0.13
Market Closed-1.66%
MX Stock Price
MX RSI Chart
MX Valuation
MX Price/Sales (Trailing)
MX Profitability
MX Fundamentals
MX Revenue
MX Earnings
Price Action
52 Week Range
7.5711.68
(Low)(High)
Last 7 days
-4.2%
Last 30 days
-8%
Last 90 days
-31.6%
Trailing 12 Months
-30.8%
MX Financial Health
MX Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for MX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-15 | NATHAN GILBERT E | bought | 83,900 | 8.39 | 10,000 | - |
2023-08-15 | Chung Kyo-Hwa Liz | back to issuer | -46,515 | 8.41 | -5,531 | - |
2023-08-14 | Kim Young-Joon | bought | 91,023 | 8.36 | 10,888 | see remarks |
2023-06-01 | Chung Kyo-Hwa Liz | acquired | - | - | 18,539 | - |
2023-06-01 | Park Chan Ho | sold (taxes) | -10,732 | 10.26 | -1,046 | see remarks |
2023-06-01 | Tanner Gary W. | acquired | - | - | 21,717 | - |
2023-06-01 | MARTINO CAMILLO | acquired | - | - | 21,717 | - |
2023-06-01 | KEATING MELVIN L | acquired | - | - | 20,657 | - |
2023-06-01 | NATHAN GILBERT E | acquired | - | - | 17,479 | - |
Which funds bought or sold MX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 125,787 | 125,787 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -3.63 | 57,969 | 418,098 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -35.06 | -15,697 | 56,423 | -% |
2023-08-17 | Orion Portfolio Solutions, LLC | reduced | -1.00 | 131,753 | 815,615 | 0.01% |
2023-08-17 | SILVERBACK ASSET MANAGEMENT LLC | unchanged | - | 418,000 | 2,459,600 | 0.34% |
2023-08-15 | CAXTON ASSOCIATES LP | reduced | -43.28 | -112,881 | 243,545 | 0.04% |
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 0.98 | 40,546 | 227,770 | -% |
2023-08-15 | GAMCO INVESTORS, INC. ET AL | unchanged | - | 21,565 | 126,893 | -% |
2023-08-15 | Clearline Capital LP | added | 0.08 | 2,289,550 | 13,420,100 | 0.78% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | added | 0.38 | 5,840,160 | 33,742,400 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of MagnaChip Semiconductor
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| May 15, 2023 | oaktree capital management lp | 6.7% | 2,849,858 | SC 13G | |
| Feb 14, 2023 | toronado partners, llc | 5.46% | 2,410,910 | SC 13G/A | |
| Feb 14, 2023 | alliancebernstein l.p. | 7.2% | 3,190,906 | SC 13G | |
| Feb 14, 2022 | rubric capital management lp | 1.88% | 872,308 | SC 13G/A | |
| Feb 14, 2022 | oaktree capital management lp | 4.95% | 2,300,000 | SC 13G/A | |
| Feb 11, 2022 | toronado partners, llc | 5.00% | 2,323,636 | SC 13G/A | |
| Nov 10, 2021 | morgan stanley | 2.0% | 932,921 | SC 13G/A | |
| Oct 08, 2021 | federated hermes, inc. | 4.30% | 1,998,604 | SC 13G/A | |
| May 24, 2021 | brigade capital management, lp | 2.9% | 1,345,786 | SC 13G/A | |
| Feb 16, 2021 | rubric capital management lp | 7.35% | 2,612,588 | SC 13G/A |
Recent SEC filings of MagnaChip Semiconductor
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 06, 2023 | 8-K | Current Report | |
| Aug 21, 2023 | 4/A | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 16, 2023 | 4 | Insider Trading | |
| Aug 08, 2023 | 10-Q | Quarterly Report | |
| Aug 07, 2023 | 8-K | Current Report | |
| Jul 26, 2023 | 8-K | Current Report | |
| Jul 17, 2023 | 8-K | Current Report | |
| Jun 23, 2023 | S-8 | Employee Benefits Plan |
Peers (Alternatives to MagnaChip Semiconductor)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NVDA | 1.0T | 32.7B | -10.07% | 220.66% | 101.17 | 31.96 | 9.90% | 33.38% |
AVGO | 343.0B | 35.5B | -4.00% | 72.51% | 25.06 | 9.68 | 11.91% | 53.33% |
AMD | 161.9B | 21.9B | -7.28% | 33.34% | -6.5K | 7.4 | 1.39% | -100.80% |
TXN | 147.2B | 18.8B | -3.48% | -1.61% | 19.15 | 7.82 | -3.94% | -10.38% |
INTC | 145.1B | 54.0B | 4.68% | 22.88% | -157.35 | 2.68 | -26.36% | -104.83% |
FSLR | 18.1B | 3.0B | -6.86% | 26.95% | 115.58 | 6.05 | 20.63% | -17.29% |
LSCC | 11.7B | 722.9M | -7.22% | 65.38% | 56.93 | 16.13 | 23.44% | 50.75% |
| MID-CAP | ||||||||
AMKR | 5.5B | 6.9B | -12.42% | 23.72% | 9.5 | 0.8 | 6.33% | -16.28% |
POWI | 4.5B | 514.5M | -4.14% | 15.96% | 49.9 | 8.77 | -28.10% | -51.06% |
| SMALL-CAP | ||||||||
SGH | 1.2B | 1.7B | -2.70% | 33.62% | -44.3 | 0.67 | -7.23% | -137.93% |
ICHR | 877.0M | 1.1B | -12.41% | 10.30% | 38.86 | 0.82 | -8.91% | -64.16% |
AOSL | 790.1M | 691.3M | -8.49% | -14.61% | 63.9 | 1.14 | -11.09% | -97.27% |
CEVA | 483.0M | 122.0M | -0.73% | -25.65% | -15.55 | 3.96 | -9.27% | -3581.39% |
MX | 309.4M | 250.2M | -8.00% | -30.79% | -7.81 | 1.24 | -43.50% | -156.17% |
MagnaChip Semiconductor News
Returns for MX
Cumulative Returns on MX
-10.0%
10-Year Cumulative Returns
-0.5%
7-Year Cumulative Returns
-4.8%
5-Year Cumulative Returns
-16.1%
3-Year Cumulative Returns
Risks for MX
What is the probability of a big loss on MX?
96.9%
Probability that MagnaChip Semiconductor stock will be more than 20% underwater in next one year
81.2%
Probability that MagnaChip Semiconductor stock will be more than 30% underwater in next one year.
57.7%
Probability that MagnaChip Semiconductor stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if MagnaChip Semiconductor was unfortunately bought at previous high price.
Drawdowns
Financials for MagnaChip Semiconductor
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -13.9% | 250 | 291 | 338 | 387 | 443 | 455 | 474 | 507 | 505 | 510 | 507 | 487 | 512 | 534 | 521 | 577 | 634 | 692 | 751 | 746 | 717 |
| Gross Profit | -20.7% | 59.00 | 74.00 | 101 | 124 | 153 | 158 | 154 | 153 | 135 | 134 | 128 | 120 | 127 | 127 | 116 | 130 | 150 | 173 | 198 | 204 | 198 |
| Operating Expenses | -2.4% | 112 | 114 | 107 | 55.00 | 54.00 | 60.00 | 70.00 | 125 | 123 | 115 | 101 | 97.00 | 92.00 | 92.00 | 93.00 | 47.00 | 64.00 | 81.00 | 94.00 | 156 | 154 |
| S&GA Expenses | -1.2% | 48.00 | 49.00 | 51.00 | 52.00 | 53.00 | 54.00 | 52.00 | 52.00 | 52.00 | 51.00 | 50.00 | 51.00 | 49.00 | 48.00 | 48.00 | 26.00 | 34.00 | 42.00 | 48.00 | 79.00 | 77.00 |
| R&D Expenses | -4.0% | 52.00 | 54.00 | 52.00 | 51.00 | 50.00 | 50.00 | 51.00 | 51.00 | 51.00 | 49.00 | 46.00 | 45.00 | 43.00 | 43.00 | 45.00 | 21.00 | 29.00 | 39.00 | 46.00 | 78.00 | 76.00 |
| EBITDA | 100.0% | - | -23.12 | 12.00 | 67.00 | 102 | 111 | 90.00 | 49.00 | 51.00 | 60.00 | 50.00 | 54.00 | 40.00 | 25.00 | 34.00 | - | - | - | - | - | - |
| EBITDA Margin | 100.0% | - | -0.08* | 0.04* | 0.17* | 0.23* | 0.24* | 0.19* | 0.10* | 0.10* | 0.12* | 0.10* | 0.11* | 0.08* | 0.05* | 0.06* | - | - | - | - | - | - |
| Interest Expenses | - | - | - | - | - | - | - | 2.00 | 5.00 | 15.00 | 15.00 | 22.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 |
| Earnings Before Taxes | -7.0% | -41.27 | -38.59 | -2.88 | 52.00 | 88.00 | 94.00 | 74.00 | 30.00 | 23.00 | 33.00 | 11.00 | 13.00 | -7.07 | -27.23 | -18.21 | -70.43 | -39.09 | -51.37 | -26.86 | 45.00 | 33.00 |
| EBT Margin | 100.0% | - | -0.13* | -0.01* | 0.14* | 0.20* | 0.21* | 0.16* | 0.06* | 0.05* | 0.07* | 0.02* | 0.03* | -0.01* | -0.05* | -0.03* | - | - | - | - | - | - |
| Net Income | -1.6% | -39.64 | -39.03 | -8.04 | 43.00 | 71.00 | 74.00 | 57.00 | 70.00 | 332 | 361 | 345 | 302 | 27.00 | -11.45 | -21.83 | -47.63 | -28.80 | -40.79 | -3.90 | 42.00 | 31.00 |
| Net Income Margin | 100.0% | - | -0.13* | -0.02* | 0.11* | 0.16* | 0.16* | 0.12* | 0.14* | 0.66* | 0.71* | 0.68* | 0.62* | 0.05* | -0.02* | -0.04* | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -22.36 | -18.23 | 77.00 | 73.00 | 47.00 | 56.00 | -47.17 | -71.35 | -26.20 | -28.63 | 49.00 | 74.00 | 68.00 | 28.00 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -9.0% | 444 | 488 | 517 | 536 | 576 | 588 | 584 | 563 | 558 | 551 | 572 | 757 | 615 | 580 | 595 | 588 | 588 | 580 | 583 | 613 | 571 |
| Current Assets | -12.8% | 275 | 315 | 338 | 379 | 410 | 422 | 409 | 392 | 396 | 395 | 410 | 664 | 530 | 496 | 379 | 374 | 356 | 339 | 353 | 385 | 350 |
| Cash Equivalents | -18.5% | 173 | 212 | 225 | 251 | 274 | 285 | 280 | 276 | 272 | 290 | 280 | 542 | 193 | 157 | 152 | 131 | 124 | 106 | 132 | 133 | 132 |
| Inventory | -11.1% | 32.00 | 36.00 | 40.00 | 37.00 | 36.00 | 37.00 | 39.00 | 39.00 | 41.00 | 30.00 | 39.00 | 34.00 | 46.00 | 37.00 | 41.00 | 73.00 | 67.00 | 81.00 | 72.00 | 72.00 | 57.00 |
| Net PPE | -3.3% | 101 | 105 | 111 | 94.00 | 97.00 | 103 | 108 | 103 | 95.00 | 91.00 | 96.00 | 77.00 | 69.00 | 67.00 | 73.00 | 179 | 192 | 202 | 202 | 200 | 197 |
| Liabilities | -15.9% | 79.00 | 94.00 | 88.00 | 123 | 128 | 127 | 131 | 129 | 135 | 131 | 226 | 479 | 609 | 601 | 610 | 622 | 636 | 626 | 601 | 630 | 605 |
| Current Liabilities | -14.4% | 46.00 | 53.00 | 47.00 | 74.00 | 79.00 | 84.00 | 85.00 | 77.00 | 83.00 | 80.00 | 174 | 419 | 328 | 321 | 134 | 152 | 158 | 150 | 133 | 160 | 140 |
| LT Debt, Current | - | - | - | - | - | - | - | - | - | - | - | 83.00 | 307 | 83.00 | 82.00 | - | - | - | - | - | - | - |
| LT Debt, Non Current | - | - | - | - | - | - | - | - | - | - | - | - | - | 223 | 223 | 305 | 304 | 304 | 303 | 304 | 305 | 304 |
| Shareholder's Equity | -7.4% | 364 | 393 | 428 | 413 | 448 | 461 | 453 | 433 | 423 | 420 | 346 | 278 | 6.00 | - | - | - | - | - | - | - | - |
| Retained Earnings | -1.3% | 310 | 314 | 336 | 333 | 350 | 353 | 344 | 290 | 279 | 279 | 287 | 220 | -52.71 | -81.88 | -58.13 | -81.56 | -79.95 | -70.43 | 8.00 | -33.92 | -51.15 |
| Additional Paid-In Capital | 0.8% | 269 | 267 | 266 | 265 | 264 | 262 | 241 | 257 | 253 | 251 | 163 | 160 | 156 | 153 | 152 | 146 | 144 | 143 | 143 | 141 | 140 |
| Shares Outstanding | -5.8% | 40.00 | 43.00 | 44.00 | 45.00 | 45.00 | 46.00 | 46.00 | 46.00 | 46.00 | 40.00 | 36.00 | 35.00 | 35.00 | 35.00 | 35.00 | 34.00 | 34.00 | 34.00 | 34.00 | 35.00 | 34.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -9932.1% | -21.73 | 0.00 | 5.00 | 108 | 102 | 79.00 | 88.00 | -14.05 | -39.23 | 8.00 | 7.00 | 72.00 | 90.00 | 83.00 | 50.00 | 44.00 | 35.00 | 31.00 | 39.00 | 29.00 | 35.00 |
| Share Based Compensation | 1.9% | 6.00 | 6.00 | 6.00 | 6.00 | 7.00 | 8.00 | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | 10.00 | 8.00 | 7.00 | 7.00 | 2.00 | 3.00 | 4.00 | 4.00 | 5.00 | 4.00 |
| Cashflow From Investing | 6.9% | -24.58 | -26.40 | -24.93 | -42.87 | -28.63 | -32.22 | -31.44 | -29.99 | 321 | 324 | 318 | 328 | -20.54 | -26.22 | -28.90 | -34.61 | -35.18 | -40.21 | -33.31 | -32.63 | -41.53 |
| Cashflow From Financing | -90.8% | -49.52 | -25.95 | -12.74 | -41.04 | -36.45 | -35.58 | -35.54 | -221 | -220 | -220 | -222 | 3.00 | 1.00 | 1.00 | -1.80 | -7.14 | -7.44 | -2.53 | 1.00 | 5.00 | 6.00 |
| Buy Backs | 92.9% | 49.00 | 25.00 | 14.00 | 5.00 | 2.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 3.00 | 4.00 | 5.00 | 8.00 | 2.00 | - | - |
MX Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Net sales | $ 60,979 | $ 101,376 | $ 117,984 | $ 205,469 |
| Cost of sales: | ||||
| Cost of sales | 47,441 | 72,431 | 92,352 | 137,528 |
| Gross profit | 13,538 | 28,945 | 25,632 | 67,941 |
| Operating expenses: | ||||
| Selling, general and administrative expenses | 12,137 | 12,736 | 24,302 | 26,899 |
| Research and development expenses | 11,255 | 13,410 | 24,553 | 25,364 |
| Early Termination And Other Charges | 802 | 797 | 9,251 | 797 |
| Total operating expenses | 24,194 | 26,943 | 58,106 | 53,060 |
| Operating income (loss) | (10,656) | 2,002 | (32,474) | 14,881 |
| Interest income | 2,692 | 1,061 | 5,534 | 1,776 |
| Interest expense | (200) | (499) | (456) | (610) |
| Foreign currency gain (loss), net | 1,237 | (7,012) | (2,193) | (7,702) |
| Other income (loss), net | 3 | 211 | (32) | 429 |
| Income (loss) before income tax expense | (6,924) | (4,237) | (29,621) | 8,774 |
| Income tax expense (benefit) | (2,977) | (897) | (4,204) | 2,586 |
| Net income (loss) | $ (3,947) | $ (3,340) | $ (25,417) | $ 6,188 |
| Basic earnings (loss) per common share— | $ (0.09) | $ (0.07) | $ (0.6) | $ 0.14 |
| Diluted earnings (loss) per common share— | $ (0.09) | $ (0.07) | $ (0.6) | $ 0.13 |
| Weighted average number of shares— | ||||
| Basic | 41,741,310 | 44,897,278 | 42,561,514 | 45,248,293 |
| Diluted | 41,741,310 | 44,897,278 | 42,561,514 | 46,329,559 |
| Standard products business [Member] | ||||
| Revenues: | ||||
| Net sales | $ 51,375 | $ 91,288 | $ 102,889 | $ 185,298 |
| Cost of sales: | ||||
| Cost of sales | 37,867 | 63,620 | 75,179 | 119,700 |
| Gross profit | 13,508 | 27,668 | 27,710 | 65,598 |
| Fab 3 Foundry Services [Member] | ||||
| Revenues: | ||||
| Net sales | 9,604 | 10,088 | 15,095 | 20,171 |
| Cost of sales: | ||||
| Cost of sales | 9,574 | 8,811 | 17,173 | 17,828 |
| Gross profit | $ 30 | $ 1,277 | $ (2,078) | $ 2,343 |
MX Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 172,954 | $ 225,477 |
| Accounts receivable, net | 35,009 | 35,380 |
| Inventories, net | 32,337 | 39,883 |
| Other receivables | 3,498 | 7,847 |
| Prepaid expenses | 9,553 | 10,560 |
| Hedge collateral (Note 6) | 2,120 | 2,940 |
| Other current assets (Note 16) | 19,070 | 15,766 |
| Total current assets | 274,541 | 337,853 |
| Property, plant and equipment, net | 101,067 | 110,747 |
| Operating lease right-of-use assets | 5,224 | 5,265 |
| Intangible assets, net | 1,706 | 1,930 |
| Long-term prepaid expenses | 7,430 | 10,939 |
| Deferred income taxes | 37,141 | 38,324 |
| Other non-current assets | 16,626 | 11,587 |
| Total assets | 443,735 | 516,645 |
| Current liabilities | ||
| Accounts payable | 20,367 | 17,998 |
| Other accounts payable | 8,473 | 9,702 |
| Accrued expenses (Note 5) | 10,456 | 9,688 |
| Accrued income taxes | 91 | 3,154 |
| Operating lease liabilities | 1,745 | 1,397 |
| Other current liabilities | 4,506 | 5,306 |
| Total current liabilities | 45,638 | 47,245 |
| Accrued severance benefits, net | 20,123 | 23,121 |
| Non-current operating lease liabilities | 3,671 | 4,091 |
| Other non-current liabilities | 10,011 | 14,035 |
| Total liabilities | 79,443 | 88,492 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' equity | ||
| Common stock, $0.01 par value, 150,000,000 shares authorized, 56,449,782 shares issued and 40,133,898 outstanding at June 30, 2023 and 56,432,449 shares issued and 43,824,575 outstanding at December 31, 2022 | 564 | 564 |
| Additional paid-in capital | 269,297 | 266,058 |
| Retained earnings | 310,089 | 335,506 |
| Treasury stock, 16,315,884 shares at June 30, 2023 and 12,607,874 shares at December 31, 2022, respectively | (199,248) | (161,422) |
| Accumulated other comprehensive loss | (16,410) | (12,553) |
| Total stockholders' equity | 364,292 | 428,153 |
| Total liabilities and stockholders' equity | $ 443,735 | $ 516,645 |
Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, notebook PCs, monitors and liquid crystal displays, and micro light-emitting diode (LED) televisions. The company also offers metal oxide semiconductor field-effect transistors, insulated-gate bipolar transistors, AC-DC converters, DC-DC converters, LED drivers, regulators, and power management integrated circuits for a range of devices comprising televisions, smartphones, mobile phones, wearable devices, desktop PCs, notebooks, tablet PCs, and other consumer electronics, as well as for power suppliers, e-bike, photovoltaic inverter, LED lighting, motor drive, and home appliances; and organic light-emitting diode display driver integrated circuits for OLED TVs. It serves consumer, computing, and industrial electronics original equipment manufacturers, original design manufacturers, and electronics manufacturing services companies, as well as subsystem designers in Korea, the Asia Pacific, the United States, Europe, and internationally. The company sells its products through a direct sales force, as well as through a network of agents and distributors. Magnachip Semiconductor Corporation was incorporated in 2004 and is based in Luxembourg, Luxembourg.