MagnaChip Semiconductor Corp (MX) Exchange: NYSE

MagnaChip Semiconductor Corp (MX) is a designer and manufacturer of fabless semiconductor products for high-performance analog and mixed-signal applications. Established in 2003, the company has grown from a nascent competitor in the semiconductor industry to a mid-level provider of integrated circuits for a wide range of applications such as automotive, communications, industrial, consumer, and display. With six global manufacturing and support locations, the company is headquartered in Seoul, South Korea. MagnaChip’s product portfolio includes over 2,500 different standard products, some of which are customized for specific applications. MagnaChip also provides design-in services, where it customizes standard products with specialized features, and design services to create custom integrated circuits according to customer requirements. MagnaChip continues to develop integrated circuits, with a focus on developing integrated circuits incorporating advanced technologies such as radio frequency (RF), system on a chip (SOC), and Artificial Intelligence (AI). MagnaChip has grown rapidly since its inception, with a compound annual growth rate (CAGR) of 17.3% in sales over the past 5 years. In addition, the company has grown its products portfolio by a CAGR of 1.5% over the same period, and its design-in services business by a CAGR of 21.1%. Moreover, in 2019, MagnaChip achieved its highest revenues in the company history and was awarded the 2020 Fabless Semiconductor Company of the Year by the Global Semiconductor Alliance (GSA). In order to continue its growth, MagnaChip plans to expand its customer base and product portfolio and transition to cutting-edge technologies such as AI, IoT, and 5G.