Magnachip Semiconductor Corp - Exploring All Strategic Options For Display To Focus On Higher-Profit Potential Of Power And Power IC Products

Published: 2025-03-12 07:03:43 ET MX

March 12 (Reuters) - MagnaChip Semiconductor Corp :

* MAGNACHIP SEMICONDUCTOR CORP - EXPLORING ALL STRATEGIC OPTIONS FOR DISPLAY TO FOCUS ON HIGHER-PROFIT POTENTIAL OF POWER AND POWER IC PRODUCTS

* MAGNACHIP SEMICONDUCTOR CORP - EXPECTS TO COMPLETE THIS STRATEGIC PROCESS AND EXIT DISPLAY BUSINESS BY END OF Q2 THIS YEAR

* MAGNACHIP SEMICONDUCTOR - EXPECTS TO INVEST ABOUT $65-70 MILLION OVER THREE YEARS TO OPTIMIZE AND UPGRADE COMPANY'S GUMI MANUFACTURING FACILITY

* MAGNACHIP SEMICONDUCTOR CORP - PLANS TO LAUNCH OVER 40 NEW-GENERATION POWER PRODUCTS IN 2025

* MAGNACHIP SEMICONDUCTOR- TARGETS QTRLY ADJUSTED EBITDA BREAK-EVEN BY Q4 END FROM CONTINUING OPERATIONS, POSITIVE ADJUSTED OPERATING INCOME IN 2026 & POSITIVE ADJUSTED FCF IN 2027 Source text: Further company coverage: