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MagnaChip Semiconductor Corp (MX.N)

MX.N on New York Stock Exchange

9.15USD
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

MagnaChip reports third quarter 2017 financial results
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - MagnaChip Semiconductor Corp :MagnaChip reports third quarter 2017 financial results.Q3 adjusted non-GAAP earnings per share $0.28.Q3 revenue fell 8.1 percent to $176.7 million.  Full Article

Magnachip Q4 adjusted earnings per share $0.04
Friday, 10 Feb 2017 

Magnachip Semiconductor Corp : Magnachip reports fourth quarter 2016 financial results . Q4 adjusted non-gaap earnings per share $0.04 . Q4 revenue $180.5 million . Sees q1 revenue $157 million to $163 million . Magnachip Semiconductor Corp - for q1 of 2017 gross profit is anticipated to be in range of 24 pct to 26 pct . Magnachip Semiconductor Corp - sees q1 gross profit is anticipated to be in range of 24 pct to 26 pct . Magnachip Semiconductor -company this month launched a new headcount reduction plan that is expected to be two to three times larger than a 2016 program . Magnachip Semiconductor - headcount reduction plan resulted last year in a reduction in headcount of 169 employees . Magnachip Semiconductor -expects to use $30-40 million of proceeds from exchangeable senior notes offering to pay severance, other benefits to affected employees .Magnachip Semiconductor says estimated annual cost savings from $20 million to $27 million, depending upon final size of workforce reduction.  Full Article

Magnachip announces proposed $65 mln private offering
Wednesday, 11 Jan 2017 

Magnachip Semiconductor Corp - : Magnachip announces proposed $65 million private offering of exchangeable senior notes and stock repurchase . Plans to use net proceeds for its anticipated cost reduction program to be implemented during first half of 2017 .Magnachip Semiconductor Corp says board of directors of company also authorized a stock repurchase program.  Full Article

MagnaChip Semiconductor board appoint Gary Tanner as chairman of board - SEC filing
Wednesday, 12 Oct 2016 

MagnaChip Semiconductor Corp :On October 6, 2016, board of directors of co appointed Gary Tanner to serve as chairman of board - SEC filing.  Full Article

Magnachip Semiconductor-Effective Aug 8, board increased size of board to eight members and appointed Melvin Keating as a director - SEC Filing
Thursday, 11 Aug 2016 

Magnachip Semiconductor Corp :Effective Aug 8, board increased size of board to eight members and appointed Melvin L. Keating as a director - SEC Filing.  Full Article

Pleasant Lake Partners reports 9.99 pct passive stake in Magnachip Semiconductor
Tuesday, 9 Aug 2016 

Magnachip Semiconductor Corp :Pleasant Lake Partners reports 9.99 pct passive stake in Magnachip Semiconductor Corp as of Aug 4 - SEC filing.  Full Article

MagnaChip reports Q2 loss per share $0.51
Thursday, 4 Aug 2016 

MagnaChip Semiconductor Corp : MagnaChip reports second quarter 2016 financial results . Q2 GAAP loss per share $0.51 . Sees Q3 2016 revenue $180 million to $185 million . Q2 adjusted non-GAAP loss per share $0.05 . Q2 revenue $167.1 million .Q3 gross profit to be in range of 21 pct to 24 pct as a percent of revenue.  Full Article

BRIEF-Magnachip Semiconductor LLC board approves plan to close Korea fabrication facility - Reuters News
Monday, 4 Apr 2016 

Magnachip Semiconductor Corp:As previously reported, on december 4, 2014, board approved a plan to close six-inch fabrication facility in cheongju, korea - RTRS.On april 4, commenced voluntary resignation program available for all 6-inch fab employees, certain other manufacturing employees.Due to voluntary nature of program, unable to provide an estimated amount of related severance and other termination benefits.  Full Article

BRIEF-Magnachip Q4 GAAP Earnings Per Share $0.99

* MAGNACHIP REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS