LG Display Selects MagnaChip for the 2015 Excellence Supplier Award

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Dec 15, 2015, 06:00 ET

SEOUL, South Korea and SAN JOSE, Calif., Dec. 15, 2015 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced that MagnaChip was selected for the "2015 Excellence Supplier Award" by LG Display.

LG Display annually selects key component suppliers that have demonstrated both product "zero-defect" and "zero-accident" performance during the year. These suppliers are chosen to receive the LG Excellence Supplier of the Year Award. MagnaChip was honored to be selected in recognition of its "zero defect", "zero accident" performance and also for its contribution to LG Display's continued process stability and competitive product quality.

"With its strong quality assurance program, MagnaChip has made a significant contribution to LG Display's process stability and competitive product quality," said Juil Kim, Head of Paju Quality Assurance at LG Display. "It is our goal for the two companies to continue to maintain high quality performance and products and to grow the cooperative relationship going forward."

"I am very pleased and excited that we have been selected for the LG Display 2015 Excellence Supplier Award. It is an honor for MagnaChip to be recognized for its high-quality products and performance," said YJ Kim, MagnaChip's Chief Executive Officer. "We will strive to continue to deliver the high-value products which world class customers like LG Display have come to expect from us."

About MagnaChip Semiconductor
Headquartered in South Korea, MagnaChip Semiconductor is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications. MagnaChip Semiconductor believes it has one of the broadest and deepest ranges of analog and mixed-signal semiconductor platforms in the industry, supported by its 30-year operating history, a large portfolio of registered and pending patents, and extensive engineering and manufacturing process expertise.

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SOURCE MagnaChip Semiconductor Corporation