MagnaChip Ranked Second in Mobile AMOLED Display Driver IC Global Market

SEOUL, South Korea and SAN JOSE, Calif., May 23, 2016 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, was ranked second in the mobile AMOLED display driver IC (DDIC) global market by IHS, Inc., the leading global source of critical information and insight. According to IHS, MagnaChip held a 38% market share in the fourth quarter of 2015 based on unit shipments of its mobile AMOLED display driver IC.

IHS has estimated that Korea based AMOLED display makers led the global mobile AMOLED display panel market with shipments in 2015 capturing 99% global market share. MagnaChip, which designs and manufactures display driver ICs for the mobile AMOLED panel market, accounted for approximately 38% of the mobile AMOLED display driver ICs shipped in 2015.

Since 2009, MagnaChip has been supplying mobile AMOLED display driver IC products that service a wide range of form factors and resolutions from handsets, tablets and TVs including High Definition (HD) to Wide Quad High Definition (WQHD). MagnaChip's rich IP portfolio and mixed-signal design and manufacturing expertise is the driving factor behind its ability to capture the second largest supplier position in the mobile AMOLED display driver IC market.

YJ Kim, MagnaChip's CEO stated, "Mobile AMOLED display driver ICs have increasingly become a key product portfolio and high growth opportunity for MagnaChip as the global panel market moves to this new display technology." Mr. Kim added, "We will continue to focus our efforts proactively in areas that attract new market segments and expand our market share with innovative products such as mobile AMOLED display driver ICs that meet the growing needs of our customers."

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. For more information, please visit www.magnachip.com.

SOURCE MagnaChip Semiconductor Corporation

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