MAGNACHIP SEMICONDUCTOR Corp (MX): restructuring charge — Magnachip to shut down Display business by end of Q2 2025; pivots to pure-play Power

MAGNACHIP SEMICONDUCTOR Corp

Board unanimously approved liquidation of Magnachip Mixed-Signal, Ltd.; Display business deemed unsustainable.
Company expects to exit Display operations by end of Q2 2025; will continue to evaluate monetization of Display assets.
Power discrete and IC businesses generated $185M revenue in 2024 (+13% YoY); mid-to-high-single digit growth expected in 2025.
Targets quarterly Adjusted EBITDA breakeven from continuing ops by end of 2025; positive adj. operating income by 2026.
Expects 30-35% reduction in annualized operating expenditures (excl. equity compensation) vs 2024.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.95

MAGNACHIP SEMICONDUCTOR Corp announced a restructuring with charges of Plan to shut down Display business, including liquidation of Magnachip Mixed-Signal, Ltd. affecting Display business.

Type: restructuring
Charge: Plan to shut down Display business, including liquidation of Magnachip Mixed-Signal, Ltd.
Affected area: Display business

Exact text from the filing

On April 8, 2025, Magnachip Semiconductor Corporation (the “Company”) announced its plan to shut down its Display business (the “Discontinued Business”), which will include the liquidation of Magnachip Mixed-Signal, Ltd., the Company’s wholly owned subsidiary that operates the Discontinued Business (collectively, the “Liquidation”).

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Source: SEC EDGAR

accession 0001193125-25-075096

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