{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-075096","form_type":"8-K","ticker":"MX","cik":"0001325702","company_name":"MAGNACHIP SEMICONDUCTOR Corp","filed_at":"2025-04-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.922915+00:00","generated_at":"2026-05-23T18:54:37.743551+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Magnachip to shut down Display business by end of Q2 2025; pivots to pure-play Power","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-075096","json":"https://secwatch.observer/filing/0001193125-25-075096.json","markdown":"https://secwatch.observer/filing/0001193125-25-075096.md","text":"https://secwatch.observer/filing/0001193125-25-075096.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1325702/000119312525075096/0001193125-25-075096-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1325702/000119312525075096/d894699d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T18:54:37.743551+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"58ef40731dffb53f54876a8dc20094629e43c78f","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1325702/000119312525075096/0001193125-25-075096-index.htm","confidence":0.95,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"Plan to shut down Display business, including liquidation of Magnachip Mixed-Signal, Ltd."},{"label":"Affected area","value":"Display business"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}