---
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"
generated_at: "2026-05-23T18:54:37.743551+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Magnachip to shut down Display business by end of Q2 2025; pivots to pure-play Power

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-075096
- JSON: https://secwatch.observer/filing/0001193125-25-075096.json
- Plain text: https://secwatch.observer/filing/0001193125-25-075096.txt

## Key facts
- Restructurings & Charges
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1325702/000119312525075096/0001193125-25-075096-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.