Magnachip CEO YJ Kim steps down; Chairman Camillo Martino named interim; CAPEX cut 50%+

MAGNACHIP SEMICONDUCTOR Corp

CEO YJ Kim resigned effective Aug 11, 2025; Chairman Camillo Martino appointed interim CEO.
Separation agreement: 24-month base salary severance; Kim remains liquidator of Magnachip Mixed-Signal, Ltd.
CAPEX forecast reduced from $65-70M to $30-35M through 2027; net cash outlay expected $12-13M.
Targeting $2-3M annual cost savings from headcount reduction in shared corporate functions.
Board to review strategic alternatives including potential sale; focus on pure-play power semiconductor transition.

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