Magnachip Announces Plan to Become a Pure-Play Power Business To Drive Higher Profitability and Maximize Shareholder Value
SEOUL, South Korea, March 12, 2025--Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced that after a thorough review, its Board of Directors and management team have made the decision to become a pure-play Power company to drive revenue growth, improve profitability, and maximize shareholder value. As a result, the Company is exploring all strategic options for its Display business, which will be classified as discontinued operations when the Company rep