Financial Highlights
- Q2 consolidated revenue was $53.2 million, above the mid-point
of guidance range of $49-54 million.
- Q2 standard product business revenue was up 11.6%
sequentially.
- Q2 consolidated gross profit margin was 21.8%, above the upper
end of guidance range of 17-19%.
- Q2 standard product business gross profit margin was 23.1%, up
nearly two percentage points sequentially.
- Ended Q2 with cash of $132.5 million; and also have an
additional short-term financial investment of $30 million.
- Repurchased approximately 0.5 million shares for aggregate
purchase price of $2.3 million during the quarter.
Operational Highlights
- Held formal opening ceremony in China for newly formed
subsidiary, Magnachip Technology Company, Ltd. (MTC).
- Secured a purchase commitment for OLED driver targeted for a
premium smartphone OEM; mass production and revenue currently
expected to begin by year-end.
- Delivered samples of our next-generation OLED driver to a panel
supplier for a leading Chinese smartphone OEM's winter 2024 model,
now in the final design validation phase.
- Taped out a new OLED driver designed with next-generation IP
including sub-pixel rendering (SPR), refined color enhancement,
color filter, brightness uniformity control and more than 20%
reduction in power consumption than previous generation.
- Sampled our first OLED smartwatch DDIC in Q2 following a Q1
tape-out, demonstrating our expansion into new, adjacent
markets.
- Power IC revenue increased sequentially, driven primarily by
demand for LCD TVs and OLED IT monitors.
- Sequential revenue growth in PAS segment was driven by
industrial, communication and consumer applications. Automotive
rebounded with new design wins in Japan and China.
- Launched new 75A/1200V IGBT for a design opportunity in solar
applications; expected to begin mass production in the second half
of the year.
Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or
the “Company”) today announced financial results for the second
quarter 2024.
YJ Kim, Magnachip’s CEO, commented, “Our Q2 revenue was above
the mid-point of guidance and gross margin was better than
expected. Revenue in our Standard Products Business, which is
comprised of our MSS and PAS businesses, increased sequentially by
double digits in Q2. We benefited from a recovery in our Power
business, increased demand for OLED drivers for China smartphones
and European autos, and an upturn in Power IC demand for OLED IT
panels and LED TVs.”
YJ Kim added, “Looking ahead, we currently expect Standard
Product Business revenue will increase sequentially once again in
Q3, driven by leaner distribution channels in Power, as well as
seasonality, and an increase in OLED and Power IC businesses.”
Q2 2024 Financial Highlights
In thousands of U.S. dollars,
except share data
GAAP
Q2 2024
Q1 2024
Q/Q change
Q2 2023
Y/Y change
Consolidated Revenues
53,171
49,067
up
8.4
%
60,979
down
12.8
%
Standard Products Business
50,835
45,541
up
11.6
%
51,375
down
1.1
%
Mixed-Signal Solutions
11,595
9,006
up
28.7
%
12,357
down
6.2
%
Power Analog Solutions
39,240
36,535
up
7.4
%
39,018
up
0.6
%
Transitional Fab 3 foundry services(1)
2,336
3,526
down
33.7
%
9,604
down
75.7
%
Consolidated Gross Profit
Margin
21.8
%
18.3
%
up
3.5
%pts
22.2
%
down
0.4
%pts
Standard Products Business
23.1
%
21.2
%
up
1.9
%pts
26.3
%
down
3.2
%pts
Mixed-Signal Solutions
34.6
%
44.6
%
down
10.0
%pts
36.4
%
down
1.8
%pts
Power Analog Solutions
19.7
%
15.4
%
up
4.3
%pts
23.1
%
down
3.4
%pts
Operating Loss
(12,824
)
(13,459
)
up
n/a
(10,656
)
down
n/a
Net Loss
(12,997
)
(15,417
)
up
n/a
(3,947
)
down
n/a
Basic Loss per Common Share
(0.34
)
(0.40
)
up
n/a
(0.09
)
down
n/a
Diluted Loss per Common Share
(0.34
)
(0.40
)
up
n/a
(0.09
)
down
n/a
In thousands of U.S. dollars,
except share data
Non-GAAP(2)
Q2 2024
Q1 2024
Q/Q change
Q2 2023
Y/Y change
Adjusted Operating Loss
(11,608
)
(12,559
)
up
n/a
(7,762
)
down
n/a
Adjusted EBITDA
(7,569
)
(8,441
)
up
n/a
(3,594
)
down
n/a
Adjusted Net Loss
(8,134
)
(10,884
)
up
n/a
(2,472
)
down
n/a
Adjusted Loss per Common
Share—Diluted
(0.21
)
(0.28
)
up
n/a
(0.06
)
down
n/a
___________
(1)
Following the consummation of the sale of
the Foundry Services Group business and Fab 4 in Q3 2020, we
provided transitional foundry services to the buyer for foundry
products manufactured in our fabrication facility located in Gumi,
Korea, known as “Fab 3” (“Transitional Fab 3 Foundry Services”).
The contractual obligation to provide the Transitional Fab 3
Foundry Services ended August 31, 2023, and we are winding down
these foundry services and planning to convert portions of the idle
capacity to PAS products beginning around the second half of 2024.
Because these foundry services during the wind-down period are
still provided to the same buyer by us using our Fab 3 based on
mutually agreed terms and conditions, we will continue to report
our revenue from providing these foundry services and related cost
of sales within the Transitional Fab 3 Foundry Services line in our
consolidated statement of operations until such wind down is
completed. Management believes that disclosing revenue of
Transitional Fab 3 Foundry Services separately from the standard
products business allows investors to better understand the results
of our core standard products MSS and PAS businesses.
(2)
Management believes that non-GAAP
financial measures, when viewed in conjunction with GAAP results,
can provide a meaningful understanding of the factors and trends
affecting our business and operations and assist in evaluating our
core operating performance. However, such non-GAAP financial
measures have limitations and should not be considered as a
substitute for net loss or as a better indicator of our operating
performance than measures that are presented in accordance with
GAAP. A reconciliation of GAAP results to non-GAAP results is
included in this press release.
Q3 and Full-year 2024 Financial Guidance
Beginning in Q1, the Company began reporting results under its
newly organized businesses: MSS (Mixed-Signal Solutions) and PAS
(Power Analog Solutions). While actual results may vary, Magnachip
currently expects the following:
For Q3 2024:
- Consolidated revenue to be in the range of $61.5 to $66.5
million, including approximately $1.5 million of Transitional
Foundry Services.
- MSS revenue to be in the range of $14.5 to $16.5 million, up
33.7% sequentially and 46.2% year-over-year at the mid-point. This
compares with MSS equivalent revenue of $11.6 million in Q2 2024
and $10.6 million in Q3 2023.
- PAS revenue to be in the range of $45.5 to $48.5 million, up
19.8% sequentially and 14.6% year-over-year at the mid-point. This
compares with PAS equivalent revenue of $39.2 million in Q2 2024
and $41.0 million in Q3 2023.
- Consolidated gross profit margin to be in the range of 22.5% to
24.5%.
- MSS gross profit margin to be in the range of 36.5% to 39.5%.
This compares with MSS equivalent gross profit margin of 34.6% in
Q2 2024 and 28.8% in Q3 2023.
- PAS gross profit margin to be in the range of 18.5% to 20.5%.
This compares with PAS equivalent gross profit margin of 19.7% in
Q2 2024 and 28.6% in Q3 2023.
For the full-year 2024, we currently expect:
- MSS revenue to grow double digits year-over-year as compared
with MSS equivalent revenue of $44.4 million in 2023, consistent
with what we communicated at the beginning of the year.
- PAS revenue to grow double digits year-over-year as compared
with PAS equivalent revenue of $151.3 million in 2023, consistent
with what we communicated at the beginning of the year.
- Transitional Foundry Services revenue will decline in 2024, as
expected. We expect this revenue to phase out by the end of the
year.
- Consolidated revenue flattish-to-slightly down, compared to
prior expectation of flat-to-up-slightly year-over-year.
- Consolidated gross profit margin between 19% to 22%, above our
prior expectation of 17% to 20%. This compares with the
consolidated gross profit margin of 22.4% in 2023.
Q2 2024 Earnings Conference Call
Magnachip will host a corresponding conference call at 2:00 p.m.
PT / 5:00 p.m. ET on Wednesday, July 31, 2024, to discuss its
financial results. In advance of the conference call, all
participants must use the following link to complete the online
registration process. Upon registering, each participant will
receive access details for this event including the dial-in
numbers, a PIN number, and an e-mail with detailed instructions to
join the conference call. A live and archived webcast of the
conference call and a copy of earnings release will be accessible
from the ‘Investors’ section of the Company’s website at
www.magnachip.com.
Online registration:
https://register.vevent.com/register/BId7d466aa72124a439fec483c2b65d307
Safe Harbor for Forward-Looking Statements
Information in this release regarding Magnachip’s forecasts,
business outlook, expectations and beliefs are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 that involve risks and uncertainties. These
statements include expectations about estimated historical or
future operating results and financial performance, outlook and
business plans, including third quarter and full year 2024 revenue
and gross profit margin expectations, future growth and revenue
opportunities from new and existing products and customers, the
timing and extent of future revenue contributions by our products
and businesses, and the impact of market conditions associated with
inflation and higher interest rates, geopolitical conflicts between
Russia-Ukraine and between Israel-Hamas, sustained military action
and conflict in the Red Sea, and trade tensions between the U.S.
and China, on Magnachip’s third quarter and full year 2024 and
future operating results. All forward-looking statements included
in this release are based upon information available to Magnachip
as of the date of this release, which may change, and we assume no
obligation to update any such forward-looking statements. These
statements are not guarantees of future performance and actual
results could differ materially from our current expectations.
Factors that could cause or contribute to such differences include,
among others: the impact of changes in macroeconomic conditions,
including those caused by or related to inflation, potential
recessions or other deteriorations, economic instability or civil
unrest; the geopolitical conflicts between Russia-Ukraine and
between Israel-Hamas, sustained military action and conflict in the
Red Sea, and trade tensions between the U.S. and China;
manufacturing capacity constraints or supply chain disruptions that
may impact our ability to deliver our products or affect the price
of components, which may lead to an increase in our costs and
impact demand for our products from customers who are similarly
affected by such capacity constraints or disruptions; the impact of
competitive products and pricing; timely acceptance of our designs
by customers; timely introduction of new products and technologies;
our ability to ramp new products into volume production;
industry-wide shifts in supply and demand for semiconductor
products; overcapacity within the industry or at Magnachip;
effective and cost-efficient utilization of manufacturing capacity;
financial stability in foreign markets and the impact of foreign
exchange rates; unanticipated costs and expenses or the inability
to identify expenses that can be eliminated; compliance with U.S.
and international trade and export laws and regulations by us, our
customers and our distributors; change to or ratification of local
or international laws and regulations, including those related to
environment, health and safety; public health issues, other
business interruptions that could disrupt supply or delivery of, or
demand for, Magnachip’s products; and other risks detailed from
time to time in Magnachip’s filings with the U.S. Securities and
Exchange Commission (the “SEC”), including our Form 10-K filed on
March 8, 2024, and subsequent registration statements, amendments
or other reports that we may file from time to time with the SEC
and/or make available on our website. Magnachip assumes no
obligation and does not intend to update the forward-looking
statements provided, whether as a result of new information, future
events or otherwise.
About Magnachip Semiconductor
Magnachip is a designer and manufacturer of analog and
mixed-signal semiconductor platform solutions for communication,
Internet of Things (“IoT”), consumer, computing, industrial and
automotive applications. The Company provides a broad range of
standard products to customers worldwide. Magnachip, with more than
40 years of operating history, owns a portfolio of approximately
1,050 registered patents and pending applications, and has
extensive engineering, design, and manufacturing process expertise.
For more information, please visit www.magnachip.com. Information
on or accessible through Magnachip's website is not a part of, and
is not incorporated into, this release.
MAGNACHIP SEMICONDUCTOR
CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of U.S. dollars, except share data)
(Unaudited)
Three Months Ended
Six Months Ended
June 30, 2024
March 31, 2024
June 30, 2023
June 30, 2024
June 30, 2023
Revenues:
Net sales – standard products business
$
50,835
$
45,541
$
51,375
$
96,376
$
102,889
Net sales – transitional Fab 3 foundry
services
2,336
3,526
9,604
5,862
15,095
Total revenues
53,171
49,067
60,979
102,238
117,984
Cost of sales:
Cost of sales – standard products
business
39,113
35,888
37,867
75,001
75,179
Cost of sales – transitional Fab 3 foundry
services
2,457
4,211
9,574
6,668
17,173
Total cost of sales
41,570
40,099
47,441
81,669
92,352
Gross profit
11,601
8,968
13,538
20,569
25,632
Gross profit as a percentage of standard
products business net sales
23.1
%
21.2
%
26.3
%
22.2
%
26.9
%
Gross profit as a percentage of total
revenues
21.8
%
18.3
%
22.2
%
20.1
%
21.7
%
Operating expenses:
Selling, general and administrative
expenses
11,734
11,264
12,137
22,998
24,302
Research and development expenses
12,691
11,163
11,255
23,854
24,553
Early termination and other charges
—
—
802
—
9,251
Total operating expenses
24,425
22,427
24,194
46,852
58,106
Operating loss
(12,824
)
(13,459
)
(10,656
)
(26,283
)
(32,474
)
Interest income
2,228
2,213
2,692
4,441
5,534
Interest expense
(554
)
(238
)
(200
)
(792
)
(456
)
Foreign currency gain (loss), net
(3,557
)
(5,001
)
1,237
(8,558
)
(2,193
)
Other income (loss), net
108
44
3
152
(32
)
Loss before income tax benefit
(14,599
)
(16,441
)
(6,924
)
(31,040
)
(29,621
)
Income tax benefit
(1,602
)
(1,024
)
(2,977
)
(2,626
)
(4,204
)
Net loss
$
(12,997
)
$
(15,417
)
$
(3,947
)
$
(28,414
)
$
(25,417
)
Basic loss per common share—
$
(0.34
)
(0.40
)
$
(0.09
)
$
(0.74
)
$
(0.60
)
Diluted loss per common share—
$
(0.34
)
(0.40
)
$
(0.09
)
$
(0.74
)
$
(0.60
)
Weighted average number of shares—
Basic
38,174,920
38,544,781
41,741,310
38,359,851
42,561,514
Diluted
38,174,920
38,544,781
41,741,310
38,359,851
42,561,514
MAGNACHIP SEMICONDUCTOR
CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In
thousands of U.S. dollars, except share data) (Unaudited)
June 30,
2024
December 31,
2023
Assets
Current assets
Cash and cash equivalents
$
132,467
$
158,092
Short-term financial instruments
30,000
—
Accounts receivable, net
31,175
32,641
Inventories, net
34,783
32,733
Other receivables
3,977
4,295
Prepaid expenses
8,548
7,390
Hedge collateral
1,600
1,000
Other current assets
11,653
9,283
Total current assets
254,203
245,434
Property, plant and equipment, net
88,330
100,122
Operating lease right-of-use assets
4,181
4,639
Intangible assets, net
1,320
1,537
Long-term prepaid expenses
8,085
5,736
Deferred income taxes
44,578
50,836
Other non-current assets
11,998
12,187
Total assets
$
412,695
$
420,491
Liabilities and Stockholders’
Equity
Current liabilities
Accounts payable
$
25,575
$
24,443
Other accounts payable
8,383
5,292
Accrued expenses
9,199
10,457
Accrued income taxes
1,422
1,496
Operating lease liabilities
1,805
1,914
Other current liabilities
4,168
3,286
Total current liabilities
50,552
46,888
Long-term borrowing
28,794
—
Accrued severance benefits, net
15,759
16,020
Non-current operating lease
liabilities
2,514
2,897
Other non-current liabilities
9,228
10,088
Total liabilities
106,847
75,893
Commitments and contingencies
Stockholders’ equity
Common stock, $0.01 par value, 150,000,000
shares authorized, 57,015,569 shares issued and 37,799,482
outstanding at June 30, 2024 and 56,971,394 shares issued and
38,852,742 outstanding at December 31, 2023
569
569
Additional paid-in capital
275,329
273,256
Retained earnings
270,470
298,884
Treasury stock, 19,216,087 shares at June
30, 2024 and 18,118,652 shares at December 31, 2023,
respectively
(219,949
)
(213,454
)
Accumulated other comprehensive loss
(20,571
)
(14,657
)
Total stockholders’ equity
305,848
344,598
Total liabilities and stockholders’
equity
$
412,695
$
420,491
MAGNACHIP SEMICONDUCTOR
CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands of U.S. dollars) (Unaudited)
Three Months
Ended
Six Months
Ended
June 30, 2024
June 30, 2024
June 30, 2023
Cash flows from operating
activities
Net loss
$
(12,997
)
$
(28,414
)
$
(25,417
)
Adjustments to reconcile net loss to net
cash provided by operating activities
Depreciation and amortization
4,016
8,115
8,502
Provision for severance benefits
1,565
2,970
4,091
Loss on foreign currency, net
6,622
16,848
9,117
Provision for inventory reserves
(77
)
(1,024
)
1,121
Stock-based compensation
1,216
2,116
3,212
Deferred income tax assets
1.845
3,158
27
Other, net
163
426
423
Changes in operating assets and
liabilities
Accounts receivable, net
(1,636
)
(235
)
(342
)
Inventories
(4,250
)
(3,449
)
4,911
Other receivables
986
601
4,407
Prepaid expenses
2,922
3,827
4,073
Other current assets
(3,262
)
(2,931
)
(3,678
)
Accounts payable
1,381
1,944
2,880
Other accounts payable
(1,420
)
(6,676
)
(6,488
)
Accrued expenses
1,618
(427
)
1,104
Accrued income taxes
(184
)
(17
)
(2,972
)
Other current liabilities
840
453
(471
)
Other non-current liabilities
378
(246
)
(214
)
Payment of severance benefits
(478
)
(1,362
)
(5,728
)
Other, net
(360
)
(761
)
(487
)
Net cash used in operating activities
(1,112
)
(5,084
)
(1,929
)
Cash flows from investing
activities
Proceeds from settlement of hedge
collateral
—
—
3,335
Payment of hedge collateral
(612
)
(612
)
(2,586
)
Purchase of property, plant and
equipment
(898
)
(1,566
)
(1,518
)
Payment for intellectual property
registration
(118
)
(178
)
(163
)
Collection of guarantee deposits
5
1,138
1,445
Payment of guarantee deposits
(36
)
(1,910
)
(6,907
)
Increase in short-term financial
instruments
(30,000
)
(30,000
)
—
Other, net
(1
)
0
—
Net cash used in investing activities
(31,660
)
(33,128
)
(6,394
)
Cash flows from financing
activities
Proceeds from long-term borrowings
—
30,059
—
Proceeds from exercise of stock
options
—
—
27
Acquisition of treasury stock
(2,200
)
(6,859
)
(36,840
)
Repayment of financing related to water
treatment facility arrangement
(117
)
(238
)
(248
)
Repayment of principal portion of finance
lease liabilities
(34
)
(69
)
(46
)
Net cash provided by (used in) financing
activities
(2,351
)
22,893
(37,107
)
Effect of exchange rates on cash and cash
equivalents
(4,012
)
(10,306
)
(7,093
)
Net decrease in cash and cash
equivalents
(39,135
)
(25,625
)
(52,523
)
Cash and cash equivalents
Beginning of the period
171,602
158,092
225,477
End of the period
$
132,467
$
132,467
$
172,954
MAGNACHIP SEMICONDUCTOR
CORPORATION AND SUBSIDIARIES RECONCILIATION OF OPERATING
LOSS TO ADJUSTED OPERATING LOSS (In thousands of U.S.
dollars) (Unaudited)
Three Months Ended
Six Months Ended
June 30, 2024
March 31, 2024
June 30, 2023
June 30, 2024
June 30, 2023
Operating loss
$
(12,824
)
$
(13,459
)
$
(10,656
)
$
(26,283
)
$
(32,474
)
Adjustments:
Equity-based compensation expense
1,216
900
2,092
2,116
3,212
Early termination and other charges
—
—
802
—
9,251
Adjusted Operating Income Loss
$
(11,608
)
$
(12,559
)
$
(7,762
)
$
(24,167
)
$
(20,011
)
We present Adjusted Operating Loss as a supplemental measure of
our performance. We define Adjusted Operating Loss for the periods
indicated as operating loss adjusted to exclude (i) Equity-based
compensation expense and (ii) Early termination and other
charges.
For the six months ended June 30, 2023, we recorded in our
consolidated statement of operations $8,449 thousand of termination
related charges in connection with the voluntary resignation
program that we offered to certain employees during the first
quarter of 2023. For the three and six months ended June 30, 2023,
we recorded $802 thousand of one-time employee incentives.
MAGNACHIP SEMICONDUCTOR
CORPORATION AND SUBSIDIARIES RECONCILIATION OF NET LOSS TO
ADJUSTED EBITDA AND ADJUSTED NET LOSS (In thousands of U.S.
dollars, except share data) (Unaudited)
Three Months Ended
Six Months Ended
June 30, 2024
March 31, 2024
June 30, 2023
June 30, 2024
June 30, 2023
Net loss
$
(12,997
)
$
(15,417
)
$
(3,947
)
$
(28,414
)
$
(25,417
)
Adjustments:
Interest income
(2,228
)
(2,213
)
(2,692
)
(4,441
)
(5,534
)
Interest expense
554
238
200
792
456
Income tax benefit
(1,602
)
(1,024
)
(2,977
)
(2,626
)
(4,204
)
Depreciation and amortization
4,016
4,099
4,145
8,115
8,502
EBITDA
(12,257
)
(14,317
)
(5,271
)
(26,574
)
(26,197
)
Equity-based compensation expense
1,216
900
2,092
2,116
3,212
Foreign currency loss (gain), net
3,557
5,001
(1,237
)
8,558
2,193
Derivative valuation loss (gain), net
(85
)
(25
)
20
(110
)
74
Early termination and other charges
—
—
802
—
9,251
Adjusted EBITDA
$
(7,569
)
$
(8,441
)
$
(3,594
)
$
(16,010
)
$
(11,467
)
Net loss
$
(12,997
)
$
(15,417
)
$
(3,947
)
$
(28,414
)
$
(25,417
)
Adjustments:
Equity-based compensation expense
1,216
900
2,092
2,116
3,212
Foreign currency loss (gain), net
3,557
5,001
(1,237
)
8,558
2,193
Derivative valuation loss (gain), net
(85
)
(25
)
20
(110
)
74
Early termination and other charges
—
—
802
—
9,251
Income tax effect on non-GAAP
adjustments
175
(1,343
)
(202
)
(1,168
)
(2,152
)
Adjusted Net Loss
$
(8,134
)
$
(10,884
)
$
(2,472
)
$
(19,018
)
$
(12,839
)
Adjusted Net Loss per common share—
- Basic
$
(0.21
)
$
(0.28
)
$
(0.06
)
$
(0.50
)
$
(0.30
)
- Diluted
$
(0.21
)
$
(0.28
)
$
(0.06
)
$
(0.50
)
$
(0.30
)
Weighted average number of shares –
basic
38,174,920
38,544,781
41,741,310
38,359,851
42,561,514
Weighted average number of shares –
diluted
38,174,920
38,544,781
41,741,310
38,359,851
42,561,514
We present Adjusted EBITDA and Adjusted Net Loss as supplemental
measures of our performance. We define Adjusted EBITDA for the
periods indicated as EBITDA (as defined below), adjusted to exclude
(i) Equity-based compensation expense, (ii) Foreign currency loss
(gain), net, (iii) Derivative valuation loss (gain), net and (iv)
Early termination and other charges. EBITDA for the periods
indicated is defined as net loss before interest income, interest
expense, income tax benefit and depreciation and amortization.
We prepare Adjusted Net Loss by adjusting net loss to eliminate
the impact of a number of non-cash expenses and other items that
may be either one time or recurring that we do not consider to be
indicative of our core ongoing operating performance. We believe
that Adjusted Net Loss is particularly useful because it reflects
the impact of our asset base and capital structure on our operating
performance. We define Adjusted Net Loss for the periods as net
loss, adjusted to exclude (i) Equity-based compensation expense,
(ii) Foreign currency loss (gain), net, (iii) Derivative valuation
loss (gain), net, (iv) Early termination and other charges and (v)
Income tax effect on non-GAAP adjustments.
For the six months ended June 30, 2023, we recorded in our
consolidated statement of operations $8,449 thousand of termination
related charges in connection with the voluntary resignation
program that we offered to certain employees during the first
quarter of 2023. For the three and six months ended June 30, 2023,
we recorded $802 thousand of one-time employee incentives.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240731545229/en/
Steven C. Pelayo, CFA The Blueshirt Group Tel. +1 (360) 808-5154
steven@blueshirtgroup.co
Magnachip Semiconductor (NYSE:MX)
過去 株価チャート
から 7 2024 まで 8 2024
Magnachip Semiconductor (NYSE:MX)
過去 株価チャート
から 8 2023 まで 8 2024
