MagnaChip (MX) Selected by Himax to Commence Volume PMIC Production

September 7, 2016 6:04 AM EDT

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MagnaChip Semiconductor Corporation (NYSE: MX) announced it has begun volume production of a Power Management IC (PMIC) designed by Himax (Nasdaq: HIMX), a Taiwanese leading fabless company, using MagnaChip's specialty 0.18 micron BCD (Bipolar CMOS-DMOS) technology process.

MagnaChip collaborated on the PMIC product development with Himax, as both companies plan to expand their presence in the PMIC market. The collaboration follows a similar joint development effort based on MagnaChip's mature and highly reliable BCD process technology with a major U.S. fabless company. PMIC is a semiconductor that manages and supplies stable power to core chips such as display driver ICs and timing controllers used in digital TVs and monitors.

MagnaChip supported Himax's product design by providing various process technology options and third-party intellectual property (IP). Volume production commenced approximately one year after the database tapeout of the product, making it possible for Himax to meet its time-to-market goals. With production already underway with Himax, MagnaChip is now engaged on a second product development project with Himax.

"We are pleased to jointly develop and start mass production of a Power Management IC with Himax, a leading fabless company in Taiwan" said YJ Kim, Chief Executive Officer of MagnaChip. "Our collaboration with Himax is part of our strategy to grow together with our customers by using our deep experience in product design and specialty process technologies. MagnaChip and Himax will continue to build on our working relationship and reinforce mutual cooperation in the PMIC market for the future."

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