MagnaChip (MX) to Shut Down Display Business by End of Q2 2025
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Magnachip Announces Plan to Shut Down Display Business by End of Q2 2025
April 8, 2025 7:00 AM EDTCompany to Become a Pure-Play Power Business To Drive Profitable Growth and Maximize Shareholder Value
-Company will continue to evaluate opportunities to monetize Display assets-
SEOUL, South Korea--(BUSINESS WIRE)-- Magnachip Semiconductor Corporation (NYSE: MX) (Magnachip or the Company) today announced that after a thorough review its Board of Directors unanimously approved a plan to shut down the Companys Display business by the end of the second quarter of 2025. The Company had previously announced its intention to explore all strategic options for the Display... More
