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MagnaChip Semiconductor Corp (MX.N)

MX.N on New York Stock Exchange

8.65USD
22 Mar 2017
Change (% chg)

$-0.20 (-2.26%)
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$8.85
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Volume
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Latest Key Developments (Source: Significant Developments)

Magnachip Semiconductor says board approved implementation of a new headcount reduction plan
Thursday, 23 Feb 2017 04:56pm EST 

Magnachip Semiconductor Corp : Magnachip Semiconductor - board of directors of Magnachip Semiconductor Corporation approved implementation of a new headcount reduction plan . Magnachip - plan is expected to result in estimated annual cost savings of $20 million to $27 million, depending upon final size of workforce reduction . Expects to record a charge related to other termination benefits payable under plan during q1 of 2017 .Magnachip - total estimated cost of headcount reduction plan is approximately $27 to $37 million.  Full Article

Magnachip prices upsized 5 pct exchangeable senior notes offering
Wednesday, 11 Jan 2017 08:45am EST 

Magnachip Semiconductor Corp : Magnachip prices upsized 5 pct exchangeable senior notes offering . Has priced an upsized offering of $75 million aggregate principal amount of exchangeable senior notes due 2021 . To use proceeds from offering of notes for anticipated cost reduction program to be implemented during first half of 2017 .To use net proceeds from offering of notes to also repurchase common stock as part of stock repurchase program.  Full Article

Magnachip Semiconductor sees Q4 revenue about $180 mln
Tuesday, 10 Jan 2017 04:15pm EST 

Magnachip Semiconductor Corp - : Magnachip Semiconductor pre-announces preliminary fourth quarter 2016 financial results . Sees Q4 revenue about $180 million .Gross profit margin is expected to be approximately 25% for q4.  Full Article

MagnaChip Semiconductor board appoint Gary Tanner as chairman of board - SEC filing
Tuesday, 11 Oct 2016 04:32pm EDT 

MagnaChip Semiconductor Corp :On October 6, 2016, board of directors of co appointed Gary Tanner to serve as chairman of board - SEC filing.  Full Article

Magnachip Semiconductor-Effective Aug 8, board increased size of board to eight members and appointed Melvin Keating as a director - SEC Filing
Wednesday, 10 Aug 2016 04:32pm EDT 

Magnachip Semiconductor Corp :Effective Aug 8, board increased size of board to eight members and appointed Melvin L. Keating as a director - SEC Filing.  Full Article

Pleasant Lake Partners reports 9.99 pct passive stake in Magnachip Semiconductor
Monday, 8 Aug 2016 06:17pm EDT 

Magnachip Semiconductor Corp :Pleasant Lake Partners reports 9.99 pct passive stake in Magnachip Semiconductor Corp as of Aug 4 - SEC filing.  Full Article

MagnaChip reports Q2 loss per share $0.51
Wednesday, 3 Aug 2016 04:15pm EDT 

MagnaChip Semiconductor Corp : MagnaChip reports second quarter 2016 financial results . Q2 GAAP loss per share $0.51 . Sees Q3 2016 revenue $180 million to $185 million . Q2 adjusted non-GAAP loss per share $0.05 . Q2 revenue $167.1 million .Q3 gross profit to be in range of 21 pct to 24 pct as a percent of revenue.  Full Article

BRIEF-Magnachip Semiconductor LLC board approves plan to close Korea fabrication facility - Reuters News
Monday, 4 Apr 2016 04:09am EDT 

Magnachip Semiconductor Corp:As previously reported, on december 4, 2014, board approved a plan to close six-inch fabrication facility in cheongju, korea - RTRS.On april 4, commenced voluntary resignation program available for all 6-inch fab employees, certain other manufacturing employees.Due to voluntary nature of program, unable to provide an estimated amount of related severance and other termination benefits.  Full Article

Magnachip Semiconductor Corp gives Q4 2015 revenue guidance
Tuesday, 19 Jan 2016 06:00am EST 

Magnachip Semiconductor Corp:Expects Q4 2015 revenue to be about $152 million, within MagnaChip's previously announced $143 million to $153 million guidance range.  Full Article

Magnachip Semiconductor Corp gives Q4 2015 revenue guidance in line with analysts' estimates
Thursday, 29 Oct 2015 04:01pm EDT 

Magnachip Semiconductor Corp:Sees Q4 2015 revenue to be in the range of $143 million to $153 million.Q4 2015 revenue of $152 million - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

BRIEF-Magnachip Semiconductor says board approved implementation of a new headcount reduction plan

* Magnachip Semiconductor - board of directors of Magnachip Semiconductor Corporation approved implementation of a new headcount reduction plan