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Magnachip Semiconductor Approved A Plan To Shut Down The Company's Display Business By The End Of The Second Quarter Of 2025

Author: Benzinga Newsdesk | April 08, 2025 07:10am

The Company had previously announced its intention to explore all strategic options for the Display business and to classify the Display business as discontinued operations when it reports Q1 results in May in order to focus as a pure-play Power discrete and Power IC company and to achieve profitable revenue growth and maximize shareholder value.
However, the Company has not been able to consummate a transaction following several months of discussions with several interested parties on terms that the Company's Board of Directors believed were in the best interests of the Company and its stockholders. Therefore, the Company has already begun notifying its customers impacted by this decision.

Posted In: MX