Magnachip’s Display Business Down on Supply Shortages
Full-year revenue of $337.7 million decreased 28.8% YoY due to significantly lower display revenue as a result of severe 28nm 12-inch OLED wafer shortages that impacted 2nd half design-in projects from large panel customers in Korea and weak demand for Android smartphones that led to an inventory correction by smartphone OEMs. In addition, Magnachip closed Q4 with $61.0 million revenue, near the … Read more