MagnaChip Semiconductor Corporation announced that it has broadened its line-up of high voltage options for its 0.18um embedded EEPROM process technology. In addition to 10V and 20V high voltage options, the company has successfully integrated a 30V option for its 0.18um embedded EEPROM technology. This additional high voltage option provides increased noise immunity by improving the signal-to-noise ratio characteristics of devices, a critical issue in touch sensing IC performance. This is especially true in applications such as smartphones, tablet PCs, notebooks, and smart TVs. The company's process technology enhances the functionality and performance of these newer IC designs by improving their signal-to-noise characteristics. The company's newly developed 30V process is ideally suited for the larger screen mobile applications that are now being introduced. This new process was developed utilizing a lateral double-diffused MOS structure with sustained performance up to 30V.

MagnaChip Semiconductor Corporation announced the appointment of YJ Kim as executive vice president and general manager of its Display Solutions Division. Mr. Kim will report to Sang Park, MagnaChip's Chairman and CEO. Mr. Kim has over 24 years of semiconductor industry experience. He joins MagnaChip from Cavium Inc., where he was vice president of the Infrastructure Processor Division and General Manager of the Multi-core Processor Group.

MagnaChip Semiconductor Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported net loss of $7,405,000 or $0.21 per basic and diluted share on Net Sales were $205,298,000 against net income of $15,263,000 or $0.41 per basic share and $0.40 per diluted share on Net Sales were $177,002,000 a year ago. Operating income was $22,924,000 compared to $11,875,000 a year ago. Loss before income taxes was $5,743,000 compared to income before income taxes was $17,493,000 a year ago. Adjusted EBITDA was $34,988,000 or $0.94 per diluted share and adjusted net income of $19,706,000 or $0.53 per diluted share compared to adjusted EBITDA was $19,811,000 or $0.52 per diluted share and adjusted net income of $6,520,000 or $0.17 per diluted share a year ago. Net cash provided by operating activities was $37,544,000 compared to $39,853,000 a year ago. Purchase of plant, property and equipment was $32,927,000 compared to $24,758,000 a year ago. Net loss was impacted primarily by a foreign currency loss of $22,600,000 during the quarter which was primarily related to non-cash foreign currency translation for intercompany balances that were denominated in U.S. dollars. For the second quarter of 2013, the company expects: revenue will be in the range of $210 million to $220 million. Gross margin will be 32.0% to 34.0% as a percent of revenue.