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Magnachip Reports Q2 Revenue of $44.7M
Reports Q2 revenue $44.7M vs. $47.6M last year. Chae Lee, Magnachip's CEO said, "Our second quarter results underscore both the challenges and the opportunity ahead. Our strategic relationship with Navitas marks an important milestone toward our plan to rebuild Magnachip. As I have met with our employees and customers over the past month, I have become increasingly confident in the strength of Magnachip's technology, engineering talent and manufacturing capabilities. Building on the strategic transformation already underway, we are focused on developing more differentiated power semiconductor solutions, improving our execution, and positioning Magnachip to compete through advanced innovation. While this transformation will take time, I believe it will strengthen our competitive position and create greater long-term shareholder value."
Largest Indicative Borrow Rate Increases in Liquid Options
Latest data shows the largest indicative borrow rate increases among liquid option names include: Defiance Daily Target 2X Long RGTI ETF (RGTX) 28.18% +1.46, GraniteShares 2x Long IONQ Daily ETF (IONL) 25.66% +0.57, ETFS Physical Platinum Shares (PPLT) 10.56% +0.55, db X trackers China (ASHR) 7.56% +0.41, Vivopower Plc (VIVO) 13.97% +0.28, Direxion S&P Biotech Bear 3X (LABD) 15.05% +0.27, Xanadu Quantum Technologies Limited Class B (XNDU) 30.14% +0.27, Quantum Computing (QUBT) 10.55% +0.23, MagnaChip (MX) 2.05% +0.22, and Velo3D Inc (VELO) 5.45% +0.19.
Magnachip Appoints Chae Lee as CEO
Magnachip Semiconductor Corporation announced the appointment of Chae Lee as Chief Executive Officer, effective July 1, 2026. Lee is also expected to join Magnachip's Board of Directors following the effective date of his appointment. Lee succeeds Camillo Martino, who has served as Interim Chief Executive Officer since August 2025 and will continue to serve as Chairman of the Board of Directors. Lee brings more than 30 years of global semiconductor industry experience spanning power semiconductors, power management integrated circuits, sensors, audio amplifiers with expertise in applications, sales, marketing, operations and executive leadership. Most recently, he served as Chief Executive Officer of Tagore Technology, a provider of Gallium Nitride semiconductor solutions for Radio Frequency and Power applications. Prior to Tagore, Lee held senior leadership positions at semiconductor companies including Insyte Systems, NXP Semiconductors, and Maxim Integrated Products where he was responsible for strong high-margin revenue growth through innovative product development in its mobility group.
MagnaChip Introduces New 6th-Gen 600V MOSFETs
MagnaChip announced the introduction of two new 6th-generation 600V Super Junction MOSFETs designed to meet the growing performance and efficiency requirements of AI servers, EV charging systems and industrial power applications. The new products feature low RDS values of 36mOmega and 37mOmega, helping reduce conduction losses and improve overall power conversion efficiency. In addition, both devices integrate a Zener diode between the gate and source terminals to provide enhanced protection against electrostatic discharge, thereby improving device reliability. The chip size has also been significantly reduced compared with the previous generation, contributing to improved integration and design flexibility. The MMTB60R037G6FZVRH incorporates a Fast Recovery Body Diode, which helps reduce reverse recovery losses and improve switching performance in high-frequency power conversion systems. These characteristics make it well suited for AI server power supplies, where efficiency, thermal management and power density are critical design considerations.
MagnaChip Trading Halted Due to Volatility
MagnaChip trading halted, volatility trading pause
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