The MagnaChip semiconductor company of Korea because deficit, quited professional work of CMOS image sensor already completely. MagnaChip company ever was for a time on this market be far ahead, but on market of a few products reaction becomes very slow, thereby by beautiful light (Micron) , OmniVision and Toshiba place are elbowed out outer.
MagnaChip announces to shut its image to handle the business section of the solution, but still provide technical support to former client.
The end of maintenance cost quarter that MagnaChip brings from this will be amounted to 2, 6.3 million dollar, and the four seasons spends what should finish to recombine charge to predict to amount to 1, 5.2 million dollar is controlled. Upkeep and recombine cost to add up to 4, 1.5 million dollar, among them 2, 7.6 million dollar is in with illiquid means 18 months pay future inside year. MagnaChip announced the income of the 3rd quarter to be 176 million dollar, and the corresponding period was 200 million dollar last year, the net loss of the 3rd season is 139.8 million dollar this year, and this number was last year 3, 8.8 million dollar.
The presiding apparitor SangPark of MagnaChip semiconductor company expresses, "Supply in view of current economic environment and the credit that tighten up, the client demand of the 3rd quarter will be far under expect a case. "
"Look into future, we think current market condition and fatigued and weak client demand still can last for some time. Although environment of this kind of economy has challenge sex, we return be the commercial opportunity that can see new 2009 product and new client to intervene. "
MagnaChip near future formulates a new transition strategy -- aim to increase income bottom line and the market share that recover place loses. Regard this as one part of the strategy, magnaChip will undertake reappearing in business of CMOS image sensor, strengthen in brilliant circle acting labour serves, undertake dilate in imitate and power MOSFET business.
Nevertheless, very apparent, this company has defeated in the effort on business of CMOS image sensor.