MagnaChip(MX) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Magnachip Reports Results for First Quarter 2024 Financial Highlights Operational Highlights SEOUL, South Korea, May 2, 2024 – Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced financial results for the first quarter 2024. YJ Kim, Magnachip's Chief Executive Officer commented, "In Q1 we started the initial revenue ramp for OLED DDICs for the after-service market, and we were awarded two new designs targeted for a leading China smartphone OEM and also ...