Magnachip to Expand Its Industrial IGBT Business Based on Advanced Traction Inverter IGBT Technology Jointly Developed in Strategic Partnership with Hyundai Mobis

Core Insights - Magnachip Semiconductor Corporation has entered into an agreement with Hyundai Mobis to utilize high-performance Insulated Gate Bipolar Transistor (IGBT) technology, indicating a strategic partnership aimed at enhancing technological capabilities in the automotive sector [1] Company Summary - Magnachip Semiconductor Corporation is focusing on expanding its business based on the newly acquired IGBT technology, which is expected to bolster its position in the semiconductor market [1] - Hyundai Mobis is recognized as a global auto parts provider, emphasizing its commitment to delivering innovative mobility solutions that integrate software and hardware [1]