Magnachip Finalizes IGBT Technology Agreement with Hyundai Mobis

Magnachip Semiconductor Corporation (NYSE:MX) is one of the best NYSE penny stocks to invest in right now. On November 3, Magnachip Semiconductor Corporation announced an agreement with Hyundai Mobis Company Limited/MOBIS to use advanced and high-performance Insulated Gate Bipolar Transistor/IGBT technology. The move is intended to facilitate the expansion of Magnachip’s business. MOBIS is a global auto parts provider focusing on mobility solutions, has been collaborating with Magnachip since 2015, which ...