Core Viewpoint - The CEO of Magnachip has resigned after ten years, and the board has decided to sell the company while cutting capital expenditures by half [2] Group 1: Leadership Changes - YJ Kim has stepped down as CEO and board member, effective immediately, with Camillo Martino taking over as interim CEO [2] - The board is considering various strategic alternatives, including the potential sale of the company [2] Group 2: Financial Adjustments - Capital expenditures will be reduced from approximately $65 million to $30 million, primarily funded through bank loans [2][3] - The company aims to achieve a break-even adjusted EBITDA as part of its cost-cutting measures, targeting annual savings of $2 million to $3 million in operating expenses [4] Group 3: Strategic Focus - The company is prioritizing investments in its Gumi facility to support the growth of next-generation power products, which are expected to enhance market competitiveness and improve average selling prices and gross margins [3] - The current net cash expenditure is projected to be between $12 million and $13 million, with the remainder covered by bank loans [3]
CEO辞职，Magnachip计划出售
半导体行业观察·2025-08-13 01:38