Magnachip launches improved MOSFET for smartphone batteries
Magnachip Semiconductor Corporation (NYSE: MX) has unveiled its latest advancement in semiconductor technology with the launch of its 8th-generation MXT LV MOSFET, designed to enhance battery protection circuits in premium smartphones, especially those equipped with on-device artificial intelligence (AI).
The new 12V dual N-channel MOSFET, named MDWC12D024PERH, incorporates Magnachip’s proprietary Super-Short Channel FET II (SSCFET® II) technology, which the company claims significantly reduces the channel length, leading to a lower on resistance (RSS(on)).
The technological improvement is reported to decrease power loss by about 22% compared to its predecessor, potentially reducing smartphone charging times and lowering the internal temperature of devices by approximately 12% during fast charging.
The development comes at a time when global smartphone manufacturers are increasingly focusing on integrating AI capabilities within their devices. According to market research from Omdia, the shipment of on-device AI smartphones is projected to grow at an average annual rate of 50% from 2024 to 2028, with an anticipated reach of 606 million units by the end of that period.
YJ Kim, CEO of Magnachip, noted the company’s continuous innovation, stating, “Following the development of Super-Short Channel FET I technology and the successful product rollout early last year, Magnachip has now introduced an upgraded Super-Short Channel FET II technology.”
Kim also indicated plans to expand the company’s high-density cell trench technology and launch additional power solutions targeting a broader range of consumer electronics, including smartwatches and earphones, in the latter half of the year.
The new MOSFET is part of Magnachip’s MXT LV MOSFET product line, which includes a range of 12~40V trench MOSFETs. Magnachip, with a history spanning over four decades, holds a portfolio of approximately 1,100 registered patents and pending applications and is known for its expertise in engineering, design, and manufacturing processes in the semiconductor industry.
InvestingPro Insights
As Magnachip Semiconductor Corporation (NYSE: MX) steps forward with its innovative 8th-generation MXT LV MOSFET, the company’s financial health and market performance provide additional context for investors considering the stock. According to recent data from InvestingPro, Magnachip has a market capitalization of $191.34 million, showcasing the scale of its operations within the semiconductor industry. Despite facing a challenging market environment, with a reported revenue decline of -23.56% over the last twelve months as of Q1 2024, the company holds a noteworthy Price / Book multiple of 0.59, indicating that the stock might be trading at a lower market value compared to the company’s book value.
One of the InvestingPro Tips highlights that Magnachip is trading near its 52-week low, which could potentially signal a buying opportunity for value investors seeking to capitalize on market fluctuations. Additionally, the company’s management has been actively engaging in share buybacks, as noted in another InvestingPro Tip, a move that often reflects leadership’s confidence in the future prospects of the company.
For investors intrigued by Magnachip’s strategic developments and considering a deeper dive into the company’s financials, InvestingPro offers a suite of additional tips. With a total of 13 InvestingPro Tips available, these insights can further inform investment decisions. To access these tips and gain a comprehensive understanding of Magnachip’s investment potential, use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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