SEOUL, South Korea and CUPERTINO, Calif., Oct. 23, 2014 — (PRNewswire) —  MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced that the company is now supplying LG Display with display panel driver ICs for Ultra HDTVs. 

MagnaChip continuously strives to develop optimized display panel driver ICs in an effort to stay ahead of the ever advancing television technologies such as HDTV and Full HDTV. As a result of its technology leadership and product competitiveness, MagnaChip was chosen by LG Display to supply it with MagnaChip's newly developed display panel driver ICs for LG Display's Ultra HDTVs. 

Display driver ICs for TVs are key components driving the high-definition quality and require leading-edge device technology to ensure best in class high-resolution picture quality.

MagnaChip's newly released display driver IC chip for Ultra HDTVs is optimized for a high-definition  display panel with Ultra HD 3840x2160 resolution that delivers four times the display quality and performance of  Full HD 1920 x 1080 resolution.  MagnaChip's new solution also greatly contributes to enhanced display panel reliability and picture quality. 

Market research firm DisplaySearch* projects that Ultra HDTV set shipments will grow globally from 12.68 million units in 2014  to 64.70 million units by 2017, a five-fold increase  in the Ultra HDTV market.

YJ Kim, interim CEO and General Manager of MagnaChip's Display Solutions Division said, "As the demand for ultra-high-resolution TVs begins to quickly increase, the company is well-positioned to expand in the Ultra HDTV display panel driver IC market by continuously delivering new products with its advanced device technology."

UHD TV Shipments Forecast (Million) 

* Source: NPD DisplaySearch Quarterly Global TV Shipment and Forecast Q3'14 Report

About MagnaChip Semiconductor 

Headquartered in South Korea, MagnaChip Semiconductor is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications. MagnaChip Semiconductor believes it has one of the broadest and deepest ranges of analog and mixed-signal semiconductor platforms in the industry, supported by its 30-year operating history, a large portfolio of registered and pending patents, and extensive engineering and manufacturing process expertise.

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MagnaChip Semiconductor Corporation LG Display Web: http://www.magnachip.com