MagnaChip Semiconductor Corporation held its Q1 2025 Investor Conference Call to discuss the financial results for the first quarter ending March 31, 2025. The event was attended by key figures including CEO YJ Kim and CFO Shinyoung Park. During the call, Steven Pelayo introduced the session and clarified that the earnings release had been posted on the company's investor relations website. A significant announcement was made regarding the company's strategic direction, with YJ Kim stating, "On April 8th, we announced that after a thorough review, our Board of Directors unanimously approved a plan to shut down the Company's Display business by the end of Q2." This move aligns with MagnaChip's pivot towards focusing on high-value market opportunities in automotive, industrial, and AI applications, which are expected to represent over 60% of the company's product mix by 2028. YJ Kim highlighted the progress made in Power Analog Solutions, revealing, "We released 27 new generation Power Analog Solutions products in Q1 that are fully qualified and ready for commercial sampling." These developments have already led to design wins in multiple regions, including Korea, China, the USA, and Taiwan. The full transcript can be accessed through the link below.