MagnaChip Targets Fast-Growing e-Bike Market with High-Performance MOSFET

--100V MOSFET in New Package also Ideal for Electric Scooters--

SEOUL, South Korea and SAN JOSE, Calif., Sept. 24, 2019 — (PRNewswire) —  MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX), a designer and manufacturer of analog and mixed-signal semiconductor products, announced today the release of a 100V Mid-Voltage MOSFET (Metal Oxide Semiconductor Field-Effect Transistor) with a new thermal package ("M2PAK-7P") designed for the fast-growing e-Bike market.  This MOSFET with M2PAK-7P is suitable to meet the particular requirements of electric bike (e-Bike) systems.

E-Bikes, an emerging trend especially with electric scooters, have become an integral part of a new eco-friendly wave of transportation, and represent a "green personal mobility" movement in urban markets.  According to market forecasters, the global e-Bike market is projected to grow at about CAGR of 9% to reach an estimated $39 billion by 2025 from an estimated $21 billion in 2018.

E-Bikes and electric scooters are powered by electric motors running on lithium-ion batteries.  MagnaChip's 100V MOSFET, featuring a best-in-class thermal package, is an essential electronic device that controls the speed of the motor and supplies a stable current of electric power to the lithium-ion Battery Management System (BMS).  The 100V MOSFET is a product of MagnaChip's Power Products Division which offers a wide range of products including a family of MOSFETS, IGBT devices, Battery FETS and Power ICs.

MagnaChip's 100V Mid-Voltage MOSFET is especially suitable for e-Bikes requiring high power systems. With M2PAK-7P, this new MOSFET achieves a best-in-class thermal performance and a lower Rds(on)*, as compared to other MOSFET products currently on the market.  It also increases the maximum operating current to 240A.  These features enable a high level of operational efficiency and a secure supply of power, both of which are necessary for high-powered e-Bikes.

MagnaChip also plans to introduce 80V and 135V Mid-Voltage MOSFET products in M2PAK-7P.  With this strategy, MagnaChip plans to aggressively expand its presence within the e-Bike market and become an industry leader for all power products within it.

"The emergence of e-Bike is a highly attractive opportunity for MagnaChip," said YJ Kim, CEO of MagnaChip. "Our 100V MOSFET product in a specially-designed thermal package is designed for the particular needs of motors and lithium-ion batteries that power e-bikes like electric scooters. MagnaChip plans to launch new Mid-Voltage MOSFET products with M2PAK-7P to meet the evolving needs of this rapidly-growing consumer sector."

For product inquiries, please contact our Power Marketing Team at PowerMKTG@magnachip.com or Power Sales Team at jake.song@magnachip.com.

Editor's Note:* Rds(on): On resistance, the resistance value between the drain and source of a MOSFET during operation (ON).

About MagnaChip Semiconductor

MagnaChip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, industrial and automotive applications.  The company's Standard Products Group and Foundry Services Group provide a broad range of standard products and manufacturing services to customers worldwide.  MagnaChip, with about 40 years of operating history, owns a portfolio of approximately 3,000 registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com.

CONTACTS:




United States (Investor Relations):

Bruce Entin

Entin Consulting

Tel. +1-408-625-1262

Investor.relations@magnachip.com

USA media / industry analysts:

Mike Newsom

LouVan Communications, Inc.

Tel. +1-617-803-5385

mike@louvanpr.com 

Korea / Asia media:

Chankeun Park

Director of Public Relations

Tel. +82-2-6903-5223

chankeun.park@magnachip.com

Cision View original content: http://www.prnewswire.com/news-releases/magnachip-targets-fast-growing-e-bike-market-with-high-performance-mosfet-300922773.html

SOURCE MagnaChip Semiconductor Corporation

Contact:
Company Name: MagnaChip Semiconductor Corporation
Web: http://www.magnachip.com
Financial data for MagnaChip Semiconductor Corporation




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