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SEOUL, South Korea , May 15 /PRNewswire/ -- MagnaChip Semiconductor, Ltd., a leading provider of analog and mixed signal semiconductor products for high volume consumer applications, today, announced it has entered into distribution agreements for its power management products with three premier Asian distributors.
MagnaChip's distribution partners are Supreme Electronics based in Taiwan , Plus Good Enterprises based in China / Hong Kong , and Tigerchip based in Korea. MagnaChip's power management solutions enable customers to increase system stability and reduce heat dissipation and energy use, resulting in cost savings for its customers and consumers.
Brent Rowe , Senior Vice President of Worldwide Sales at MagnaChip, commented, "Our entry into the power management market is timely given the increasing demand for energy efficient, green solutions. We expect our three new channel partners to expedite our market entry by supporting us in demand creation, the design in process, and other logistics. We are confident that MagnaChip's power management solutions will utilize our advanced analog and mixed-signal technology platform to expand our market opportunity and meet more of our customers' needs."
About MagnaChip Semiconductor
Headquartered in Seoul, South Korea , MagnaChip Semiconductor is a leading, Asia -based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications, such as mobile phones, digital televisions, flat panel displays, notebook computers, mobile multimedia devices and digital cameras. The Company has a broad range of analog and mixed-signal semiconductor technology, supported by its 28-year operating history, large portfolio of registered and pending patents and extensive engineering and manufacturing process expertise. For more information, visit www.magnachip.com.
Certain statements contained in this press release contain forward-looking statements regarding MagnaChip Semiconductor's operations, economic performance and financial condition. Although MagnaChip Semiconductor believes that the expectations reflected in these statements are reasonable, no assurance can be given that such expectations will prove to have been correct as a result of many factors, including those described in our annual report on Form 10-K for the year ended December 31, 2007 , which was filed with the Securities and Exchange Commission on March 31, 2008 .