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MagnaChip and HiDeep Inc. Announce Partnership to Develop Enhanced OLED Display Capabilities for Next-Generation of Mobile & Handheld Consumer Electronics

SEOUL, South Korea  and  SAN JOSE , Calif. — MagnaChip Semiconductor Corporation (“MagnaChip” or the “Company”) (NYSE: MX), a designer and manufacturer of analog and mixed-signal semiconductor products, and HiDeep Inc., a leading one stop Human Machine Interface (HMI) solutions provider, which offers HMI sensor hardware, semiconductors, and software including UX and UI capabilities ,announced a partnership to develop advanced OLED display capabilities for manufacturers of smartphones and other handheld consumer electronics.

MagnaChip will cooperate with HiDeep to develop enhanced HMI solutions optimized for the growing OLED display market.  Specifically, MagnaChip and HiDeep will collaborate and create useful and cost-effective new HMI solutions for flexible OLED displays for top tier panel makers and smartphone OEMs.  This collaboration also will extend into a variety of other applications and end markets.

MagnaChip is the leading independent provider of OLED DDICs, and benefits from long relationships with the top two display panel makers in the world.  Further, more than a dozen smartphone OEMs currently use MagnaChip’s OLED DDICs in their smartphone lineups.  Over the past 10 years, MagnaChip has shipped more than 400 million OLED DDICs and developed a broad portfolio of patents related to the design and manufacturing of OLED display drivers.

HiDeep is a leading provider of HMI solutions.  HiDeep’s products include 2D touch solutions for on-cell flexible OLED displays for smartphones and tablets, 3D force touch solutions for smartphones and other applications, passive stylus solutions including palm-rejection capabilities for leading tablet and for educational OEMs, and active stylus solutions for tablets including the world’s first single chip solution to support MPP2.0 and USI 1.0 protocols.  HiDeep is one of the few vendors worldwide to have shipped in volume 3D force touch solutions to leading Android smartphone OEMs.  HiDeep has developed a large IP portfolio across all its solutions.

 “Smartphones featuring OLED displays are expected by industry forecasters to account for about half of the market by 2021, and that growth from about 30% in 2018 will provide development opportunities for our partnership with HiDeep,” said YJ Kim, Chief Executive Officer of MagnaChip.  “For example, HiDeep is a provider of HMI Technology for smartphones and we believe HiDeep’s advanced IC technology can work with our leading DDIC technology to create interesting new human machine interface capabilities for OLED displays.”

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