
Camillo Martino to Continue as Chairman of the Board


Magnachip Semiconductor Corporation (NYSE:MX, &#34;Magnachip&#34;)) announced the appointment of Chae Lee as Chief Executive Officer, effective July 1, 2026. Lee

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<i xmlns="http://www.w3.org/1999/xhtml">Camillo Martino to Continue as Chairman of the Board</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Magnachip Semiconductor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MX">MX</a>, "Magnachip")) announced the appointment of Chae Lee as Chief Executive Officer, effective July 1, 2026. Lee is also expected to join Magnachip’s Board of Directors following the effective date of his appointment. Lee succeeds Camillo Martino, who has served as Interim Chief Executive Officer since August 2025 and will continue to serve as Chairman of the Board of Directors.

</p><p xmlns="http://www.w3.org/1999/xhtml" id="news-body-cta">This press release features multimedia. View the full release here: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260629698526/en/" rel="nofollow">https://www.businesswire.com/news/home/20260629698526/en/</a></p><div xmlns="http://www.w3.org/1999/xhtml" id="bwbodyimg" style="width: 385px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mms.businesswire.com/media/20260629698526/en/2841529/4/Magnachip_CEO_Chae_Lee.jpg" alt="Magnachip appoints Chae Lee as Chief Executive Officer, effective July 1, 2026."></img><p xmlns="http://www.w3.org/1999/xhtml" style="font-size:85%;">Magnachip appoints Chae Lee as Chief Executive Officer, effective July 1, 2026.</p></div><p xmlns="http://www.w3.org/1999/xhtml">
Lee brings more than 30 years of global semiconductor industry experience spanning power semiconductors, power management integrated circuits (PMIC), sensors, audio amplifiers with expertise in applications, sales, marketing, operations and executive leadership. Most recently, he served as Chief Executive Officer of Tagore Technology, a provider of Gallium Nitride (GaN) semiconductor solutions for Radio Frequency (RF) and Power applications. Prior to Tagore, Lee held senior leadership positions at semiconductor companies including Insyte Systems, NXP Semiconductors, and Maxim Integrated Products where he was responsible for strong high-margin revenue growth through innovative product development in its mobility group.

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"Chae has a strong background ideally suited to guide Magnachip through its next phase of growth," said Camillo Martino, Chairman of the Board. "Chae brings a unique combination of deep technical expertise, operational leadership and commercial experience across both power ICs and system solutions. His experience aligns perfectly with Magnachip’s strategy to strengthen our product portfolio, accelerate innovation and expand our presence in high-value power semiconductor markets."

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Martino added, "On behalf of the Board, I would also like to thank our employees for their dedication and resilience over the past year. I look forward to continuing to work closely with Chae and the management team as Chairman."

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"I am honored to join Magnachip at this important point in its evolution," said Lee. "Magnachip has a strong heritage in power semiconductors, a talented team, valuable manufacturing assets and on a path to developing compelling next-generation products. I believe the Company is well positioned to capitalize on long-term opportunities across AI, data center, industrial, automotive, robotics, communications, computing and consumer applications. I look forward to working closely with the Board and the entire Magnachip organization to build on the progress already underway and create outstanding value for customers, employees and shareholders."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Magnachip Semiconductor</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Magnachip is a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions for various applications, including industrial, automotive, communication, consumer and computing. The Company provides a broad range of standard products to customers worldwide. Magnachip, with about 45 years of operating history, owns a substantial number of registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.magnachip.com&amp;esheet=54562356&amp;newsitemid=20260629698526&amp;lan=en-US&amp;anchor=www.magnachip.com&amp;index=1&amp;md5=43a555b33bd259336160a2138cf6af30" shape="rect">www.magnachip.com</a>. Information on or accessible through Magnachip’s website is not a part of, and is not incorporated into, this release.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260629698526r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260629698526/en/" rel="nofollow">https://www.businesswire.com/news/home/20260629698526/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Mike Bishop
<br xmlns="http://www.w3.org/1999/xhtml"></br>United States (Investor Relations)
<br xmlns="http://www.w3.org/1999/xhtml"></br>Bishop IR, LLC
<br xmlns="http://www.w3.org/1999/xhtml"></br>Tel. +1-415-891-9633
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:mike@bishopir.com" shape="rect">mike@bishopir.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Kyeongah Cho
<br xmlns="http://www.w3.org/1999/xhtml"></br>Global Marketing Communication
<br xmlns="http://www.w3.org/1999/xhtml"></br>Magnachip Semiconductor
<br xmlns="http://www.w3.org/1999/xhtml"></br>Tel. +82-2-6903-3179
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:pr@magnachip.com" shape="rect">pr@magnachip.com</a>

</p>

Magnachip Appoints Chae Lee as Chief Executive Officer

Magnachip appoints Chae Lee as CEO to steer growth strategy

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Camillo Martino to Continue as Chairman of the Board


Magnachip Semiconductor Corporation (NYSE:MX, &amp;#34;Magnachip&amp;#34;)) announced the appointment of Chae Lee as Chief Executive Officer, effective July 1, 2026. Lee</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Magnachip named Chae Lee as CEO effective July 1, 2026, with Camillo Martino continuing as Chairman. Lee brings 30+ years in semiconductors, including GaN and PMIC leadership at Tagore, NXP, and Maxim, positioning Magnachip to pursue AI, data-center, automotive, and industrial opportunities. The move signals a strategic shift, though near-term stock reaction will hinge on communicated roadmap and execution.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Magnachip names Chae Lee CEO effective July 1, 2026. Camillo Martino remains Chairman.</li><li>Lee has 30+ years in semiconductors, including GaN and PMIC leadership.</li><li>Prior roles at Tagore, NXP, Maxim imply execution capabilities.</li><li>CEO appointment signals Magnachip&#039;s growth focus in AI, data centers, automotive.</li><li>Market reaction remains uncertain; strategic roadmap details are key.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Magnachip Semiconductor (MX)</strong>: CEO transition may influence strategic direction, product roadmap, and margins.</li><li><strong>NXP Semiconductors (NXPI)</strong>: Lee previously held senior roles; could bolster Magnachip’s credibility and network.</li><li><strong>Maxim Integrated (MXIM)</strong>: Former employer of Lee; signals leadership pedigree and potential strategic guidance.</li><li><strong>Tagore Technology (N/A)</strong>: GaN-focused firm where Lee served as CEO; demonstrates GaN/domain expertise.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. This leadership change fits governance/strategic-shift analysis rather than earnings, with potential long-run implications for MX&#039;s product strategy and margins.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>CEO appointment could realign Magnachip&#039;s strategy toward higher-margin power ICs.</li><li>No revenue or earnings figures disclosed; investors await roadmap details.</li><li>AI, data center, and automotive tailwinds may support Magnachip&#039;s long-term demand.</li><li>Board stability and leadership change could affect customer sentiment and supplier talks.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>MX ticker, Magnachip Semiconductor, NYSE.</li><li>Chae Lee named CEO; effective July 1, 2026.</li><li>Lee has 30+ years in semiconductors; past roles at Tagore, NXP, Maxim.</li><li>Camillo Martino to remain Chairman; Interim CEO since Aug 2025.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Long-term bullish on Magnachip if the new CEO outlines a credible growth roadmap within 12–24 months.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">Camillo Martino to Continue as Chairman of the Board</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Magnachip Semiconductor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MX">MX</a>, "Magnachip")) announced the appointment of Chae Lee as Chief Executive Officer, effective July 1, 2026. Lee is also expected to join Magnachip’s Board of Directors following the effective date of his appointment. Lee succeeds Camillo Martino, who has served as Interim Chief Executive Officer since August 2025 and will continue to serve as Chairman of the Board of Directors.

</p><p xmlns="http://www.w3.org/1999/xhtml" id="news-body-cta">This press release features multimedia. View the full release here: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260629698526/en/" rel="nofollow">https://www.businesswire.com/news/home/20260629698526/en/</a></p><div xmlns="http://www.w3.org/1999/xhtml" id="bwbodyimg" style="width: 385px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mms.businesswire.com/media/20260629698526/en/2841529/4/Magnachip_CEO_Chae_Lee.jpg" alt="Magnachip appoints Chae Lee as Chief Executive Officer, effective July 1, 2026."></img><p xmlns="http://www.w3.org/1999/xhtml" style="font-size:85%;">Magnachip appoints Chae Lee as Chief Executive Officer, effective July 1, 2026.</p></div><p xmlns="http://www.w3.org/1999/xhtml">
Lee brings more than 30 years of global semiconductor industry experience spanning power semiconductors, power management integrated circuits (PMIC), sensors, audio amplifiers with expertise in applications, sales, marketing, operations and executive leadership. Most recently, he served as Chief Executive Officer of Tagore Technology, a provider of Gallium Nitride (GaN) semiconductor solutions for Radio Frequency (RF) and Power applications. Prior to Tagore, Lee held senior leadership positions at semiconductor companies including Insyte Systems, NXP Semiconductors, and Maxim Integrated Products where he was responsible for strong high-margin revenue growth through innovative product development in its mobility group.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Chae has a strong background ideally suited to guide Magnachip through its next phase of growth," said Camillo Martino, Chairman of the Board. "Chae brings a unique combination of deep technical expertise, operational leadership and commercial experience across both power ICs and system solutions. His experience aligns perfectly with Magnachip’s strategy to strengthen our product portfolio, accelerate innovation and expand our presence in high-value power semiconductor markets."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Martino added, "On behalf of the Board, I would also like to thank our employees for their dedication and resilience over the past year. I look forward to continuing to work closely with Chae and the management team as Chairman."

</p><p xmlns="http://www.w3.org/1999/xhtml">
"I am honored to join Magnachip at this important point in its evolution," said Lee. "Magnachip has a strong heritage in power semiconductors, a talented team, valuable manufacturing assets and on a path to developing compelling next-generation products. I believe the Company is well positioned to capitalize on long-term opportunities across AI, data center, industrial, automotive, robotics, communications, computing and consumer applications. I look forward to working closely with the Board and the entire Magnachip organization to build on the progress already underway and create outstanding value for customers, employees and shareholders."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Magnachip Semiconductor</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Magnachip is a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions for various applications, including industrial, automotive, communication, consumer and computing. The Company provides a broad range of standard products to customers worldwide. Magnachip, with about 45 years of operating history, owns a substantial number of registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.magnachip.com&amp;esheet=54562356&amp;newsitemid=20260629698526&amp;lan=en-US&amp;anchor=www.magnachip.com&amp;index=1&amp;md5=43a555b33bd259336160a2138cf6af30" shape="rect">www.magnachip.com</a>. Information on or accessible through Magnachip’s website is not a part of, and is not incorporated into, this release.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260629698526r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260629698526/en/" rel="nofollow">https://www.businesswire.com/news/home/20260629698526/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Mike Bishop
<br xmlns="http://www.w3.org/1999/xhtml"></br>United States (Investor Relations)
<br xmlns="http://www.w3.org/1999/xhtml"></br>Bishop IR, LLC
<br xmlns="http://www.w3.org/1999/xhtml"></br>Tel. +1-415-891-9633
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:mike@bishopir.com" shape="rect">mike@bishopir.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Kyeongah Cho
<br xmlns="http://www.w3.org/1999/xhtml"></br>Global Marketing Communication
<br xmlns="http://www.w3.org/1999/xhtml"></br>Magnachip Semiconductor
<br xmlns="http://www.w3.org/1999/xhtml"></br>Tel. +82-2-6903-3179
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:pr@magnachip.com" shape="rect">pr@magnachip.com</a>

</p>

Magnachip named Chae Lee as CEO effective July 1, 2026, with Camillo Martino continuing as Chairman. Lee brings 30+ years in semiconductors, including GaN and PMIC leadership at Tagore, NXP, and Maxim, positioning Magnachip to pursue AI, data-center, automotive, and industrial opportunities. The move signals a strategic shift, though near-term stock reaction will hinge on communicated roadmap and execution.

Magnachip Appoints Chae Lee as Chief Executive Officer

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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