SEOUL, South Korea and
SAN JOSE, Calif., July 17, 2017 /PRNewswire/ -- MagnaChip
Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:
MX), a Korea-based designer and manufacturer of analog and
mixed-signal semiconductor platform solutions for communications,
IoT, consumer, industrial and automotive applications, announced
today it was selected as a foundry partner by ELAN Microelectronics
to manufacture the world's first fingerprint sensor IC-based
smartcard. The smartcard uses biometrics technology that provides
secure identification to prevent credit card fraud, a severe and
growing problem globally. The sensor-IC based smartcard will be
manufactured utilizing MagnaChip's 0.35 micron Mixed Signal Thick
IMD manufacturing process technology.
The requirement for more precise, efficient and low-power ICs
has increased dramatically, coinciding with the rise in importance
of biometrics technology for a range of applications.
Industry analyst Frost & Sullivan forecasts that the
biometrics industry will grow at a CAGR of 17.4% from 2014 to 2019
and that fingerprint-based sensor ICs will comprise 66% of the
market.
MagnaChip was selected as ELAN's foundry partner primarily
because of the company's recognized specialized foundry capability,
proven and reliable manufacturing processes with robust analog
performance. MagnaChip's current technologies for fingerprint
sensor ICs include 0.35 micron, 0.18 micron 1.8V/3.3V and single
3.3V Mixed Signal technology processes. MagnaChip plans to expand
its portfolio of manufacturing processes to include more advanced
technologies such as its highly competitive 0.18 micron Slim Mixed
Signal manufacturing process, which requires fewer mask layers than
usual. MagnaChip's manufacturing processes are well-suited for
applications in fast-growing markets that require fingerprint
identification, such as in the payment, medical, transportation and
automobile industries.
"We hope that the collaboration between MagnaChip and ELAN will
continue to produce innovative and high quality products for our
customers," said I. H. Yeh, ELAN's
Chief Executive Officer. "ELAN sees its continued strategic
partnership with MagnaChip as a long-term benefit to ELAN and
MagnaChip."
YJ Kim, Chief Executive Officer of MagnaChip, commented, "We are
very pleased to announce MagnaChip's continued partnership with
ELAN and the volume ramp of fingerprint sensor IC-based products
utilizing our 0.35 micron Mixed Signal Thick IMD based process
technology. This process is well-suited for smartcards, which
require low power consumption. We will continue to develop
high-performance and cost-effective fingerprint sensor IC
technology solutions that meet the growing needs of our foundry
customers."
About ELAN Microelectronics
ELAN, a world leading
Smart Human Interface Solution provider with a solid patent
portfolio, has successfully integrated its capacitive multi-touch
solution into Smartphone, Tablet PC, NB/Ultrabook, while Smart-3D
Remote has been promoted into Smart TV & AIO PC, amongst other
portable electronic devices. With its Smart-Touchscreen IC &
Touchpad IC, ELAN is currently in strategic partnership with Intel
in touchscreen controller development. ELAN has received many Win 8
& Win 10 Touch Logo Certifications from Microsoft& has been
awarded with the "Best Choice of the Year" award twice by COMPUTEX
TAIPEI 2009 & 2012. ELAN is
also listed as one of the "Best Under a Billion 200 Companies"
worldwide by Forbes Global Magazine.
About MagnaChip Semiconductor
MagnaChip is a
Korea-based 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 a 30-year operating history, owns a
portfolio of more than 3,400 registered and pending patents, and
has extensive engineering, design and manufacturing process
expertise. For more information, please visit www.magnachip.com.
Information on or accessible through, MagnaChip's website is not a
part of, and is not incorporated into, this release.
CONTACTS:
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In the United
States:
Bruce
Entin
Entin
Consulting
Tel.
+1-408-625-1262
Investor.relations@magnachip.com
|
In
Korea:
Chankeun
Park
Director of Public
Relations
Tel.
+82-2-6903-3195
chankeun.park@magnachip.com
|
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SOURCE MagnaChip Semiconductor Corporation