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.
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SOURCE MagnaChip Semiconductor Corporation