Magnachip Unveils its First Power Management IC Optimized for OLED IT Devices

Rhea-AI Summary

Magnachip Semiconductor Corporation (NYSE: MX) has launched its first Power Management Integrated Circuit (PMIC) for IT devices with OLED screens. This PMIC enhances power efficiency and battery life in devices such as laptops and tablets. It features advanced functions like output voltage control and supports a variable refresh rate, improving power consumption and user experience. Market research predicts a significant growth in OLED panel shipments for laptops and tablets, indicating robust demand. The CEO stated that the company will expand its PMIC product offerings to meet market needs.

Positive

• Launch of first PMIC for OLED IT devices, enhancing power efficiency.
• Supports variable refresh rates, improving user experience in high-quality videos and gaming.
• Omdia projects OLED panel shipments for laptops and tablets to grow significantly by 2027.

Negative

• None.

SEOUL, South Korea, Nov. 15, 2022 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that the company has launched its first Power Management Integrated Circuit (PMIC) for IT devices equipped with OLED screens.

A PMIC is a core component to supply power to electronic devices. It plays an increasingly important role as the battery life of handheld IT devices like laptops and tablets is highly dependent on power efficiency.

Based on Magnachip's integrated power IC technology, this newly-designed PMIC communicates with a system by using an Inter-Integrated Circuit (I²C). Therefore, it can control functions such as output voltage control, ON/OFF block, output voltage sequence management, protection circuit fault flag, and switching frequency transition -- all of which offer seamless connectivity and outstanding performance.

The fast transient response of this PMIC supports a variable refresh rate. This allows a screen to adjust how often it refreshes the image to match the frame rate without user input. This feature greatly reduces power consumption and enables a smooth and comfortable viewing experience for games and high-quality videos at refresh rates of 60Hz~240Hz.

In addition, the power circuit can be simple and compact. This new IC incorporates one boost regulator for the power supply to source and gate drivers, one low dropout (LDO) regulator, two voltage reference operational amplifiers, three negative output LDO regulators, three high-current buck regulators for power supply to a timing controller and two operational amplifiers for the gamma buffer. This level of integration results in smaller and faster electronic circuits. Engineered with strong circuit protection, this PMIC also provides over-voltage protection, short circuit protection, thermal shutdown, under voltage lockout, over current detection, over current shutdown and clamping circuit.

Omdia, a global market research firm, estimates that the OLED panel shipments for laptops will grow 44.3% annually from 6.3 million substrates in 2022 to 39.2 million substrates by 2027. The research firm also expects that OLED panels for tablet PCs will be shipped from 3.9 million substrates this year to 24.2 million substrates in 2027.

"The expansion of OLED applications in IT devices is expected to continue," said YJ Kim, CEO of Magnachip. "Magnachip will extend its premium PMIC product line through technological validation for a wide range of IT applications to address changing market demand and design requirements."

About Magnachip Semiconductor

Magnachip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, computing, industrial and automotive applications. The Company provides a broad range of standard products to customers worldwide. Magnachip, with more than 40 years of operating history, owns a portfolio of approximately 1,100 registered patents and pending applications, 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:

United States (Investor Relations): Yujia Zhai The Blueshirt Group Tel. +1-860-214-0809 Investor.relations@magnachip.com	USA media / industry analysts: Mike Newsom LouVan Communications, Inc. Tel. +1-617-803-5385 mike@louvanpr.com	Korea / Asia media: Min A KIM Senior manager of Public Relations Tel. +82-2-6903-3211 mina3.kim@magnachip.com

 

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SOURCE Magnachip Semiconductor Corporation

FAQ

What is the significance of Magnachip's new PMIC for OLED IT devices?

The new PMIC enhances power efficiency and battery life for laptops and tablets equipped with OLED screens.

How does the PMIC improve the user experience?

It supports variable refresh rates, allowing smoother video playback and gaming experiences while reducing power consumption.

What is the expected market growth for OLED panels according to Omdia?

Omdia estimates OLED panel shipments for laptops will grow 44.3% annually, reaching 39.2 million substrates by 2027.

What technology does the PMIC utilize?

The PMIC is based on Magnachip's integrated power IC technology and communicates through an Inter-Integrated Circuit (I2C).

What are the key features of this PMIC?

Key features include over-voltage protection, short circuit protection, and support for high-current buck regulators.