Magnachip Initiates Mass Production Of HFR OLED DDIC For 5G Smartphones

Magnachip Semiconductor Corporation (NYSE: MX) initiated full-scale mass production of its first 120Hz High Frame Rate (HFR) OLED display driver IC (DDIC) for QHD flexible displays, followed by the positive release and initial production.
Magnachip’s fresh OLED DDIC product supports 120Hz HFR for QHD displays, meant for 5G smartphones.
This OLED DDIC is also designed for 1440 x 3360 resolution screens and integrated into high-end global 5G smartphones.
Magnachip intends to tap the premium 5G market with the HFR feature and utilize the 28nm process technology.
The ongoing release of new 5G smartphones from the global smartphone manufacturers has been a huge boost to the industry, which had previously slowed down during the pandemic.
Global 5G smartphone shipments reached 220 million units in 2020 and are estimated to grow five times to 1,150 million units by 2023, accounting for 80% of all smartphone shipments.
“We will continuously build the foundation for the future design requirements and expand new opportunities for foldable and 5G smartphones,” said Magnachip CEO YJ Kim.
Price action: MX shares were up 0.1% at $20.16 on the last check Thursday.

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