Good customer relationships Modest business diversification Lack of near-term maturities Highly competitive and fragmented market for non-memory semiconductors Weak market positions Concentrated customer base The rating on MagnaChip reflects its exposure to the highly competitive and fragmented market for non-memory semiconductors, weak market positions, and concentrated customer base. At the same time, the ratings are supported by the company's good customer relationships, modest business diversification, and lack of near-term maturities. MagnaChip is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products. The company's operations are divided into three main business units: Display Solutions, Power Solutions, and Semiconductor Manufacturing Services. The Display Solutions segment produces flat panel display drivers for mobile phones and LCD TVs. The Power Solutions segment
