Magnachip reported a third-quarter net loss of $12.5 million, or $0.36 per diluted share, on consolidated revenue of $44.0 million. Gross profit margin came in at 14.0%, missing the guidance range due to unfavorable foreign exchange movements and lower fab utilization from a substation upgrade. The company also announced a $5 million strategic equity investment by Navitas Semiconductor to strengthen their partnership for next-generation power semiconductor solutions. Q4 revenue is guided to be between $41.0 million and $45.0 million with gross margins expected at 10% to 12%. Magnachip designs and manufactures analog and mixed-signal power semiconductor platform solutions.
