Korean analog and mixed-signal semiconductor manufacturer MagnaChip Semiconductor Corporation (MX - Free Report) recently announced that it has introduced a new version of its 0.18um embedded Bipolar-CMOS-DMOS (eBCD) technology.
The latest product uses a new binary-coded decimal (BCD), which provides minimal mask additions. Moreover, BCD supports high voltage range applications including DC-DC converters and regulators, low-distortion audio amplifiers, and battery management ICs for mobile and consumer markets.
The BCD technology also uses high density logic devices and high performance analog devices, which are capable of supporting premium features available on standard logic processes, including multiple time programmable memory (MTP), one time programmable memory (OTP), fuse-based trim capabilities, high K metal-insulator-metal capacitors, copper wire bonding compatibility, thick low-cost aluminum top metallization, and low-cost redistribution layer (RDL) process options.
The new modular process will likely help MagnaChip meet customers’ demand for equipments that can support high voltage applications and are economic as well.
Recently, the company had also approved a share buyback program to repurchase up to $100 million of its common stock during the period from Aug 5, 2013 to Dec 15, 2014.
MagnaChip reported second-quarter 2013 revenues of $215.3 million, which rose 6.2% year over year, while net income remained flat at $4.4 million or 12 cents per share.
MagnaChip currently carries a Zacks Rank #2 (Buy). Some other stocks in the same industry that are worth a look include MaxLinear, Inc. (MXL - Free Report) , Microchip Technology Inc. (MCHP - Free Report) and Monolithic Power Systems Inc. (MPWR - Free Report) . All these have a Zacks Rank #2.