MagnaChip Semiconductor (MX) has disclosed a new risk, in the Manufacturing category.
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MagnaChip Semiconductor is exposed to operational risk as its Gumi fabrication facility depends on an uninterrupted and stable electricity supply to support continuous manufacturing and highly sensitive equipment. Planned upgrades and modernization of both internal facilities and external power infrastructure could cause temporary power interruptions that may damage equipment, reduce yields, and lead to production delays and wafer losses, thereby negatively affecting its business, prospects, financial condition, and results of operations.
The average MX stock price target is $4.00, implying -11.70% downside potential.
To learn more about MagnaChip Semiconductor’s risk factors, click here.