Magnachip Semiconductor Corporation provided consolidated revenue guidance for First Quarter 2024 and full-year 2024. For First Quarter 2024, Consolidated revenue to be in the range of 46 to 51million, including approximately 3 million of Transitional Foundry Services. MSS revenue to be in the range of 8 to 10 million. This compares with MSS equivalent revenue of 8.6 million in Fourth Quarter 2023. PAS revenue to be in the range of 35 to 38 million. This compares with PAS equivalent revenue of 32.6 million in Fourth Quarter 2023.

For full-year 2024, the company expects MSS revenue to grow double digits year-over-year as compared with MSS equivalent revenue of 44.4 million in 2023. PAS revenue to grow double digits year-over-year as compared with PAS equivalent revenue of 151.3 million in 2023.