Magnachip Semiconductor Corporation (NYSE:MX) Q1 2023 Earnings Conference Call May 3, 2023 7:30 PM ET
Company Participants
Yujia Zhai - Investor Relations, The Blueshirt Group
YJ Kim - Chief Executive Officer
Conference Call Participants
Nick Doyle - Needham
Operator
Good day, and thank you for standing by. Welcome to the First Quarter 2023 Magnachip Semiconductor Corporation Earnings Conference Call. At this time, all participants are in a listen-only mode. After this conference presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I'd now like to hand the conference over to your host today with Yujia Zhai, Investor Relations representative for MagnaChip. Please go ahead.
Yujia Zhai
Hello everyone. Thank you for joining us to discuss Magnachip’s financial results for the first quarter ended March 31, 2023. The first quarter earnings release that was issued today after the market close can be found on the Company’s investor relations website. The webcast replay of today’s call will be archived on our website shortly afterwards.
Joining me today is YJ Kim, Magnachip’s Chief Executive Officer; Shinyoung Park, Magnachip’s Chief Financial Officer, is on maternity leave. During Shinyoung’s absence, YJ is the Principal Financial Officer of the company. YJ will discuss the Company’s recent operating performance and business overview, and I will provide the financial results for the quarter and YJ will provide guidance for the second quarter of 2023. There will be a Q&A session following the prepared remarks.
During the course of this conference call, we may make forward-looking statements about Magnachip’s business outlook and expectations. Our forward-looking statements, and all other statements that are not historical facts, reflect our beliefs and predictions as of today and therefore are subject to risks and uncertainties as described in the Safe Harbor statement found in our SEC filings.
During the call we also will discuss non-GAAP financial measures. The non-GAAP measures are not prepared in accordance with generally accepted accounting principles, but are intended to illustrate an alternative measure of Magnachip’s operating performance that may be useful. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures can be found in our first quarter earnings release in the investor relations section of our website.
With that, I now will turn the call over to YJ Kim. YJ?
YJ Kim
Hello everyone, thank you for joining us today and welcome to Magnachip’s Q1 2023 earnings call. Before we proceed, I want to welcome Gilbert Nathan as an observer of the Company's Board of Directors and ad hoc Strategic Review Committee of the Board. Mr. Nathan is currently the managing member of Jackson Square Advisors as well as the CEO of Keycon Power Holdings.