Magnachip Semiconductor Corporation (NYSE:MX) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET

Company Participants

So-Yeon Jeong - Head of Investor Relations

YJ Kim - Chief Executive Officer

Shinyoung Park - Chief Financial Officer

Conference Call Participants

Suji Desilva - ROTH Capital

Raji Gill - Needham & Company

Martin Yang - Oppenheimer

Operator

Good day, and thank you for standing by. Welcome to the Q1 2022 MagnaChip Semiconductor Corporation's Earnings Conference Call. At this time, all participants are in a listen-only mode. As of the speakers' presentation, there will be a question-and-answer session. To ask a question one is being recorded. And if you require any assistance during the call, press.

I would now like to hand the conference over to your speaker today, Ms. So-Yeon Jeong. Mr. Zhang, the floor is yours.

So-Yeon Jeong

Thank you, everyone, for joining us to discuss MagnaChip's financial results for the first quarter ended March 31, 2022. The first quarter earnings release that was filed today after the stock market closed can be found on our Investor Relations website. A telephone replay of today's call will be available shortly after the completion of the call, and the webcast will be archived on our website for 1 year. Access information is provided in the earnings press release. Joining me today are YJ Kim, MagnaChip's Chief Executive Officer; and Sinon Park, our Chief Financial Officer. YJ will discuss the company's recent operating performance and business overview, and Xin Yang will review financial results for the quarter and provide guidance for the second quarter of 2022.

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 non-GAAP financial measures to the most directly comparable GAAP measures can be found in our first quarter earnings release available on our website under the Investors section at www.magnachip.com.