MagnaChip aims to grab 40% share of the CMOS image sensor market and 10% of small to medium size panel LCD driver IC market in 2006. The company stated that its 2.1-megapixel CMOS image sensor has start shipping to US-based first-tier handset vendors. The company also stated that it is in talks with Taiwan and China customers (DigiTimes)
In a related note MagnaChip sells its 8-bit and 32-bit microcontroller, SmartCard controller, microperipheral IC and linear IC product lines to GreenChips. Youm Huh, president and CEO of MagnaChip, said: "After this deal, we plan to focus further on our three core businesses -- display solutions, imaging solutions and our semiconductor manufacturing services,” (EETimes).
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