Magnachip "announced that Robert Krakauer, President, has extended his role to take over responsibilities for MagnaChip’s Imaging Solutions Division from Jason Hartlove. Imaging Solutions is a core business of MagnaChip, and the company believes Mr. Krakauer is the best leader to drive continued execution of the growth plans in this area as communicated to date."
This sounds like Jason is not "the best leader" in Magnachip's opinion and he's unexpectedly fired. I believe if it was planned in advance, there would be a successor announced, rather than President managing a business unit.
In my opinion the true Magnachip problem is its (relatively) small size and thus inability to compete in process shrink. At the time when Micron, Samsung, ST and others work with 90nm process, Magnachip's cutting edge process is 0.13um.
With such a process lag, Magnachip just can not succeed in the mainstream CIS market, no matter who is managing the division.
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