Seeking Alpha: In its quarterly earnings call Magnachip shed some light on its image sensors plans and progress.
Sang Park, Chairman and CEO says:
Our Imaging Solution business achieved a significant number of design wins in the second quarter. We have five mega pixel products currently under development and we recently launched a 2.2 micron on 10 inch VGA sensor. We have several new solutions now available for the Security and PC market including two new products currently designing in four growing PC and notebook camera market. Development of our 1.75 micron solution is on track. We have broken into several first tier mobile manufacturers for our new family of sensors.
Robert J. Krakauer, President and CFO adds:
Yes, the R&D intensity in our CMOS Image Sensor business over the last year is higher than our other businesses as we have been repairing that business and as I mentioned earlier, we are now starting to bear the fruit of that across until the end of the year.
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