MagnaChip Selected As Foundry Partner By ELAN Microelectronics


MagnaChip Semiconductor, a Korea-based designer and
manufacturer of analog and mixed-signal semiconductor platform solutions for communications,
IoT, consumer, industrial and automotive applications, announced today it was
selected as a foundry partner by ELAN Microelectronics to manufacture the
world's first fingerprint sensor IC-based smartcard. The smartcard uses
biometrics technology that provides secure identification to prevent credit
card fraud, a severe and growing problem globally. The sensor-IC based
smartcard will be manufactured utilizing MagnaChip's 0.35 micron Mixed Signal
Thick IMD manufacturing process technology.

The requirement for more precise, efficient and low-power
ICs has increased dramatically, coinciding with the rise in importance of
biometrics technology for a range of applications. Industry analyst Frost & Sullivan
forecasts that the biometrics industry will grow at a CAGR of 17.4% from 2014
to 2019 and that fingerprint-based sensor ICs will comprise 66% of the market.

MagnaChip was selected as ELAN's foundry partner primarily
because of the company's recognized specialized foundry capability, proven and
reliable manufacturing processes with robust analog performance. MagnaChip's current technologies
for fingerprint sensor ICs include 0.35 micron, 0.18 micron 1.8V/3.3V and
single 3.3V Mixed Signal technology processes. MagnaChip plans to expand its portfolio
of manufacturing processes to include more advanced technologies such as its
highly competitive 0.18 micron Slim Mixed Signal manufacturing process, which
requires fewer mask layers than usual. MagnaChip's manufacturing processes are
well-suited for applications in fast-growing markets that require fingerprint
identification, such as in the payment, medical, transportation and automobile

"We hope that the collaboration between MagnaChip and
ELAN will continue to produce innovative and high quality products for our
customers," said I. H. Yeh, ELAN's Chief Executive Officer. "ELAN
sees its continued strategic partnership with MagnaChip as a long-term benefit
to ELAN and MagnaChip."

YJ Kim, Chief Executive Officer of MagnaChip, commented,
"We are very pleased to announce MagnaChip's continued partnership with
ELAN and the volume ramp of fingerprint sensor IC-based products utilizing our
0.35 micron Mixed Signal Thick IMD based process technology. This process is
well-suited for smartcards, which require low power consumption. We will
continue to develop high-performance and cost-effective fingerprint sensor IC
technology solutions that meet the growing needs of our foundry

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