Semiconductor manufacturer Magnachip's shares surge on new product release

Shares of Magnachip Semiconductor (MX) jumped 3% in pre-market trading after announcing the release of a new semiconductor component for e-scooters and light electric vehicles. The new product features a TOLT package that reduces the component's operating temperature by 22%. The company has already begun supplying the new part to a leading global electric motor manufacturer, signaling immediate market adoption and validation for the technology.

Shares of Magnachip Semiconductor (MX) surged 3% in pre-market trading following the announcement of a new semiconductor component designed for e-scooters and light electric vehicles (LEVs). The innovative product, an 80V MXT MV MOSFET with a TOLT (TO-Leaded Top-Side Cooling) package, has been received positively by investors due to its potential to revolutionize thermal management in these vehicles.

The new MOSFET, MDLT080N017RH, features a TOLT package that significantly reduces the component's operating temperature by 22% compared to conventional TOLL (TO-Leadless) packages. This advancement allows for more efficient heat dissipation, extending the lifespan of applications and enhancing system reliability [1]. The TOLT package is engineered to release heat directly from the top via a mounted metal heat sink, making it well-suited for thermally demanding applications such as e-scooters and LEVs.

Magnachip has already begun supplying the new MOSFET to a leading global electric motor manufacturer, indicating immediate market adoption and validation for the technology. The company's CEO, YJ Kim, highlighted the significance of this release, stating, "This new 80V MXT MV MOSFET, equipped with the TOLT package, is a testament to Magnachip’s advanced capabilities in high-performance and energy-efficient power semiconductors" [1].

The global automotive thermal systems components market is witnessing a steady surge in growth, driven by the rapid evolution of electric vehicles (EVs) and stricter emission regulations. Thermal management is becoming increasingly crucial as the industry transitions from traditional internal combustion engines (ICEs) to electrified platforms. The market size of automotive thermal systems components is projected to grow from USD 45.75 billion in 2025 to USD 111.33 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 9.3% [2].

Magnachip's new TOLT-packaged MOSFET aligns well with these market trends, offering a solution that addresses the evolving needs of customers in the electric vehicle sector. The company's commitment to delivering next-generation solutions positions it strongly in the global power market.

References:
[1] https://www.stocktitan.net/news/MX/magnachip-introduces-tolt-packaged-80v-mxt-mv-mosfet-for-e-scooters-td288e76rbww.html
[2] https://www.openpr.com/news/4117402/global-automotive-thermal-systems-components-market