Magnachip Semiconductor Corporation

Good day and thank you for standing by. Welcome to the Magnetib Semiconductor Second Quarter 2026 Earnings Conference Call. At this time, all participants are on the listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. Please note that today's conference may be recorded. I will now hand the conference over to his first speaker today, Mike Bishop of Investor Relations. Please go ahead.

Thank you. Hello, everyone, and thank you for joining us to discuss MagnetShip's financial results for the second quarter ended June 30, 2026. The second quarter earnings release that was issued today after the market closed can be found on the company's investor relations website. The webcast replay of today's call will be archived on our website shortly afterwards. Joining me today are Camila Martino, Megatips Chairman, recently appointed CEO, Chae Lee, and Shin Young Park, our Chief Financial Officer. We will discuss the company's recent operating performance and business overview, followed by a review of the financial results for the quarter, and provide guidance for the third quarter of 2026. There will be a Q&A session following the prepared remarks. During the course of this conference call, we may make forward-looking statements about MagnetShip's business outlook and expectations. Our forward-looking statements and all other statements that are not historical facts reflect our beliefs and predictions as of today and therefore are subject to risks and uncertainties as described in the safe harbor statement found in our SEC filing. Such statements are based on information available to the company as of the date hereof and are subject to change for future developments. Except as otherwise required by law, the company does not undertake any obligation to update these statements. During the call, we'll also discuss non-GAAP financial measures. These non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles but are intended as supplemental measures of magnitude operating performance Thank you, Mike, and good afternoon, everyone.

Before discussing the quarter, I'd like to take a moment to welcome Che Lee to his first earnings call as Chief Executive Officer of Magnature. On behalf of our board of directors, I want to say how pleased we are to have Che leading our company. The board conducted an extensive search for this new CEO position, and Che distinguished himself through his deep experience in power semiconductors His proven track record of building successful businesses and his vision for where Magnaship can create value over the longer term. Over the past several months, we've taken important steps to reposition Magnaship as a pure play power semiconductor company. We believe Che is the right leader to build on that foundation, accelerate our product strategy, and strengthen our competitive position Thank you very much. and I look forward to continue working closely with Che as the chairman of the company. With that, it is my pleasure to introduce Magnoship's Chief Executive Officer, Che Lee.