Magnachip Appoints Chae Lee as Chief Executive Officer
Chae Lee, Chief Executive Officer, Magnachip Semiconductor | Effective July 1, 2026 • Photo Credit: Magnachip Semiconductor
Corporate Business News Sponsored by Business Watch Global
Chae Lee will become Chief Executive Officer of Magnachip Semiconductor on July 1, 2026, succeeding Interim CEO Camillo Martino, who will continue serving as Chairman of the Board.
SEOUL, South Korea, June 29, 2026 (VSNewsNetwork.com) — Magnachip Semiconductor Corporation (NYSE: MX) has appointed Chae Lee as its Chief Executive Officer, effective July 1, 2026.
Lee succeeds Camillo Martino, who has served as Interim Chief Executive Officer since August 2025. Martino will continue in his role as Chairman of the company's Board of Directors. Magnachip also expects Lee to join its Board following the effective date of his appointment.
@VSNewsNetwork
•
@VSNewsNetwork •
Lee brings more than 30 years of experience in the semiconductor industry, including leadership positions focused on power semiconductors, power management integrated circuits, sensors, and analog technologies. Most recently, he served as Chief Executive Officer of Tagore Technology. He has also held senior leadership roles at Insyte Systems, NXP Semiconductors, and Maxim Integrated Products.
"Chae has a strong background ideally suited to guide Magnachip through its next phase of growth. Chae brings a unique combination of deep technical expertise, operational leadership and commercial experience across both power ICs and system solutions. His experience aligns perfectly with Magnachip's strategy to strengthen our product portfolio, accelerate innovation and expand our presence in high-value power semiconductor markets. On behalf of the Board, I would also like to thank our employees for their dedication and resilience over the past year. I look forward to continuing to work closely with Chae and the management team as Chairman," said Camillo Martino, Chairman of the Board.
"I am honored to join Magnachip at this important point in its evolution. Magnachip has a strong heritage in power semiconductors, a talented team, valuable manufacturing assets and is on a path to developing compelling next-generation products. I believe the Company is well positioned to capitalize on long-term opportunities across AI, data center, industrial, automotive, robotics, communications, computing and consumer applications. I look forward to working closely with the Board and the entire Magnachip organization to build on the progress already underway and create outstanding value for customers, employees and shareholders," said Chae Lee.
The leadership transition comes as Magnachip continues to focus on expanding its power semiconductor portfolio and serving markets including artificial intelligence, industrial systems, automotive, communications, computing, and consumer electronics.
Magnachip Semiconductor designs and manufactures analog and mixed-signal power semiconductor solutions for industrial, automotive, communications, consumer, and computing applications, serving customers worldwide with engineering, design, and manufacturing expertise developed over approximately 45 years.
For more information, visit www.magnachip.com.
