Magnachip announces increase in revenues

Magnachip, a manufacturer of analogue and mixed-signal semiconductors, has posted revenues of $194.7m (£124.1m) for the second quarter of 2010 − an 8.5 per cent increase compared with $179.5m in the previous quarter and a 39.4 per cent increase compared with $139.7m in the prior-year quarter. 

Gross profit was $64.5m, or 33.1 per cent of revenue, compared with $49.4m, or 27.5 per cent, for the first quarter of 2010 and $48.3m, or 34.6 per cent, for first-quarter 2009.