LX Semicon Posts 15.6 Billion Won Operating Loss in Q3, Swings to Loss YoY

Revenue at 394.4 billion won, down 14.8% year on year
Weak downstream demand and rising memory prices hurt profitability

Fabless semiconductor design company LX Semicon said in a regulatory filing on Nov. 3 that it posted an operating loss of 15.564 billion won on a consolidated basis in the third quarter of this year, swinging to a loss from a year earlier.

Revenue for the same period totaled 394.391 billion won, down 14.8% from a year earlier.

The weak results are seen as the combined result of a contraction in actual demand from downstream industries, pressure to lower prices amid rising memory prices, and exchange rate fluctuations.

LX Semicon website

By application, mobile accounted for the largest share of third-quarter revenue at 37%, followed by TV (32%) and IT (24%). By product, large display driver ICs (DDIs) accounted for 44%, while small DDIs made up 37%.

An LX Semicon official said, "We plan to continue refining our business portfolio with a focus on profitability and concentrate on revenue growth and improving earnings."

Meanwhile, LX Semicon held its regular executive reshuffle for 2027 on the same day, naming Na Junho, head of the Strategy and Marketing Division and an executive vice president, as its next CEO.

The company plans to strengthen the competitiveness of its core businesses and secure future growth opportunities by drawing on Na's technical expertise and business management capabilities.

This content was produced with the assistance of AI translation services.