David Park
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David Park Email & Phone Number

Chief Executive Officer, Board member at MagnaChip Semiconductor at MagnaChip Semiconductor
Location: South Korea, Korea, Republic of 4 work roles 1 school
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Role
Chief Executive Officer, Board member at MagnaChip Semiconductor
Location
South Korea, Korea, Republic of

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David Park is listed as Chief Executive Officer, Board member at MagnaChip Semiconductor at MagnaChip Semiconductor, based in South Korea, Korea, Republic of. AeroLeads shows a matched LinkedIn profile for David Park.

David Park previously worked as Chief Executive Officer, Board member at Magnachip Semiconductor and Chief Executive Officer (interim) at Magnachip Semiconductor. David Park holds Master'S Degree, International Business from Korea University.

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MagnaChip Semiconductor

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About David Park

29+ years of semiconductor industry experience. Industry leading edge processors experience (x86, Alpha CPU, OCTEON Multi-core, Network Processor - IXP), Flash memory experience to AMOLED Display Driver IC, Power Analog devices and Foundry Business experience. Demonstrating as CEO in turning around the company in terms of re-bounding the revenue, margin and profitability. The company revenue decreased from 2013 to 2015, gross margin down to 21%, and had cumulative negative operating income of ~$150M from 2013 to 2015. By end of 2016, revenue rebounded to 8.6% year to year growth, margin up to 25.5% at the fourth quarter, and had annual operating income of positive $2.7M and positive Ajusted EBITA of $40.7M. Experience of raising the Capital via 144a public offering. World class experience in marketing, general management and engineering with expertise in Wireless Infrastructure, Storage, Networking, Communications, Computer, Server, Print Imaging market, smartphone and consumer segments. Well experienced in a large company with established process such as Intel and Samsung. Excelled in a hands-on successful start-up company such as Cavium, inc. Demonstrated in turning around a troubled division of medium size public company by increasing revenue by 35-40% year over year, after 1 year of redirecting the strategy and engineering execution. Well versed in both western/ silicon valley style and Asian style companies.

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David Park's current company

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MagnaChip Semiconductor
Magnachip Semiconductor
Chief Executive Officer, Board member at MagnaChip Semiconductor
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4 roles

David Park work experience

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Chief Executive Officer, Board Member

Current

Korea

CEO of the company, a Board member since mid-2015. Briefly performed as acting General Manager of the Foundry Business in 2015. Actively focused on turning around the company in terms of re-bounding the revenue, margin and profitability as well as rebuilding the customer and organization. In January 2017, successfully raised $86M via 144a offering with multiple aspect - over-subscribed, achieved much better terms, MX stock price rose after the capital raise despite the dilution of the equity.In 2016, MagnaChip revenue rebounded to 8.6% year to year growth, margin up to 25.5% at the fourth quarter, and had an annual operating income of positive $2.7M while adjusted EBITA grew to $40.7M from $0.8M in 2015. Previously, the company revenue decreased in 2013, 2014 and 2015, gross margin down to 21% level, and had cumulative negative operating income of ~$150M from 2013 to 2015.Drove very vigorous cost reduction program and the company saved $65M normalized spending in 2015 and 2016 cumulatively.Company successfully settled re-statement litigation and with active shareholders.

Mar 2015 - Present

Chief Executive Officer (Interim)

Korea

Interim CEO for the company and General Manager of Display Solutions Division & Sensor Business.Set the tone of the company for integrity and quality. Successfully drove the organization to meet the compliance and achieved financial re-statement on time.Changed the Foundry Solution business to go after Global IC makers, Power customers, China markets and IDMs. Personally actively involved in winning the major deals at the Global IC makers and top Power Discrete and PMIC customers. Strengthened rich design pipeline for all 3 divisions – Foundry, Display, PowerDuring this time, MagnaChip had no financial statement as company was in the midst of the restatement. It was important that CEO earned the trust and respect from the New and Existing customers using personal and professional networks. The new customers that have won during this period helped tremendously from 2016 in re-bounding the Foundry business revenue. Usually, Foundry design-win to revenue lags by 18 month to 24 month.

Apr 2014 - May 2015

Vice President, Infrastructure Processor Division

United States

Responsible for P&L, Whole Product Life Cycle Management, Marketing, Customer Solution Engineering, Professional Solutions & Services, Technical Marketing and General Management of Multi-core Processor Business & Engineering based on OCTEON Processors, the largest business unit at Cavium, Inc.

Feb 2012 - Jun 2013

General Manager, Infrastructure Processor Group

United States

Responsible for P&L, Whole Product Life Cycle Management, Marketing, Customer Solution Architecture, Technical Marketing and General Management of Multi-core Processor Business & Engineering based on OCTEON Processors, the largest processor business at Cavium Networks.

Feb 2010 - Aug 2011
1 education record

David Park education

FAQ

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What company does David Park work for?

David Park works for MagnaChip Semiconductor.

What is David Park's role at MagnaChip Semiconductor?

David Park is listed as Chief Executive Officer, Board member at MagnaChip Semiconductor at MagnaChip Semiconductor.

Where is David Park based?

David Park is based in South Korea, Korea, Republic of while working with MagnaChip Semiconductor.

What companies has David Park worked for?

David Park has worked for Magnachip Semiconductor and Cavium Inc.

How can I contact David Park?

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What schools did David Park attend?

David Park holds Master'S Degree, International Business from Korea University.

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