MagnaChip announced that since 2007 it has shipped over 160 million AMOLED driver ICs. Most of these ICs went to smartphones, but MagnaChip says they also shipped drivers to digital cameras and tablets. The company's latest AMOLED drivers target the VR headset and automotive markets.

MagnaChip says the company has a unique proprietary foundry model. This model allows MagnaChip to apply its own unique AMOLED process patents as well as other intellectual property, proprietary process design kits and custom design-flow methodologies using internal and external foundries. MagnaChip's technology current uses 55-nm process nodes, and is developing sub 55-nm processes.

MagnaChip quotes IHS saying that the AMOLED smartphone display market is forecasted to grow from 264 million units in 2015 to 510 million units by 2018 (25% CAGR).

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