MagnaChip Semiconductor Withdraws Its Initial Public Offering

CUPERTINO, Calif. and SEOUL, South Korea, June 30 — (PRNewswire) — MagnaChip Semiconductor LLC ("MagnaChip Semiconductor") today announced that it has elected not to proceed with its planned initial public offering at this time due to adverse market conditions.

About MagnaChip Semiconductor

Headquartered in South Korea, MagnaChip Semiconductor is a leading Asia-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications. The Company has a broad range of analog and mixed-signal semiconductor technology and intellectual property, supported by its 30-year operating history, large portfolio of registered and pending patents and extensive engineering and manufacturing process expertise. For more information, please visit www.magnachip.com.

CONTACTS:


In the United States:

Robert Pursel

Director of Investor Relations

Tel. 408-625-1262

Email Contact


In Korea:

Chankeun Park

Senior Manager, Public Relations

Tel. +82-3-6903-3195

Email Contact



SOURCE Magnachip Semiconductor

Contact:
Magnachip Semiconductor
In the United States: Robert Pursel, Director of Investor Relations
Phone: +1-408-625-1262
Email Contact In Korea: Chankeun Park, Senior Manager, Public Relations
Phone: +82-3-6903-3195
Email Contact
Web: http://www.magnachip.com




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