MagnaChip Semiconductor Completes Acquisition of ISRON

SEOUL, Korea, March 7 /PRNewswire/ -- MagnaChip Semiconductor today announced that it has completed the acquisition of ISRON, a leading display driver IC (DDI) company based in Osaka, Japan. As previously announced on February 18, 2005, MagnaChip agreed to acquire ISRON for an undisclosed amount from SIIX Corporation , also of Osaka, Japan.

"The completion of this acquisition underscores MagnaChip's commitment to offer our customers an even more comprehensive set of solutions to address the small DDI market," said Youm Huh, President and CEO of MagnaChip Semiconductor. "With ISRON's technology portfolio, key personnel and senior management team, MagnaChip has solidified its position in the small DDI color mobile phone market."

About MagnaChip Semiconductor

MagnaChip Semiconductor is a leading designer, developer and manufacturer of mixed-signal and digital multimedia semiconductors addressing the convergence of consumer electronics and communications devices. We focus on CMOS image sensors and flat panel display drivers, which are complex, high performance, mixed signal semiconductors that capture images and enable and enhance the features and capabilities of both small and large flat panel displays. MagnaChip also provides wafer foundry services utilizing CMOS high voltage, embedded memory, analog and power process technologies for the manufacture of IC's for customer-owned designs. MagnaChip has world-class manufacturing capabilities and an extensive portfolio of more than 12,800 registered and pending patents. As a result, MagnaChip is a valued partner in providing leading technology solutions to its customers worldwide. For more information, visit http://www.magnachip.com/.

   CONTACTS:
   In Korea:                           In the U.S.:
   Julia Cho, PR Senior Manager        David Pasquale, EVP at The Ruth Group
   Tel: 82-2-3459-3182                 Tel: +646-536-7006
   
Email Contact             
Email Contact

CONTACT: In Korea - Julia Cho, PR Senior Manager, MagnaChip
Semiconductor, +82-2-3459-3182, Email Contact; or In the U.S. -
David Pasquale, EVP at The Ruth Group, +1-646-536-7006,
Email Contact, for MagnaChip Semiconductor

Web site: http://www.magnachip.com/




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