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MagnaChip Semiconductor Withdraws Its Initial Public Offering

CUPERTINO, Calif. and SEOUL, South Korea, June 30, 2010 /PRNewswire via COMTEX/ --

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:          In Korea:
    Robert Pursel                  Chankeun Park
    Director of Investor Relations Senior Manager, Public Relations
    Tel. 408-625-1262              Tel. +82-3-6903-3195
    robert.pursel@magnachip.com    chankeun.park@magnachip.com



SOURCE Magnachip Semiconductor