UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13G/A
(Amendment No. 2)
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)

MagnaChip Semiconductor Corporation
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
55933J203
(CUSIP Number)
December 31, 2013
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)

 
 
Page 1 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue Investments, L.P.	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
745,837	 	
 	  	8	  	SHARED VOTING POWER
 
0	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
745,837	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
745,837	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
2.1%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
PN	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 2 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue International Master, L.P.	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
2,237,100	 	
 	  	8	  	SHARED VOTING POWER
 
0	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
2,237,100	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,237,100	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
6.4%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
PN	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 3 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue International, Ltd.	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
0	 	
 	  	8	  	SHARED VOTING POWER
 
2,237,100	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
2,237,100	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,237,100	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
6.4%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
CO	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 4 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue International Master GenPar, Ltd.	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
0	 	
 	  	8	  	SHARED VOTING POWER
 
2,237,100	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
2,237,100	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,237,100	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
6.4%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
CO	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 5 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue Partners, LLC	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
0	 	
 	  	8	  	SHARED VOTING POWER
 
2,982,937	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
2,982,937	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,982,937	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
8.3%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
OO	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 6 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue-CDP Global Opportunities Fund, L.P.	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
115,239	 	
 	  	8	  	SHARED VOTING POWER
 
0	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
115,239	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
115,239	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.3%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
PN	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 7 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue Global Opportunities Fund GenPar, LLC	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
0	 	
 	  	8	  	SHARED VOTING POWER
 
115,239	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
115,239	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
115,239	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.3%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
OO	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 8 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue Special Situations Fund IV, L.P.	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
654,933	 	
 	  	8	  	SHARED VOTING POWER
 
0	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
654,933	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
654,933	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.9%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
PN	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 9 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue Capital Partners IV, LLC	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
0	 	
 	  	8	  	SHARED VOTING POWER
 
654,933	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
654,933	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
654,933	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.9%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
OO	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 10 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
GL Partners IV, LLC	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
0	 	
 	  	8	  	SHARED VOTING POWER
 
654,933	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
654,933	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
654,933	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.9%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
OO	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 11 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue Special Situations Fund V, L.P.	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
891,830	 	
 	  	8	  	SHARED VOTING POWER
 
0	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
891,830	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
891,830	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
2.5%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
PN	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 12 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue Capital Partners V, LLC	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
0	 	
 	  	8	  	SHARED VOTING POWER
 
891,830	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
891,830	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
891,830	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
2.5%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
OO	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 13 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
GL Partners V, LLC	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
0	 	
 	  	8	  	SHARED VOTING POWER
 
891,830	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
891,830	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
891,830	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
2.5%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
OO	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 14 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue Capital Management II, L.P.	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
0	 	
 	  	8	  	SHARED VOTING POWER
 
4,644,939	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
4,644,939	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,644,939	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
13.1%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
IA	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 15 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Avenue Capital Management II GenPar, LLC	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
0	 	
 	  	8	  	SHARED VOTING POWER
 
4,644,939	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
4,644,939	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,644,939	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
13.1%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
OO	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 16 of 23

 	 	 	 	 	
CUSIP No. 55933J203	 	13G/A	 	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Marc Lasry	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	SOURCE OF FUNDS*
 
SC; OO	 	
  5	 	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
 	 	
  6	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	7 	  	SOLE VOTING POWER
 
0	 	
 	  	8	  	SHARED VOTING POWER
 
4,644,939	 	 	 	 	
 	  	9	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	10	  	SHARED DISPOSITIVE POWER
 
4,644,939	 	 	 	 	 	 	 	 	 	
11	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,644,939	 	 	 	 	 	 	 	 	 	
12	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
13	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
13.1%	 	 	 	 	 	 	 	 	 	
14	 	TYPE OF REPORTING PERSON*
 
IN	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
 
Page 17 of 23

SCHEDULE 13G/A
This Amendment No. 2 (this “Amendment”) to the Schedule 13G filed on February 9, 2012 (the “Schedule 13G”), as amended by Amendment No. 1, filed on February 1, 2013, is being filed on behalf of Avenue Investments, L.P. (“Avenue Investments”), Avenue International Master, L.P. (“Avenue International Master”), Avenue International, Ltd. (“Avenue International”), Avenue International Master GenPar, Ltd. (“Avenue International GenPar”), Avenue Partners, LLC (“Avenue Partners”), Avenue-CDP Global Opportunities Fund, L.P. (“Avenue-CDP”), Avenue Global Opportunities Fund GenPar, LLC (“Avenue Global GenPar”), Avenue Special Situations Fund IV, L.P. (“Avenue Fund IV”), Avenue Capital Partners IV, LLC (“Avenue Capital IV”), GL Partners IV, LLC (“GL IV”), Avenue Special Situations Fund V, L.P. (“Avenue Fund V”), Avenue Capital Partners V, LLC (“Avenue Capital V”), GL Partners V, LLC (“GL V”), Avenue Capital Management II, L.P. (“Avenue Capital Management”), Avenue Capital Management II GenPar, LLC (“Avenue Capital Management GenPar”) and Marc Lasry relating to shares of Common Stock, par value $0.01 per share (the “Common Stock”), of MagnaChip Semiconductor Corporation, a Delaware corporation (the “Issuer”).
Item 4 is amended and restated in its entirety to read as follows.
 
Item 4	Ownership.	
(a)-(b) As of December 31, 2013, the following is the beneficial ownership and percentage of the Issuer’s Common Stock outstanding for each of the Reporting Persons:

Name of Reporting Person	  	Number of
Shares of
Common
Stock	 	  	Number of
Shares of
Common Stock
upon Exercise of
Warrants	 	  	Total Number
of Shares of
Common Stock	 	  	Percentage of Class	 	
Avenue Investments	  	 	722,264	  	  	 	23,573	  	  	 	745,837	  	  	 	2.1	% 	
Avenue International Master	  	 	2,166,652	  	  	 	70,448	  	  	 	2,237,100	  	  	 	6.4	% 	
Avenue International	  	 	2,166,652	  	  	 	70,448	  	  	 	2,237,100	  	  	 	6.4	% 	
Avenue International GenPar	  	 	2,166,652	  	  	 	70,448	  	  	 	2,237,100	  	  	 	6.4	% 	
Avenue Partners	  	 	2,888,916	  	  	 	94,021	  	  	 	2,982,937	  	  	 	8.3	% 	
Avenue-CDP	  	 	84,924	  	  	 	30,315	  	  	 	115,239	  	  	 	0.3	% 	
Avenue Global GenPar	  	 	84,924	  	  	 	30,315	  	  	 	115,239	  	  	 	0.3	% 	
Avenue Fund IV	  	 	496,023	  	  	 	158,910	  	  	 	654,933	  	  	 	1.9	% 	
Avenue Capital IV	  	 	496,023	  	  	 	158,910	  	  	 	654,933	  	  	 	1.9	% 	
GL IV	  	 	496,023	  	  	 	158,910	  	  	 	654,933	  	  	 	1.9	% 	
Avenue Fund V	  	 	619,115	  	  	 	272,715	  	  	 	891,830	  	  	 	2.5	% 	
Avenue Capital V	  	 	619,115	  	  	 	272,715	  	  	 	891,830	  	  	 	2.5	% 	
GL V	  	 	619,115	  	  	 	272,715	  	  	 	891,830	  	  	 	2.5	% 	
Avenue Capital Management	  	 	4,088,978	  	  	 	555,961	  	  	 	4,644,939	  	  	 	13.1	% 	
Avenue Capital Management GenPar	  	 	4,088,978	  	  	 	555,961	  	  	 	4,644,939	  	  	 	13.1	% 	
Marc Lasry	  	 	4,088,978	  	  	 	555,961	  	  	 	4,644,939	  	  	 	13.1	% 	
 
Page 18 of 23

The approximate percentage of Common Stock reported as beneficially owned by each of the Reporting Persons is based upon the sum of (i) 34,945,377 shares of Common Stock outstanding as of September 30, 2013, as reported by the Issuer in its Form 10-Q filed by the Issuer with the Securities Exchange Commission on November 8, 2013, and (ii) the number of shares of Common Stock held by the applicable Reporting Person upon the exercise or presently exercisable warrants.
(c) The Funds have the sole power to vote and dispose of the shares of Common Stock held by them reported in this Amendment. Avenue International, Avenue International GenPar, Avenue Partners, Avenue Global GenPar, Avenue Capital IV, GL IV, Avenue Capital V, GL V, Avenue Capital Management, Avenue Capital Management GenPar and Marc Lasry have the shared power to vote and dispose of the shares of Common Stock held by the Funds reported in this Amendment.
 
Page 19 of 23

SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: February 28, 2014

AVENUE INVESTMENTS, L.P.	
 	 	
By:	 	Avenue Partners, LLC,	
 	 	its General Partner	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry, Managing Member	
 	
AVENUE INTERNATIONAL MASTER, L.P.	
 	 	
By:	 	Avenue International Master	
 	 	GenPar, Ltd.	
 	 	its General Partner	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry,
Director	
 	
AVENUE INTERNATIONAL, LTD. 	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry,
Director	
 	
AVENUE INTERNATIONAL MASTER GENPAR, LTD.	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry,
Director	
 	
AVENUE PARTNERS, LLC	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for
Marc Lasry, Managing Member	
 
Page 20 of 23

 	 	 	
AVENUE - CDP GLOBAL OPPORTUNITIES FUND, L.P.	
 	 	
By:	 	Avenue Global Opportunities Fund	
 	 	GenPar, LLC	
 	 	its General Partner	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry, Managing Member	
 	
AVENUE GLOBAL OPPORTUNITIES FUND GENPAR, LLC	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry, Managing Member	
 	
AVENUE SPECIAL SITUATIONS FUND IV, L.P.	
 	 	
By:	 	Avenue Capital Partners IV, LLC,	
 	 	its General Partner	
 	 	
By:	 	GL Partners IV, LLC,	
 	 	its Managing Member	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry, Managing Member	
 	
AVENUE CAPITAL PARTNERS IV, LLC	
 	 	
By:	 	GL Partners IV, LLC,	
 	 	its Managing Member	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry, Managing Member	
 
Page 21 of 23

 	 	 	
GL PARTNERS IV, LLC	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry, Managing Member	
 	
AVENUE SPECIAL SITUATIONS FUND V, L.P.	
 	 	
By:	 	Avenue Capital Partners V, LLC,	
 	 	its General Partner	
 	 	
By:	 	GL Partners V, LLC,	
 	 	its Managing Member	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry, Managing Member	
 	
AVENUE CAPITAL PARTNERS V, LLC	
 	 	
By:	 	GL Partners V, LLC,	
 	 	its Managing Member	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry, Managing Member	
 	
GL PARTNERS V, LLC	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry, Managing Member	
 
Page 22 of 23

 	 	 	
AVENUE CAPITAL MANAGEMENT II, L.P.	
 	 	
By:	 	Avenue Capital Management II	
 	 	GenPar, LLC,	
 	 	its General Partner	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry, Managing Member	
 	
AVENUE CAPITAL MANAGEMENT II GENPAR, LLC	
 	 	
By:	 	/s/ Eric Ross	
 	 	Name: Eric Ross	
 	 	Title: Attorney-in-Fact for Marc Lasry, Managing Member	
 	
MARC LASRY	
 	
/s/ Eric Ross, Attorney-in-Fact for Marc Lasry	
 
Page 23 of 23