SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13G/A
(Rule 13d-102)
(Amendment No. 1)
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, 2015
(Date of Event Which Requires Filing of this Statement)

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

 

 	 	 	 	 	
CUSIP No. 55933J203	  	13G/A	  	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Canton Holdings, L.L.C.	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	5 	  	SOLE VOTING POWER
 
0	 	
 	  	6	  	SHARED VOTING POWER
 
0	 	 	 	 	
 	  	7	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	8	  	SHARED DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	 	 	
  9	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0	 	 	 	 	 	 	 	 	 	
10	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
11	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.0% **	 	 	 	 	 	 	 	 	 	
12	 	TYPE OF REPORTING PERSON*
 
OO, HC	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
**	SEE ITEM 4(b).	
 
2

 	 	 	 	 	
CUSIP No. 55933J203	  	13G/A	  	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Archer Capital Management, L.P.	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	5 	  	SOLE VOTING POWER
 
0	 	
 	  	6	  	SHARED VOTING POWER
 
0	 	 	 	 	
 	  	7	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	8	  	SHARED DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	 	 	
  9	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0	 	 	 	 	 	 	 	 	 	
10	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
11	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.0% **	 	 	 	 	 	 	 	 	 	
12	 	TYPE OF REPORTING PERSON*
 
PN, IA	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
**	SEE ITEM 4(b).	
 
3

 	 	 	 	 	
CUSIP No. 55933J203	  	13G/A	  	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Joshua A. Lobel	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	5 	  	SOLE VOTING POWER
 
0	 	
 	  	6	  	SHARED VOTING POWER
 
0	 	 	 	 	
 	  	7	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	8	  	SHARED DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	 	 	
  9	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0	 	 	 	 	 	 	 	 	 	
10	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
11	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.0% **	 	 	 	 	 	 	 	 	 	
12	 	TYPE OF REPORTING PERSON*
 
IN, HC	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
**	SEE ITEM 4(b).	
 
4

 	 	 	 	 	
CUSIP No. 55933J203	  	13G/A	  	 	

  1 	 	NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Eric J. Edidin	 	
  2	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  ¨        (b)  ¨
 	 	
  3	 	SEC USE ONLY
 	 	
  4	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States	 	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH	  	5 	  	SOLE VOTING POWER
 
0	 	
 	  	6	  	SHARED VOTING POWER
 
0	 	 	 	 	
 	  	7	  	SOLE DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	
 	  	8	  	SHARED DISPOSITIVE POWER
 
0	 	 	 	 	 	 	 	 	 	
  9	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0	 	 	 	 	 	 	 	 	 	
10	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  ¨
 	 	 	 	 	 	 	 	 	 	
11	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.0% **	 	 	 	 	 	 	 	 	 	
12	 	TYPE OF REPORTING PERSON*
 
IN, HC	 	 	 	 	 	 	 	 	 	
 
*	SEE INSTRUCTIONS BEFORE FILLING OUT	
**	SEE ITEM 4(b).	
 
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SCHEDULE 13G/A
This Amendment No. 1 (this “Amendment”) to Schedule 13G (the “Schedule 13G”) relates to shares of Common Stock, par value $0.01 per share (the “Common Stock”), of MagnaChip Semiconductor Corporation, a Delaware corporation (the “Issuer”), and is being filed on behalf of (i) Archer Capital Management, L.P. (“Archer”), a Delaware limited partnership, as the investment manager to certain private investment funds (the “Funds”), (ii) Canton Holdings, L.L.C. (“Canton”), a Delaware limited liability company, as the general partner of Archer, (iii) Joshua A. Lobel, an individual, as a principal of Canton, and (iv) Eric J. Edidin, an individual, as a principal of Canton (the persons mentioned in (i) (ii), (iii) and (iv) above are referred to as the “Reporting Persons”).
This Amendment is being filed to report that the Reporting Persons no longer own shares of Common Stock of the Issuer and amends and restates the Schedule 13G as follows.
 
Item 1(a)	Name of Issuer.	
MagnaChip Semiconductor Corporation
 
Item 1(b)	Address of Issuer’s Principal Executive Offices.	
c/o MagnaChip Semiconductor S.A.
1, Allée Scheffer, L-2520
Luxembourg, Grand Duchy of Luxembourg
 
Item 2(a)	Name of Person Filing.	
(i) Archer Capital Management, L.P. (“Archer”), (ii) Canton Holdings, L.L.C. (“Canton”), (iii) Joshua A. Lobel (“Mr. Lobel”) and (iv) Eric J. Edidin (“Mr. Edidin”).
 
Item 2(b)	Address of Principal Business Office, or, if none, Residence.	
570 Lexington Avenue, 40th Floor
New York, New York 10022.
 
Item 2(c)	Citizenship or Place of Organization.	
Archer is a Delaware limited partnership. Canton is a Delaware limited liability company. Mr. Lobel and Mr. Edidin are United States citizens.
 
Item 2(d)	Title of Class of Securities.	
Common Stock, par value $0.01 per share (the “Common Stock”).
 
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Item 2(e)	CUSIP Number.	
55933J203
 
Item 3	If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:	

 	 	(a)  	 	¨  	 	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).	
 	 	 	 	
 	 	(b)	 	¨	 	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).	
 	 	 	 	
 	 	(c)	 	¨	 	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).	
 	 	 	 	
 	 	(d)	 	¨	 	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).	
 	 	 	 	
 	 	(e)	 	x	 	An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).	
 	 	 	 	
 	 	(f)	 	¨	 	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).	
 	 	 	 	
 	 	(g)	 	x	 	A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).	
 	 	 	 	
 	 	(h)	 	¨	 	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).	
 	 	 	 	
 	 	(i)	 	¨	 	A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).	
 	 	 	 	
 	 	(j)	 	¨	 	Group, in accordance with §240.13d-1(b)(1)(ii)(J).	
 
Item 4	Ownership.	
The Reporting Persons own 0 shares of Common Stock of the Issuer.
 
Item 5	Ownership of Five Percent or Less of a Class.	
If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following   x .
 
Item 6	Ownership of More Than Five Percent on Behalf of Another Person.	
The Funds have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of securities.
 
Item 7	Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.	
Inapplicable.
 
7

Item 8	Identification and Classification of Members of the Group.	
Inapplicable.
 
Item 9	Notice of Dissolution of Group.	
Inapplicable.
 
Item 10	Certification.	
By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and were not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
8

SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 11, 2016

Archer Capital Management, L.P.	
 	
By: Canton Holdings, L.L.C., its general partner	
 	 	
By:	 	/s/ Joshua A. Lobel	
Name:	 	Joshua A. Lobel	
Title:	 	Manager	
 	
Canton Holdings, L.L.C.	
 	 	
By:	 	/s/ Joshua A. Lobel	
Name:  	 	Joshua A. Lobel	
Title:	 	Manager	
 	
/s/ Joshua A. Lobel	
Joshua A. Lobel	
 	
/s/ Eric J. Edidin	
Eric J. Edidin	
 
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