MagnaChip Announces Proposed Secondary Offering of 5,000,000 Shares of Common Stock

Mon Feb 4, 2013 4:00pm EST

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SEOUL, South Korea  and  CUPERTINO, Calif.,  Feb. 4, 2013  /PRNewswire/ --
MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based
designer and manufacturer of analog and mixed-signal semiconductor products,
today announced that, subject to market conditions, certain of its stockholders
(the "selling stockholders") intend to offer and sell 5,000,000 shares of
MagnaChip's common stock in an underwritten registered public offering. In
addition, the selling stockholders intend to grant the underwriters of the
common stock an option to purchase an additional 750,000 shares of common stock.
MagnaChip will not receive any proceeds from the sale of its common stock by the
selling stockholders.  

(Logo: http://photos.prnewswire.com/prnh/20120305/NY61184LOGO  )

Barclays Capital Inc., Deutsche Bank Securities Inc., Citigroup Global Markets
Inc. and UBS Securities LLC will act as joint book-running managers for the
proposed offering. Needham & Company, LLC will act as co-manager.   

A registration statement (including a prospectus) relating to these securities
was declared effective by the Securities and Exchange Commission ("SEC") on 
April 26, 2012  and MagnaChip has filed a related preliminary prospectus
supplement with the SEC.  Before you invest, you should read the prospectus
included in that registration statement, the preliminary prospectus supplement
and the other documents MagnaChip has filed with the SEC for more complete
information about MagnaChip and its common stock.  You may obtain these
documents for free by visiting EDGAR on the SEC website at  www.sec.gov. 
Alternatively, a copy of the final prospectus supplement relating to the
offering may be obtained from:

* Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue,  Edgewood, NY  11717, by telephone at 888-603-5847 or by e-mail at 
Barclaysprospectus@broadridge.com;  
* Deutsche Bank Securities Inc., Attention: Prospectus Department, 60 Wall
Street,  New York, NY  10005-2836, or by telephone at 800-503-4611 or by email
at  prospectus.cpdg@db.com;  
* Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Avenue,  Edgewood, NY  11717 (Tel: 800-831-9146), or by e-mail at 
batprospectusdept@citi.com; or  
* UBS Securities LLC, Attn: Prospectus Department, 299 Park Avenue,  New York,
NY  10171 or by telephone at 888-827-7275.

This release does not constitute an offer to sell or a solicitation of an offer
to buy any securities, nor shall there by any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
such state or jurisdiction. The offering of the common stock will be made only
by means of the prospectus and related prospectus supplement.  The common stock
being offered has not been approved or disapproved by any regulatory authority,
nor has any such authority passed upon the accuracy or adequacy of the
registration statement, the prospectus contained therein or the preliminary
prospectus supplement.

About MagnaChip Semiconductor  Corporation
Headquartered in  South Korea, MagnaChip is a Korea-based designer and
manufacturer of analog and mixed-signal semiconductor products for high-volume
consumer applications.  

Safe Harbor for Forward-Looking Statements
Information in this release regarding the intent of the selling stockholders to
offer and sell shares of MagnaChip's common stock are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements, including risks and
uncertainties related to market conditions. MagnaChip cannot assure you that the
offering will be completed on the anticipated terms, or at all.  All
forward-looking statements included in this release are based upon information
available to MagnaChip as of the date of this release, which may change, and
MagnaChip assumes no obligation to update any such forward-looking statements.
You should carefully read and consider the information set forth under "Risk
Factors" in the preliminary prospectus supplement and the accompanying
prospectus and other risks detailed from time to time in MagnaChip's filings
with the SEC, including MagnaChip's Form 10-Q filed on  November 6, 2012  and
subsequent registration statements, amendments or other reports that MagnaChip
may file from time to time with the SEC and/or make available on its website.
MagnaChip assumes no obligation and does not intend to update the
forward-looking statements provided, whether as a result of new information,
future events or otherwise.

 CONTACTS:                                                         
                                                                   
 In the United States:           In Korea:                         
 Robert Pursel                   Chankeun Park                     
 Director of Investor Relations  Senior Manager, Public Relations  
 Tel. 408-625-1262               Tel. +82-2-6903-3195              
 robert.pursel@magnachip.com     chankeun.park@magnachip.com       


SOURCE  MagnaChip Semiconductor Corporation

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