MagnaChip Schedules Second Quarter 2010

Earnings Release and Conference Call

SEOUL, South Korea and CUPERTINO, Calif., July 14, 2010 -- MagnaChip Semiconductor LLC (“MagnaChip Semiconductor”) will hold a conference call Wednesday, July 28, 2010 at 6 p.m. EDT to discuss the Company’s second quarter 2010 financial results.  Participating in the call will be Sang Park, MagnaChip Chairman and CEO and Margaret Sakai, Senior Vice President and CFO. The earnings release will be issued at the close of market that day.

The conference call will be webcast live and is also available by dialing 1-866-776-2061 in the U.S. or 1-706-679-0298 for all other locations. The conference ID number is 87834798 and participants are encouraged to initiate their calls at least 10 minutes in advance of the 6 p.m. EDT start time to ensure a timely connection. The webcast and earnings release will be accessible at http://www.magnachip.com.

A replay of the July 28, 2010 conference call will be available the same day and will run for 72 hours. The replay access numbers are 1-800-642-1687 and 1-706-645-9291. The access code is 87834798.

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.