Month: May 2012

Events

Magnachip and YMC Enter Into a Joint Development Agreement for MTP-IP Devices

SEOUL, South Korea, and CUPERTINO, Calif., May 29, 2012 – MagnaChip Semiconductor Corporation (“MagnaChip Semiconductor”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed signal semiconductor products, today announced that it has signed a joint development agreement with Yield Microelectronics Corporation (YMC) to develop a family of 0.35um and 0.18um standard Multiple Times Programmable (MTP)-IP devices.
This MTP-IP joint development agreement covers several standard memory cell sizes well-suited for embedded applications such as Displays, PMIC and LED controllers. By adding YMC’s leading-edge MTP-IP to MagnaChip’s existing NVM (non-volatile memory) portfolio, MagnaChip can provide enhanced foundry services to its global customers who stand to benefit from a world class IC design that incorporates next generation, low current embedded NVM performance.

These devices require simple processing and minimal programmability and utilize mixed-signal and BCD/high voltage technologies. For these requirements, YMC’s MTP-IP employing MagnaChip’s advanced manufacturing processes can be the optimal and cost-effective NVM solution for analog trim, configuration settings, code storage, digital rights management, and secure identification management.

This MTP-IP solution provides high performance and reliability for the most stringent customer applications and covers a wide range of MTP memory densities as needed in the market. This joint development project is scheduled to begin immediately, with design completion by June 2012 and qualification by the end of the year.

Namkyu Park, Vice President of MagnaChip’s Foundry Marketing commented, “We are very pleased to announce MagnaChip’s joint-development MTP-IP agreement with YMC, a leading IP solutions provider and partner in Taiwan. Our focus is to continue to offer cost-effective, high-performance NVM solutions to meet the increasing application specific needs of our BCD and mixed-signal foundry customers.”

About MagnaChip Semiconductor

Headquartered in South Korea, MagnaChip Semiconductor is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications. MagnaChip Semiconductor believes it has one of the broadest and deepest range of analog and mixed-signal semiconductor platforms in the industry, 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.


About Yield Microelectronics Corporation

Yield Microelectronics Corporation (YMC), located in Taiwan’s Chu-Pei city, is a specialized embedded logic multiple-time non-volatile memory (NVM) IP provider. YMC’s innovative NVM MTP-IP products are licensed to design houses and semiconductor foundries, allowing them to integrate crucial non-volatile memory with analog and digital functionality on a single chip. YMC’s NVM IP is characterized by its competitive cell and macro size, adopts logic-based architecture and features the scalability and ease of porting for different technologies and processes such as logic, high-voltage, mixed-mode, bipolar-CMOS-DMOS and many others. For more information, please visit www.ymc.com.tw.

CONTACTS:

In the United States:

Robert Pursel
Director of Investor Relations
Tel. 408-625-1262
robert.pursel@magnachip.com

In Korea:

Chankeun Park
Senior Manager, Public Relations
Tel.+82-2-6903-3195
chankeun.park@magnachip.com

Power Solutions

Magnachip Launches New LED Lighting Driver Combining High-Efficiency, High-Brightness with Low Heat

MagnaChip Launches New LED Lighting Driver Combining
High-Efficiency, High-Brightness with Low Heat Generation

 

SEOUL, South Korea and CUPERTINO, Calif., May 7, 2012 – MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, launched a high efficiency, AC direct-drive 4W/8W LED lighting driver which doesn’t require a separate AC line converter circuit.

The advantage of using of an AC drive type is that it minimizes neighboring circuits. The introduction of our advanced LED lighting driver is a result of MagnaChip’s extensive high voltage process technical expertise. With PF higher than 0.95 and THD below 27%, energy savings is maximized in the entire lighting system and meets the high efficiency requirements demanded for consumer LED products.

The 4 watt LED product has a brightness equivalent to 30 watt incandescent light bulbs while the 8 watt LED product is equivalent to 60 watts. The usual heat generation problems found in LED lighting has been resolved through the use of an LGA package exhibiting excellent heat dissipation characteristics.

The LED lighting driver also has an embedded bridge diode to manage AC voltage and current and is available in both 110 and 220 voltages. MagnaChip plans to expand its product offering of AC direct drive types by releasing AC-DC and DC-AC conversion type LED lighting drivers.

“MagnaChip’s LED lighting driver products will help the customer achieve high-efficiency and high-brightness with low heat generation,” said HK Kim, EVP and General Manager of MagnaChip’s Display Solutions Division and Power Solutions Division. “This new approach to LED driver design will enable customers to maximize energy savings in their entire LED lighting system, thereby reducing their direct lighting costs.”

About MagnaChip Semiconductor

Headquartered in South Korea, MagnaChip Semiconductor is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications. MagnaChip Semiconductor believes it has one of the broadest and deepest range of analog and mixed-signal semiconductor platforms in the industry, 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:

Robert Pursel
Director of Investor Relations
Tel. 408-625-1262
robert.pursel@magnachip.com

In Korea:

Chankeun Park
Senior Manager, Public Relations
Tel.+82-2-6903-3195
chankeun.park@magnachip.com

Investors

Magnachip Announces Pricing of Secondary Offering of 7,000,000 Shares of Common Stock

SEOUL, South Korea and CUPERTINO, Calif., May 2, 2012 – MagnaChip Semiconductor Corporation (“MagnaChip”) (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced that certain of its stockholders (the “selling stockholders”) priced an underwritten registered public offering of 7,000,000 shares of MagnaChip’s common stock at a price per share of $11.40. The selling stockholders have granted the underwriters of the common stock an option to purchase an additional 1,050,000 shares of common stock. The common stock offering is expected to close on May 7, 2012, subject to customary closing conditions. MagnaChip will not receive any proceeds from the sale of its common stock by the selling stockholders.

Barclays Capital Inc., Deutsche Bank Securities Inc. and UBS Securities LLC are acting as joint book-running managers for the offering. Citigroup Global Markets Inc. and ThinkEquity LLC are acting as co-managers.

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 the Company 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 the Company has filed with the SEC for more complete information about the Company 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, when available, 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; 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 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. For more information, please visit www.magnachip.com. Information on or accessible through, MagnaChip’s website is not a part of, and is not incorporated into, this release.

Safe Harbor for Forward-Looking Statements

Information in this release regarding the closing of the common stock offering are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. 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 we assume 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 our Form 10-K filed on March 8, 2012 and subsequent registration statements, amendments or other reports that we may file from time to time with the SEC and/or make available on our 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:

Robert Pursel
Director of Investor Relations
Tel. 408-625-1262
robert.pursel@magnachip.com

In Korea:

Chankeun Park
Senior Manager, Public Relations
Tel.+82-2-6903-3195
chankeun.park@magnachip.com