Magnachip Semiconductor to Ring the NYSE Opening Bell on Thursday, April 7th

SEOUL, South Korea and CUPERTINO, Calif., April 6, 2011 — On Thursday, April 7, 2011, executives of MagnaChip Semiconductor Corporation (NYSE: MX) will visit the New York Stock Exchange to celebrate the recent completion of its initial public offering and first day of NYSE trading. To mark this special occasion, Sang Park, Chairman and Chief Executive Officer, will ring the Opening Bell at 9:30 a.m. EDT. “It is an honor to ring the Opening Bell and represent our many employees around the world who are responsible for MagnaChip’s success,” said Sang Park. “We are proud to be listed on the New York Stock Exchange along with many of the world’s top publicly-traded companies.”

About MagnaChip Semiconductor Corporation

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. +1-408-625-1262
robert.pursel@magnachip.com

In Korea:
Chankeun Park
Senior Manager, Public Relations
Tel. +82-3-6903-3195
chankeun.park@magnachip.com