MagnaChip Semiconductor Withdraws Its Initial Public Offering

Jun 30, 2010, 07:00 ET from Magnachip Semiconductor

CUPERTINO, Calif. and SEOUL, South Korea, June 30 /PRNewswire-FirstCall/ -- MagnaChip Semiconductor LLC ("MagnaChip Semiconductor") today announced that it has elected not to proceed with its planned initial public offering at this time due to adverse market conditions.

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.

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. +82-3-6903-3195

chankeun.park@magnachip.com



SOURCE Magnachip Semiconductor



RELATED LINKS

http://www.magnachip.com