MagnaChip Pricies 1.7M Share Secondary Offering at $21.20/Share

MagnaChip Semiconductor Corporation ("MagnaChip")

, a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced Monday that certain of its stockholders that are affiliated with Avenue Capital Management II, L.P. (the "selling stockholders") priced an underwritten registered public offering of 1,700,000 shares of MagnaChip's common stock at a price per share to the public of $21.20.  The common stock offering is expected to close on September 13, 2013, subject to customary closing conditions.  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. is acting as sole book-running manager and underwriter for the offering.  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