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Updated: July 8th, 2008 05:26 PM CDT

MagnaChip Unveils Power Solutions at 3GSM World Congress

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Forward-Looking Statements

Certain statements contained in this press release contain forward-looking statements regarding MagnaChip Semiconductor's operations, economic performance and financial condition. Although MagnaChip Semiconductor believes that the expectations reflected in these statements are reasonable, no assurance can be given that such expectations will prove to have been correct as a result of many factors, including those described in our annual report on Form 10-K for the year ended December 31, 2006 , which was filed with the Securities and Exchange Commission on March 30, 2007 .

CONTACTS: In Korea: In the U.S.: Mi-Jeong HAN, PR Manager Joseph Villalta at The Ruth Group Tel: 82-2-6903-3195 Tel: +646-536-7003 mj.han@magnachip.com jvillalta@theruthgroup.com

SOURCE MagnaChip Semiconductor, Ltd.


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