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

MagnaChip Opens Image Sensor Research Center in Pasadena

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via PRNewswire

SEOUL, South Korea , April 15 /PRNewswire/ -- MagnaChip Semiconductor, Ltd., a leading provider of analog and mixed signal semiconductor products for high volume consumer applications, today, announced the opening of its new Image Signal Processing Advanced Research Center in Pasadena, California .

The new center will have as its mandate the development and delivery of next-generation image enhancement and processing technologies and architectures for CMOS image sensor customers in the various end markets MagnaChip serves, including mobile phones, PCs, notebook computers, and security applications. In particular, the R&D staff in the new center will prioritize development of leading edge image processing techniques for highly integrated, low-cost system-on-a-chip solutions, advanced algorithms delivering quality levels comparable to digital still cameras and technologies that enable next-generation small-pixel products.

Robert Krakauer , President of MagnaChip commented, "The opening of our new advanced research center is a reflection of our continued commitment to the development of leading technology in our imaging solutions business. With the opening of this center, we expect to further our technical expertise in image enhancement as we continue to build our position in the market. The center will work hand-in-hand with other MagnaChip design centers worldwide, including the Advanced Pixel Research Center in Portland, OR , imaging systems design center in Sunnyvale, CA , and imaging systems design center in Seoul, Korea ."

About MagnaChip Semiconductor

Headquartered in Seoul, South Korea , MagnaChip Semiconductor is a leading, Asia -based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications, such as mobile phones, digital televisions, flat panel displays, notebook computers, mobile multimedia devices and digital cameras. The Company has a broad range of analog and mixed-signal semiconductor technology, supported by its 28-year operating history, large portfolio of registered and pending patents and extensive engineering and manufacturing process expertise. For more information, visit www.magnachip.com.

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, 2007 , which was filed with the Securities and Exchange Commission on March 31, 2008 .

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