MagnaChip Semiconductor and SENIS AG Sign Patent License Agreement

      MagnaChip Semiconductor and SENIS AG Sign Patent License Agreement

MagnaChip secures magnetic field sensing technology for mobile, consumer,
industrial and automotive applications

PR Newswire

SEOUL, South Korea and CUPERTINO, Calif., June 16, 2014

SEOUL, South Korea and CUPERTINO, Calif., June 16, 2014 /PRNewswire/ --
MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based
designer and manufacturer of analog and mixed-signal semiconductor products,
announced that it has signed a patent license agreement with SENIS AG, a
manufacturer of magnetic field and current measurement instruments based in
Zug, Switzerland.

With the agreement, MagnaChip acquires the right to use a portfolio of SENIS'
patents covering magnetic field and current measurement technologies in its
sensor products. MagnaChip expects the agreement to significantly strengthen
the company's existing initiatives in sensors and allow development of sensor
solutions for new industrial and consumer applications. MagnaChip's existing
portfolio of sensors includes the e-Compass and MXM11XX Digital Hall sensor
family. According to Gartner, non-optical semiconductor sensor revenue grew
5.9% in 2013 to $6.1 billion, and is expected to grow to $10.2 billion in
2018.

"We are pleased to reach a strategic alliance agreement with SENIS AG, a
company that we have previously collaborated with in a close partnership,"
said YJ Kim, interim CEO of MagnaChip and General Manager of MagnaChip's
Display Solutions Division. "With access to SENIS' high performance magnetic
field and current measurement technology, we expect to accelerate development
of differentiated sensor solutions for our customers, particularly in
industrial applications."

About MagnaChip Semiconductor
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, a large portfolio of registered and pending patents and extensive
engineering and manufacturing process expertise. For more information, please
visit www.magnachip.com.

About SENIS AG
SENIS AG was founded by Dr. R. Popovic, a professor at EPFL, Switzerland in
2004 as a spin-off of SENTRON AG. SENIS develops and manufactures advanced
instruments for magnetic field and current measurement and provides the
corresponding development and engineering services.

CONTACTS

In the United States:          In Korea:

Robert Pursel                  Chankeun Park

Director of Investor Relations Senior Manager, Public Relations

Tel. +1-408-625-1262           Tel. +82-3-6903-3195

robert.pursel@magnachip.com    chankeun.park@magnachip.com

SOURCE MagnaChip Semiconductor Corporation

Website: http://www.magnachip.com
 
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