MagnaChip Semiconductor Corporation (NYSE:MX) Files An 8-K Results of Operations and Financial Condition

Item2.02.

Attached hereto as Exhibit 99.1 and incorporated by reference
herein is preliminary financial information for MagnaChip
Semiconductor Corporation (the Company) and its consolidated
subsidiaries for the fourth quarter ended December31, 2016, as
presented in a press release dated January10, 2017.

The information disclosed under this Item 2.02, including Exhibit
99.1 hereto, shall not be deemed filed for purposes of Section18
of the Securities Exchange Act of 1934, as amended, and shall not
be deemed incorporated by reference into any filing made under
the Securities Act of 1933, as amended, except as expressly set
forth by specific reference in such filing.

On January10, 2017, the Company announced the proposed
unregistered offering (the Notes Offering) by MagnaChip
Semiconductor S.A. of up to $65.0million principal amount of
exchangeable senior notes due 2021.

The Company is disclosing under Item 7.01 the information
attached as Exhibit 99.2, which information is incorporated by
reference herein. This information, which has not been previously
reported, is included in a preliminary offering memorandum or
accompanying management presentation that is being disseminated
in connection with the Notes Offering.

The information disclosed under this Item 7.01, including Exhibit
99.2 hereto, shall not be deemed filed for purposes of Section18
of the Securities Exchange Act of 1934, as amended, and shall not
be deemed incorporated by reference into any filing made under
the Securities Act of 1933, as amended, except as expressly set
forth by specific reference in such filing.

On January10, 2017, the Company issued a press release announcing
the Notes Offering. A copy of the press release is filed as
Exhibit 99.3 hereto and is incorporated by reference herein.

This Current Report does not constitute an offer to sell or the
solicitation of an offer to buy any security, nor shall there be
any offer, solicitation or sale of any security, in any
jurisdiction in which such offering, solicitation or sale would
be unlawful.

Safe Harbor for Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995 that involve risks and
uncertainties. All forward-looking statements included in this
report, including statements about our future operating and
financial performance, may change, and the Company assumes no
obligation to update any such forward-looking statements. These
statements are not guarantees of future performance and actual
results could differ materially from the Companys current
expectations. Factors that could cause or contribute to such
differences include the risks and uncertainties detailed from
time to time in the Companys filings with the Securities and
Exchange Commission, as well as the possibility that the Court
may fail to approve the terms of the proposed settlement at the
final approval hearing. The Company assumes no obligation and
does not intend to update the forward-looking statements
provided, whether as a result of new information, future events
or otherwise.

(d) Exhibits.

The following exhibit is furnished as part of this report.

About MagnaChip Semiconductor Corporation (NYSE:MX)

MagnaChip Semiconductor Corporation is a holding company, which designs and manufactures analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of things (IoT) applications. The Company provides technology platforms for analog, mixed-signal, power, high voltage, non-volatile memory and radio frequency applications. It operates through two segments: Foundry Services Group and Standard Products Group. Its Foundry Services Group provides specialty analog and mixed-signal foundry services for fabless and integrated device manufacturer semiconductor companies. Its Standard Products Group includes business lines: Display Solutions and Power Solutions. Its Display Solutions products provide flat panel display solutions to suppliers of large and small flat panel displays. Its Power Solutions products include discrete and integrated circuit solutions for power management in consumer, communication and industrial applications.

MagnaChip Semiconductor Corporation (NYSE:MX) Recent Trading Information

MagnaChip Semiconductor Corporation (NYSE:MX) closed its last trading session up +0.25 at 6.35 with 113,367 shares trading hands.