SEOUL, South Korea and SAN JOSE, Calif., Oct. 3, 2016 — (PRNewswire) —  MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced today the availability of a new 0.13 micron Slim Flash process technology, based on 0.13 micron EEPROM.  While maintaining the same performance characteristics of the existing EEPROM process, Slim Flash process technology is highly cost competitive because it reduces the number of layers to be embedded by 20 percent and cuts the manufacturing turnaround time by 15 percent.

The embedded NVM (Non-Volatile Memory) EEPROM process, integrates logic, analog, and memory into one chip, and has been adopted in a wide range of applications such as automotive, MCU, touch IC and Auto Focus IC.

Qualification test for 0.13 micron Slim Flash process technology was completed in both device performance and yield categories.  All devices passed the WLR (Wafer Level Reliability) test, SRAM, and reliability test of standard cell library.  In particular, high density EEPROM IP satisfied all categories related to endurance and data retention test.

In addition to the existing 0.13 micron EEPROM, MagnaChip plans to build a Slim Flash portfolio by merging Slim Flash into various technologies, including BCD and High Voltage.  MagnaChip is currently engaging with customers using the new technology, with several products currently in development. Volume production of the Slim Flash process technology is expected to begin as early as the fourth quarter of 2016.

"With the introduction of our 0.13 micron Slim Flash process technology, customers now have access to a cost-saving and time-saving manufacturing process that will improve their overall time to market," said YJ Kim, Chief Executive Officer of MagnaChip.

About MagnaChip Semiconductor Corporation

MagnaChip is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer, communication, industrial and computing applications. The Company's Display Solutions, Power Solutions, and Foundry Services Groups provide a broad range of standard products and manufacturing services to customers worldwide.  MagnaChip owns a portfolio of more than 3,500 registered and pending patents, and has extensive engineering, design and manufacturing process expertise resulting from its 30-year operating history.

For more information, please visit www.magnachip.com. Information on or accessible through, MagnaChip's website is not a part of, and is not incorporated into, this release.

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SOURCE MagnaChip Semiconductor Corporation

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MagnaChip Semiconductor Corporation Web: http://www.magnachip.com