MagnaChip Semiconductor Acquires Leading Display Driver IC Company

SEOUL, Korea, Feb. 18 /PRNewswire/ -- MagnaChip Semiconductor today announced that it has agreed to acquire ISRON (International System and Electronics) Corp., a display driver IC (DDI) company, for an undisclosed amount, subject to certain closing conditions.

Founded in 2000, ISRON designs, develops, and markets mixed-signal semiconductors focused on the small DDI market. ISRON is currently a unit of Siix Corporation, , of Osaka, Japan. ISRON has 32 employees, all based in Osaka and achieved 2004 revenues of approximately US$21 million. The Company is a leading provider of super slim TFT LCD drivers, and is developing a one-chip amorphous QVGA solution in high-resolution small panels. ISRON offers products with the smallest chip size available, providing a cost- effective and high performance solution to customers. For more information visit http://www.siix.co.jp/.

Youm Huh, President and CEO of MagnaChip Semiconductor, commented, "The acquisition of ISRON solidifies MagnaChip's position in the growing, profitable small DDI color mobile phone market. As a result, we strengthen our product and technology portfolios, R&D capabilities and add key personnel, including ISRON's senior management team. With our expanded capabilities we will be able to further speed up time-to-market in core products and offer customers an even more comprehensive set of solutions to address the small DDI market. We're also very pleased that Yoshio Imamura, founder and CEO of ISRON, will be joining MagnaChip, as a core leader of our small panel driver business going forward."

About MagnaChip Semiconductor

MagnaChip Semiconductor is a leading designer, developer and manufacturer of mixed-signal and digital multimedia semiconductors addressing the convergence of consumer electronics and communications devices. We focus on CMOS image sensors and flat panel display drivers, which are complex, high performance, mixed signal semiconductors that capture images and enable and enhance the features and capabilities of both small and large flat panel displays. MagnaChip also provides wafer foundry services utilizing CMOS high voltage, embedded memory, analog and power process technologies for the manufacture of IC's for customer-owned designs. MagnaChip has world-class manufacturing capabilities and an extensive portfolio of more than 12,800 registered and pending patents. As a result, MagnaChip is a valued partner in providing leading technology solutions to its customers worldwide. For more information, visit http://www.magnachip.com/.

   CONTACTS:

   In Korea:
   Julia Cho, PR Manager
   Tel: 82-2-3459-3182
   julia.cho@magnachip.com

   In the U.S.:
   David Pasquale, EVP at The Ruth Group
   Tel: +1-646-536-7006
   dpasquale@theruthgroup.com

CONTACT: In Korea, Julia Cho, PR Manager, +82-2-3459-3182,
julia.cho@magnachip.com; In the U.S., David Pasquale, EVP at The Ruth Group,
+1-646-536-7006, dpasquale@theruthgroup.com, for MagnaChip Semiconductor

Web site: http://www.magnachip.com/
http://www.siix.co.jp/