SEOUL, South Korea and CUPERTINO, Calif., Sep. 15, 2014 — (PRNewswire) —  MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced that it has finished development of a proprietary 0.13um embedded EEPROM IP which is suited for use in non-volatile memory (NVM) solutions such as touch controller IC and microcontroller (MCU) applications. In comparison with 0.18um embedded EEPROM IP, this newly developed 0.13um embedded EEPROM IP enhances the performance of touch controller ICs and MCUs by decreasing approximately 50% of the density of 32Kbyte memory, and providing 100K times of endurance characteristics and data retention to over 10 years.

MagnaChip initiated the development of its 0.13um embedded EEPROM IP with Wingore, a Korean third party IP provider, which led to further development and completion of IP for a 1.5V/ 3.3V dual supply  low power solution. This new 0.13um EEPROM IP strengthens MagnaChip's product portfolio and provides competitive solutions for medical and touch controller applications and offers many advantages including high speed and low standby current.

MagnaChip is also developing additional versions of the 0.13um EEPROM IP, including 1.5V/ 5.0V dual supply and low power IP suitable for MCU, consumer and industrial applications with product release targeted for the latter part of this year.

Namkyu Park, Executive Vice President of MagnaChip's Semiconductor Manufacturing Services Division, commented, "We are very pleased to offer various NVM solutions utilizing MagnaChip's proprietary IP as well as third party IP.  Introducing newly qualified intellectual property will enable MagnaChip to provide a growing variety of highly competitive IP solutions to meet the increasing demands of our MCU and touch controller customers."

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 ranges 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.

SOURCE MagnaChip Semiconductor Corporation

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