INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Against MagnaChip Semiconductor Corporation

Glancy Binkow & Goldberg LLP reminds investors of MagnaChip Semiconductor Corporation (“MagnaChip” or the “Company”) (NYSE:MX) that all purchasers of MagnaChip securities between January 30, 2013 and March 11, 2014, inclusive (the “Class Period”), have until May 5, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.

MagnaChip designs and manufactures analog and mixed-signal semiconductor products for high-volume consumer applications. The Complaint filed in the United States District Court for the Central District of California alleges that throughout the Class Period defendants issued materially false and misleading statements concerning MagnaChip’s operations and financial performance. Specifically, defendants misrepresented or failed to disclose that: (1) the Company lacked adequate controls over financial reporting; (2) the Company was improperly recognizing revenues; (3) the Company’s prior financial statements required restatement; and (4) as a result, the Company’s financial statements were materially false and misleading at all relevant times.

If you are a member of the Class described above, you may move the Court no later than May 5, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

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