SEOUL, South Korea and CUPERTINO, Calif., Oct. 10, 2011 — (PRNewswire) — MagnaChip Semiconductor Corporation ("MagnaChip Semiconductor") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced that it will begin supplying display driver ICs to be used in the new AMOLED display panels for Samsung's Galaxy S2 LTE smartphone.

MagnaChip's display driver ICs will be used in AMOLED panels that support WVGA (480X800) level resolution and 16M (24bit) colors. The AMOLED panel is designed for the Galaxy S2 LTE 4.5" model which is based on the next-generation LTE (Long Term Evolution) technology.

The product features MIPI DSI (Mobile Industry Processor Interface Display Serial Interface) designed specifically for smartphone applications and ACL (Automatic Current Limit) which significantly improves performance and power consumption efficiency.

T.Y. Hwang, President and General Manager of MagnaChip's Display Solutions Division, commented, "We are very excited and proud to have been selected to supply our display driver IC technology for Samsung's Galaxy S2 LTE smartphone. This is recognition of our product excellence and ability to design and manufacture highly differentiated products which meet the diverse needs of our 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 range 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 Samsung Web: http://www.magnachip.com