HSINCHU, Taiwan and SEOUL, South Korea,Sept. 10/PRNewswire/ -- eMemory Technology Inc., a provider of intellectual property for logic embedded non-volatile memory (NVM) and MagnaChip Semiconductor Ltd., a leading Asia-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications, today announced that the Neobit-embedded non-volatile memory (NVM) intellectual property has received final verification to be applied in CMOS logic and high-voltage processes.

Neobit Technology is applied in 0.18um and 0.35um logic, high-voltage, and analog processes for a variety of products including LCD driver ICs, PMICs, and analog ICs. Currently in global mass production, Neobit OTP devices increase wafer yield and product function by parameter tuning after modeling and packaging, effectively improving production flexibility and customization quality.

MagnaChip, a specialty foundry provider of analog and mixed signal process technologies, is the first foundry alliance partner to work with eMemory in Korea. MagnaChip has been working with eMemory on the development of NVM and high-voltage platforms in recent years. eMemory will continue to work in close cooperation with MagnaChip on development of advanced technologies and processes to enhance their overall competitiveness and market scope.

Charles Hsu, President of eMemory, commented, "We are pleased to work with MagnaChip as a strategic partner. In addition to providing our Neobit OTP technology, a highly reliable and cost-effective solution, MagnaChip and eMemory are collaborating closely to expand and enhance product variety by offering distinctive technology."

Channy Lee, Executive Vice President and General Manager of MagnaChip's Semiconductor Manufacturing Services business, commented, "It's our mission to create the most innovative and cost-effective manufacturing solutions for our customers. The combination of MagnaChip's manufacturing expertise and eMemory's Neobit NVM together will offer customers the best solution in the marketplace."

About eMemory Technology Inc.

eMemory Technology Inc. was founded in August of 2000 at Hsinchu Science Park in Taiwan. eMemory is a technology-based company focused on the development of logic embedded non-volatile memory IP's such as OTP, MTP, and Flash. eMemory has been dedicated to the innovation of Neobit(R) and NeoFlash(R) for years and continues its efforts in providing a wide range of IP and technology services for programmable NVM devices and embedded memory applications. For more information, visit: http://www.ememory.com.tw

About MagnaChip Semiconductor

Headquartered in Seoul, South Korea, MagnaChip Semiconductor is a leading, Asia-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications, such as mobile phones, digital televisions, flat panel displays, notebook computers, mobile multimedia devices and digital cameras. The Company has a broad range of analog and mixed-signal semiconductor technology, supported by its 29-year operating history, large portfolio of registered and pending patents and extensive engineering and manufacturing process expertise. For more information, visit www.magnachip.com.

Forward-Looking Statements:

Certain statements contained in this press release contain forward-looking statements regarding MagnaChip Semiconductor's operations, economic performance and financial condition. Although MagnaChip Semiconductor believes that the expectations reflected in these statements are reasonable, no assurance can be given that such expectations will prove to have been correct as a result of many factors, including those described in our annual report on Form 10-K for the year ended December 31, 2007, which was filed with the Securities and Exchange Commission on March 31, 2008.

    Press Contacts:

    MagnaChip
    In Korea:
    Mi-Jeong HAN, PR Manager
    Tel: 82-2-6903-3195
    mjhan@magnachip.com

    In the U.S.:
    Joseph Villalta at The Ruth Group
    Tel : +646-536-7003
    jvillalta@theruthgroup.com

    eMemory

    Anita Chang, Administration Center
    Tel : 886-3-5631616 ext.1101
    Fax : 886-3-5632525
    anita@ememory.com.tw

Web site: http://www.ememory.com.tw/
http://www.magnachip.com/