Cupertino's MagnaChip Semiconductor Files for $250 Million IPO

Cupertino, Calif. -- MagnaChip Semiconductor, a Korea-based maker of analog and mixed-signal chips with U.S. headquarters in Cupertino, on Monday filed to raise up to $250 million in its initial public offering (IPO). The company, which emerged from Chapter 11 in November, plans to list its shares on the New York Stock Exchange under the symbol "MX." Details of the offering, such as the number of shares to be sold and their expected price range, have yet to be announced. MagnaChip's products include display drivers, which are used in flat panel displays and mobile multimedia devices, and chips used for power management in consumer products. The company also provides
specialty analog and mixed-signal foundry services for fabless semiconductor companies that serve the consumer, computing and wireless markets.
http://www.magnachip.com
http://www.sec.gov/Archives/edgar/data/1325702/000095012310024348/f54652orsv1.htm