Magnachip Semiconductor Investor Presentation — February 2022

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Magnachip Semiconductor (NYSE: MX)

Q4 2021 Earnings Materials

February 16, 20222Forward -Looking Statements

Information in this presentation regarding Magnachip’s forecasts, business outlook, expectations and beliefs are forward -looking statements within the meaning of

the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All forward -looking statements inclu ded or incorporated by reference in this

presentation, including expectations about estimated historical or future operating results and financial performance, busine ss strategies, outlook and plans,

including first quarter 2022 revenue and gross profit margin expectations, future growth and revenue opportunities from new a nd existing products and customers,

the impact of the COVID -19 pandemic or the emergence of various variants of the virus, escalated trade tensions and supply const raints on Magnachip’s first quarter

2022 and future operating results, and the timing and extent of future revenue contributions by our products and businesses, arebased upon information available

to Magnachip as of the date of this presentation and the accompanying press release, which may change, and we assume no oblig ation to update any such forward -

looking statements. These statements are not guarantees of future performance, and actual results could differ materially from our current expectations. Factors

that could cause or contribute to such differences include, among others: the impact of changes in macroeconomic and/or gener al economic conditions, including

those caused by or related to the COVID -19 pandemic or the emergence of various variants of the virus, other outbreaks of diseas e, recessions, economic instability