Magnachip Semiconductor Investor Presentation — May 2022

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Magnachip Semiconductor (NYSE: MX)

Q12022Earnings Materials

May 3, 20222Forward -Looking Statements

Information inthispresentation regarding Magnachip’s forecasts, business outlook, expectations andbeliefs areforward -looking statements within themeaning ofthe

Private Securities Litigation Reform Actof1995 that involve risks and uncertainties .Allforward -looking statements included orincorporated byreference inthis

presentation, including expectations about estimated historical orfuture operating results andfinancial performance, business strategies, outlook andplans, including

second quarter 2022 revenue andgross profit margin expectations, future growth andrevenue opportunities from new andexisting products andcustomers, theimpact

oftheCOVID -19pandemic ortheemergence ofvarious variants ofthevirus, escalated trade tensions andsupply constraints onMagnachip’s second quarter 2022 and

future operating results, andthetiming andextent offuture revenue contributions byourproducts andbusinesses, arebased upon information available toMagnachip

asofthedate ofthispresentation and theaccompanying press release, which may change, and weassume noobligation toupdate any such forward -looking

statements .These statements arenotguarantees offuture performance, andactual results could differ materially from ourcurrent expectations .Factors thatcould

cause orcontribute tosuch differences include, among others :theimpact ofchanges inmacroeconomic and/or general economic conditions, including those caused by

orrelated totheCOVID -19pandemic ortheemergence ofvarious variants ofthevirus, other outbreaks ofdisease, theRussia -Ukraine crisis, recessions, economic