MagnaChip Semiconductor Corporation (NYSE:MX) announces a share repurchase program. Under the program, the company will repurchase up to $15 million worth of its common stock. Repurchases will be made in in open market, privately negotiated or other transactions. Any repurchases will depend on many factors, including but not limited to our business and financial performance, the business and market conditions at the time, including the price of our shares, and other factors that management considers relevant. There can be no guarantee as to the exact number of shares or value that will be repurchased under the program. The repurchase program may be discontinued at any time.