eMemory Collaborates with MagnaChip to Offer One Time Programmable Macro for 0.18 um CMOS Process

HSINCHU, Taiwan and SEOUL, Korea -- Feb. 18, 2008 -- eMemory Technology Inc., a world renowned provider of logic embedded non-volatile memory (NVM) intellectual property (IP), today announced that it has signed an agreement to collaborate with MagnaChip Semiconductor Ltd., a leading Asia- based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications, in the development of embedded NVM technology and the qualification of an 0.18um One Time Programmable (OTP) macro using both the CMOS logic and high-voltage processes.

eMemory's OTP technology can be applied in analog, LCD driver, and network ICs for the purpose of data storage, code programming, and trimming. The technology does not require any additional mask or process steps.

"We are pleased to announce that eMemory has become one of our IP alliance program partners. We believe eMemory's leading edge technologies, combined with MagnaChip's reliable, advanced manufacturing capabilities, will allow us to provide robust and cost-effective manufacturing solutions, Specifically, the alliance will permit us to better serve the increasing demand for compact size and the need for flexibility in high-voltage products," said Channy Lee, Executive Vice President and General Manager of MagnaChip's Semiconductor Manufacturing Service Division.

"As the demand for embedded NVM continues to expand, we are pleased to partner with a world leading foundry such as MagnaChip," stated Charles Hsu, President of eMemory. "MagnaChip offers fully qualified 0.18um logic processes for a variety of applications. We will work with MagnaChip to provide OTP solutions targeted at high growth analog, LCD driver and personal mobile applications."

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 about eMemory, please 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 28-year operating history, large portfolio of registered and pending patents and extensive engineering and manufacturing process expertise. For more information, visit http://www.magnachip.com.