Magnachip expands share repurchase program by $12.5M to $87.5M total

MAGNACHIP SEMICONDUCTOR Corp

Board authorized expanding stock repurchase program from $75M to $87.5M of common stock.
Company has already repurchased $37.5M; remaining $50M will be bought in open market or private transactions.
Established a Rule 10b5-1 trading plan in connection with the repurchase program.
Timing and number of shares to be repurchased depend on market conditions and other factors.

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