Magnachip completes $37.5M accelerated share repurchase at avg $18.51

MAGNACHIP SEMICONDUCTOR Corp

Completed $37.5M repurchase of common stock via accelerated agreement with JPMorgan.
Bought ~2 million shares at an average price of $18.51 per share.
$37.5M remains authorized under the original $75M buyback plan.
CEO cites MX 3.0 strategy and sustainable cash flow as value drivers.

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