MAGNACHIP SEMICONDUCTOR Corp

The Company is subject to risks and uncertainties, any of which could have a significant or material adverse effect on our business, financial condition, liquidity or consolidated financial statements.

In addition to the other information contained in this Report and the other reports and materials the Company files with the Securities and Exchange Commission, investors should carefully consider the risk factors disclosed in Part I, Item 1A of our 2025 Form 10-K as well as in our subsequent filings with the Securities and Exchange Commission. The risks described herein and therein are not the only ones we face.

Upgrades and modernization of power system infrastructure could interrupt production and materially and adversely impact our business, prospects, financial condition and results of operations.

Our Gumi fabrication facilityrequires a stable supply of electricity to support continuous manufacturing operations and sensitive production equipment. As we seek to maintain and improve our production capabilities, we may be required to further modernize our facilities and equipment and upgrade our manufacturing facilities. In addition, we rely on third parties to supply stable power supply and other power systems infrastructure to support our fabrication operations, and such third parties may from time to time perform maintenance, upgrades or other work relating to the supporting power systems infrastructure, including a planned upgrade to certain power infrastructure serving our Gumi fabrication facility that is currently expected to result in a temporary power interruption and related operational adjustments. Any damage to fabrication equipment, disruption during the resumption of operations, production delays, wafer losses, deterioration in yield or other operational inefficiencies resulting from such upgrade could materially and adversely affect our business, financial conditions and results of operations.