Exhibit 99.1 Magnachip Reports Results for Fourth Quarter and Full-Year 2023 Announces successful design-wins with Smartphone Chinese OEMs Financial Highlights • Q4 revenue of 50.8millionwasnearthelow−endofourguidancerange.•Q4grossprofitmarginwas22.7158.1 million. • Repurchased approximately 8.2millionofstockduringthequarter.•Full−yearrevenueof230.1 million decreased 31.9% YoY. • Full-year gross pro ...