<SEC-DOCUMENT>0001209191-12-007225.txt : 20120202
<SEC-HEADER>0001209191-12-007225.hdr.sgml : 20120202
<ACCEPTANCE-DATETIME>20120202212429
ACCESSION NUMBER:		0001209191-12-007225
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120115
FILED AS OF DATE:		20120202
DATE AS OF CHANGE:		20120202

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Kim Heung Kyu
		CENTRAL INDEX KEY:			0001492294

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34791
		FILM NUMBER:		12567709

	MAIL ADDRESS:	
		STREET 1:		C/O MAGNACHIP SEMICONDUCTOR, INC.
		STREET 2:		20400 STEVENS CREEK BOULEVARD, SUITE 370
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGNACHIP SEMICONDUCTOR Corp
		CENTRAL INDEX KEY:			0001325702
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				830406195
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		C/O MAGNACHIP SEMICONDUCTOR S.A.
		STREET 2:		74, RUE DE MERL
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2146
		BUSINESS PHONE:		(352) 45-62-62

	MAIL ADDRESS:	
		STREET 1:		C/O MAGNACHIP SEMICONDUCTOR S.A.
		STREET 2:		74, RUE DE MERL
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2146

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAGNACHIP SEMICONDUCTOR LLC
		DATE OF NAME CHANGE:	20110304

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAGNACHIP SEMICONDUCTOR Corp
		DATE OF NAME CHANGE:	20110303

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAGNACHIP SEMICONDUCTOR LLC
		DATE OF NAME CHANGE:	20100701
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c27030_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0304</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2012-01-15</periodOfReport>

    <issuer>
        <issuerCik>0001325702</issuerCik>
        <issuerName>MAGNACHIP SEMICONDUCTOR Corp</issuerName>
        <issuerTradingSymbol>MX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001492294</rptOwnerCik>
            <rptOwnerName>Kim Heung Kyu</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>20400 STEVENS CREEK BOULEVARD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 370</rptOwnerStreet2>
            <rptOwnerCity>CUPERTINO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>95014</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>See Remarks</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>7.75</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2012-01-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>95000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2022-01-15</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>95000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>95000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The stock option vests and becomes exercisable, subject to continued service: 34% on 1/15/2013; 9% on 4/15/2013; 8% on each of 7/15/2013, 10/15/2013, and 1/15/2014; 9% on 4/15/2014; and 8% on each of 7/15/2014, 10/15/2014, and 1/15/2015.</footnote>
    </footnotes>

    <remarks>Executive Vice President and General Manager, Display Solutions and Power Solutions Division</remarks>

    <ownerSignature>
        <signatureName>By:  /s/  Micheal Reagan, Attorney-in-Fact</signatureName>
        <signatureDate>2012-02-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
