MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, announced today that it has started the co-development of an automotive MCU process with ABOV Semiconductor, Automotive Electronic Systems and Semiconductors Lab. of UNIST (Ulsan National Institute of Science and Technology) and Analog & Mixed Signal Integrated Circuit Lab. of SNU (Seoul National University) using MagnaChip's 0.18 micron automotive process.