Related Party Transactions

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions

19. Related Party Transactions

Stockholders

Funds affiliated with Avenue Capital Management II, L.P. (“Avenue”) owned 12.0% of the Company’s common stock issued and outstanding at December 31, 2014.

Registration Rights Agreement

On November 9, 2009, the Company entered into a registration rights agreement with the holders of MagnaChip Semiconductor LLC’s common units issued in the Company’s reorganization proceedings, including Avenue, where the Company granted them registration rights with respect to the Company’s common stock. In 2012 and 2013, the Company paid fees and expenses of $1.2 million and $0.8 million, respectively, in connection with the registration and sale of shares of the Company’s common stock by Avenue pursuant to such registration rights agreement. Affiliates of Avenue currently have two employees serving as members of the Company’s Board of Directors. Another member of the Board of Directors was also previously employed by affiliates of Avenue until December 31, 2012, and currently serves as a consultant to affiliates of Avenue.