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  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Byreforge LLC -->
          <cik>0002096092</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Common Stock, par value $0.01 per share</securitiesClassTitle>
      <dateOfEvent>01/14/2026</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001325702</issuerCIK>
        <issuerCUSIP>55933J203</issuerCUSIP>
        <issuerName>MAGNACHIP SEMICONDUCTOR Corp</issuerName>
        <address>
          <com:street1>C/O MAGNACHIP SEMICONDUCTOR, LTD.</com:street1>
          <com:street2>15F, 76 JIKJI-DAERO, 436BEON-GIL</com:street2>
          <com:city>CHEONGJU-SI</com:city>
          <com:stateOrCountry>M5</com:stateOrCountry>
          <com:zipCode>28581</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Cristiano Amoruso</personName>
          <personPhoneNum>212-451-2300</personPhoneNum>
          <personAddress>
            <com:street1>Byreforge LLC</com:street1>
            <com:street2>853 Broadway</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10019</com:zipCode>
          </personAddress>
        </notificationInfo>
        <notificationInfo>
          <personName>Andrew Freedman, Esq.</personName>
          <personPhoneNum>212-451-2300</personPhoneNum>
          <personAddress>
            <com:street1>Olshan Frome Wolosky LLP</com:street1>
            <com:street2>1325 Avenue of the Americas</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10019</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0002096092</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Byreforge LLC</reportingPersonName>
        <fundType>WC</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>3072779.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>3072779.00</sharedDispositivePower>
        <aggregateAmountOwned>3072779.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>8.5</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0002069371</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Amoruso Cristiano</reportingPersonName>
        <fundType>AF</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>L6</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>3072779.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>3072779.00</sharedDispositivePower>
        <aggregateAmountOwned>3072779.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>8.5</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock, par value $0.01 per share</securityTitle>
        <issuerName>MAGNACHIP SEMICONDUCTOR Corp</issuerName>
        <issuerPrincipalAddress>
          <com:street1>C/O MAGNACHIP SEMICONDUCTOR, LTD.</com:street1>
          <com:street2>15F, 76 JIKJI-DAERO, 436BEON-GIL</com:street2>
          <com:city>CHEONGJU-SI</com:city>
          <com:stateOrCountry>M5</com:stateOrCountry>
          <com:zipCode>28581</com:zipCode>
        </issuerPrincipalAddress>
      </item1>
      <item4>
        <transactionPurpose>Item 4 is hereby amended to add the following:

On January 14, 2026, the Board appointed Cristiano Amoruso as a director of the Issuer to serve until the Issuer's 2026 Annual Meeting of Stockholders or until his successor has been duly elected and qualified, or until his earlier death, resignation, retirement, disqualification or removal. Mr. Amoruso has also been appointed to each of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of the Board.</transactionPurpose>
      </item4>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Byreforge LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Cristiano Amoruso</signature>
          <title>Cristiano Amoruso, Managing Partner</title>
          <date>01/20/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Amoruso Cristiano</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Cristiano Amoruso</signature>
          <title>Cristiano Amoruso</title>
          <date>01/20/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
