The corrosion properties of an EN AC AlSi9Cu3(Fe) alloy (reference sample (RS)) and samples produced by recycling chips of RS by direct hot extrusion (DHES) and subsequent thixoforming (TFS) were tested in 0.5 M NaCl solution. The plastic deformation changes the microstructure of RS, and brittle, coarse Si particles and intermetallic compounds (IMCs) were effectively broken into ultrafine-grained particles and redistributed homogeneously into the α-Al matrix in DHES. TFS exhibits a globular structure, and polyhedral clusters rich in Si and IMCs were observed along the grain boundary. Electrochemical measurements combined with surface characterisation show that the microstructure significantly influences the tested samples’ corrosive properties. It was confirmed that corrosion resistance increased in the following order: RS < TFS < DHES. Similarly, the corrosion potential becomes nobler, the corrosion current decreases, the passive area increases, and the oxide layer becomes more stable (higher resistance and thickness). Also, the percentage of the surface affected by corrosion and the volume of pits reduce. The effect of microstructure is particularly pronounced in the level of the corrosion current and the volume of pits formed. The corrosion current of DHES and TFS decreases by 4–5 times, while the pit volume of DHES and TFS decreases by several orders of magnitude compared to RS. The corrosion stability of DHES and TFS in relation to RS is a consequence of the comminution of the Si particles and the IMC. The refined and homogeneous microstructure contributes positively to forming a stable oxide film on DHES and TFS and increases their corrosion resistance in an aggressive environment. The applied recycling method represents an innovative and sustainable process for the recycling of semisolid materials, with lower energy consumption and less greenhouse gas emissions compared to conventional recycling. The fact that the products obtained through recycling have a significantly higher corrosion resistance further increases the economic and environmental impact of the process.