Magnachip To Be Acquired By Wise Road Capital

[soAsian]

Magnachip To Be Acquired By Wise Road Capital For $1.4B; Shares Pop 27%

Shares of Magnachip Semiconductor Corporation jumped 27.4% on March 26 after the South Korean chip maker inked a deal with private equity fund Wise Road

www.smarteranalyst.com

news in Taiwan is playing up the SK company (MagnaChip) technologies will goes to China. I'm not sure what kind of process node technology will go to China. it doesn't look like they do high end or am i missing something?

 

[Fred Chen]

Magnachip to be sold to Chinese fund

Magnachip, spun off from South Korea’s SK hynix and listed on the US stock market, has been sold to a Chinese private equity fund, according to industry sources Monday. The chipmaker will be acquired by China’s Wise Road Capital for 1.6 trillion won ($1.4 billion) according to the company...

www01.koreaherald.com

200mm

 

[jaiyam]

What does Magnachip do, for those not in the loop?

 

[Fred Chen]

It sold its foundry services and one of its fabs last year, display drivers are its highlight now.

 

[Daniel Nenni]

SK Hynix made a very wise move into memory. Shedding non memory business is also a smart move. They are a company to watch, absolutely.

 

[Paul2]

SK Hynix made a very wise move into memory. Shedding non memory business is also a smart move. They are a company to watch, absolutely.

Hynix is still quite active in logic, especially ICs surrounding memory.