SemiMedia SemiMedia
  • Breaking News
  • MarketWatch
  • Distribution
  • Manufacturer
  • Video
  • About us
Home › MarketWatch › Wise Road Capital acquires Magnachip for US$1.4 billion
  • 0

Wise Road Capital acquires Magnachip for US$1.4 billion

SemiMediaEdit
March 30, 2021

Magnachip Semiconductor announced on Friday that it agreed to be acquired by private equity investment company Wise Road Capital Ltd. at a price of $29 per share, for a total price of approximately $1.4 billion.

After the transaction is completed, Magnachip’s management team and employees are expected to continue to hold their positions, and the company will still be headquartered in South Korea.

Magnachip Semiconductor was established in October 2004. When the company was founded, it had one 5-inch, one 6-inch, and three 8-inch wafer fabs. The 5-inch fab was closed in 2007 and the 6-inch fab was closed in 2015. In 2016, Magnachip merged two 8-inch wafer fabs (FAB4 and FAB5) in Cheongju to specialize in the foundry business, with a monthly foundry capacity of approximately 100,000 wafers.

The main customers of Magnachip's standard products are Samsung and LG, which accounted for approximately 33% of their total sales in 2018 and 95% of the revenue of the display solutions division.

Magnachip CEO YJ Kim said: "This transaction is in the best interests of all our stakeholders, including shareholders, customers and employees. This will provide an excellent opportunity to accelerate our MX 3.0 growth strategy. In view of their deep industry expertise, Wise Road Capital is an ideal partner for Magnachip. We look forward to working with them to plan the next stage of development for our company."

Related

electronic components news Magnachip Semiconductor Wise Road Capital
ST and OQmented collaborate on advanced MEMS mirror-based laser beam scanning solutions
Previous
Nikkan: 17 equipment were damaged in the Renesas fire
Next

All Comments (0)

Back
No Comment.

Top Post

Fire broke out at AKM factory in Japan
Mouser Electronics expands to the Philippines with local customer service center
Qualcomm ranked first in the world's top ten IC design companies
Analyze the key factors and prospects of electronic components shortage from the perspective of wafer industry
What is the root cause of the decline of the Japanese semiconductor industry?
ST releases price increase notice

Subscribe SemiMedia

Please check your E-mail to confirm the subscribtion.

Related posts

SEMI warns HBM growth could tighten silicon wafer supply despite stagnant shipments

SEMI warns HBM growth could tighten silicon wafer supply despite stagnant shipments

August 13, 2025
0
Magnachip CEO resigns as company considers sale and halves capital expenditure

Magnachip CEO resigns as company considers sale and halves capital expenditure

August 13, 2025
0
South Korea’s semiconductor exports hit record for fourth consecutive month in July

South Korea’s semiconductor exports hit record for fourth consecutive month in July

August 13, 2025
0
Japan’s Rapidus faces hurdles in 2nm mass production despite milestone

Japan’s Rapidus faces hurdles in 2nm mass production despite milestone

August 12, 2025
0
Copyright © 2017-2025 SemiMedia. Designed by nicetheme.
  • Please set up your first menu at [Admin -> Appearance -> Menus]
  • electronic components news
  • Electronic components supplier
  • Electronic parts supplier
  • Infineon
  • Electronic component news
  • Renesas
  • Vishay
  • STMicroelectronics
  • NXP
  • TDK

SemiMediaEdit

Administrator