Magnachip up for sale again, contacts Samsung, LG, LX

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Magnachip listed on the New York Stock Exchange has selected a foreign investment bank as an advisor for the sale and has held talks with potential buyers including South Korea’s Samsung Electronics Co., LG Electronics Inc., LX Group, Doosan Group and DB HiTek Co., according to investment banking industry sources in Seoul.

Doosan Group is also expected to compete for the takeover of chipmaker as the conglomerate aims to foster its semiconductor back-end process affiliate Doosan Tesna Inc., industry sources saidWonik Corp., a small Korean semiconductor company, and DB HiTek are also said to be interested in Magnachip, the sources added.

South Korean chipmaker Magnachip Semiconductor Corp.has been put on the market for sale again four years after the US blocked a takeover by a Chinese private equity firm, people familiar with the matter said on Sunday.

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Category: Economy

Markets: South KoreaChina

Topics: Magnachip Firm Billion Korean Chinese Equity Sources Industry South Group Private

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 17:20:52 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 23 lines

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Copyright Owner: © Korea Economic Daily

News ID: 25718977

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