MagnaChip Semiconductor of Korea has sold its foundry business to a financial consortium for $435 million turning itself into a pure-play standard products company. $344 million will be paid in cash and applied to reducing MagnaChip’s debt and strengthening its balance sheet. The purchasing company, SPC, is owned by a project fund of which Alchemist ...
This story continues at MagnaChip divests foundry business
Or just read more coverage at Electronics Weekly