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About 10 billion yuan, another blockbuster acquisition in the semiconductor industry

Recently, Magnachip issued a press release on its official website stating that it agreed to be acquired by Wise Road Capital Ltd., a private equity investment company.

According to the terms of the agreement, Zhilu Capital will acquire Magnachip at a price of US$29 per share, with a transaction value of approximately US$1.4 billion (approximately RMB 9.158 billion). After the transaction is completed, Magnachip's management team and employees are expected to continue to hold positions, and the company will continue to stay in Cheongju City, Seoul, and Gumi City, South Korea.


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."

It is reported that the transaction is expected to be completed in the second half of 2021, subject to customary closing conditions, including receiving approval from shareholders and regulatory authorities.

According to data, Magnachip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial and automotive applications. The company has approximately 1,200 registered and pending patents, and has extensive engineering, design and manufacturing process expertise.

Wise Road Capital is a global professional equity investment institution. According to the official website, Wise Road Capital focuses on semiconductor core technology and other emerging high-end technology investment opportunities. Its investors include leading high-tech companies, large financial institutions and families in the world. Funds, etc. It is reported that Zhilu Capital has repeatedly participated in or led a number of overseas investment projects, including Anshi Semiconductor, Lingsheng Technology, and Hixih Communications.