SK Hynix buys MagnaChip foundry business, Fab 4: Page 2 of 2

March 31, 2020 // By Peter Clarke
SK Hynix buys MagnaChip foundry business, Fab 4
Analog, power and mixed-signal chip vendor MagnaChip Semiconductor Corp. (Seoul, South Korea) is selling its foundry business and the larger of its two 200mm wafer fabs to a consortium that includes memory chip company SK Hynix.

MagnaChip will continue to operate its 200mm Fab 3, located in Gumi, Korea used primarily to manufacture wafers for power standard products and non-OLED display products.

The transaction is expected to close within approximately four to six months, subject to customary closing conditions.

MagnaChip announced that it had begun a strategic evaluation of the company's foundry business and of the future for Fab 4 in Cheongju, in February 2019. Fab 4 is an analog and mixed signal fab responsible for 73 percent of MagnaChip's total capacity. MagnaChip is also a producer of standard products, but could opt to outsource manufacturing to whoever is the eventual owner of Fab 4 and the foundry business as well as to other sources.

MagnaChip was founded in 2004 by the spin-off of the non-memory chip unit of Hynix Semiconductor, owned by Citigroup Venture Capital Equity Partners L.P., CVC Asia Pacific Ltd. and Francisco Partners. MagnaChip, inherited business lines from Hynix that included: CMOS image sensors, LCD drivers and foundry services.

Related links and articles:

News articles:

Korea's MagnaChip shuts wafer fab

SK Hynix mulls buying MagnaChip fab, foundry business

MagnaChip makes standardization push for OLED touch interfaces

New York investor offers to buy Korea's MagnaChip

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