M&A Deal Summary

Key Foundry Acquires MagnaChip Semiconductor - Foundry Business and Fab 4

On September 1, 2020, Key Foundry acquired semiconductors company MagnaChip Semiconductor - Foundry Business and Fab 4 from MagnaChip for 351M USD

Acquisition Highlights
  • This is Key Foundry’s 1st transaction in the Semiconductors sector.
  • This is Key Foundry’s largest (disclosed) transaction.
  • This is Key Foundry’s 1st transaction in Luxembourg.

M&A Deal Summary
Date 2020-09-01
Target MagnaChip Semiconductor - Foundry Business and Fab 4
Sector Semiconductors
Buyer(s) Key Foundry
Sellers(s) MagnaChip
Deal Type Divestiture
Deal Value 351M USD

Target

MagnaChip Semiconductor - Foundry Business and Fab 4

Luxembourg
MagnaChip Semiconductor Ltd.'s Foundry Business and Fab 4 comprises the company's foundry services group and the factory in Cheongju ("Fab 4") the larger of the Company's two 8" manufacturing facilities.

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Buyer(S) 1

Buyer

Key Foundry

Cheongju, South Korea

website

Category Company
Founded 2020
Sector Semiconductors
DESCRIPTION

Key Foundry is a dedicated semiconductor foundry specializing in analog ICs in particular, providing stable and high-performance devices. Key Foundry was established in 2020 and is headquartered in Cheongju, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
Country (Luxembourg) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

MagnaChip

Luxembourg, Luxembourg

website

Category Company
Founded 2004
Sector Semiconductors
Employees890
Revenue 474M USD (2021)
DESCRIPTION

MagnaChip is a designer, developer and manufacturer of mixed-signal and digital multimedia semiconductors. It focuses on CMOS image sensors and flat panel display drivers designed for a wide variety of consumer electronics applications such as mobile handsets, flat panel televisions, computer monitors, digital cameras and PDAs. Magnachip Semiconductor was founded in 2004 and is based in Luxembourg, Luxembourg.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
Country (Luxembourg) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-27 DAWIN Electronics

Incheon-City, South Korea

DAWIN Electronics Corp. is a privately held semiconductor company that designs and manufactures Insulated Gate Bipolar Transistor (IGBT), Fast Recovery Diode (FRD) and MOSFET modules.

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