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
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

Cheongju-si, Luxembourg
Category Company
Founded 2003
Sector Semiconductors
Employees891
Revenue 230M USD (2023)
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 Cheongju-si, 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
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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