# SK Hynix to invest in PE fund to acquire MagnaChip's foundry business

SK Hynix plans to invest about 200 billion won as a limited partner in a PE fund managed by Alchemist Capital Partners to acquire MagnaChip's foundry business for roughly 400 billion won.

- Type: Acquisition
- Announced: 2020-03-19
- Where: South Korea
- Value: $320.0M (400.0B KRW)
- Status: announced
- Products: foundry services, semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [SK Hynix](https://endata.com/companies/2769.md) (investor)
- [Magnachip Semiconductor](https://endata.com/companies/32126.md) (target)
- [Alchemist Capital Partners](https://endata.com/companies/46044.md) (partner)

## Sources

- [thebell.co.kr](https://www.thebell.co.kr/front/newsview.asp?key=202003191747111880104355), 2020-03-19: "A buyout of the business would make SK Hynix less agile in the highly uncertain economic environment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.