# MagnaChip sells foundry business and plant for $435 million

MagnaChip Semiconductor Corp. signed a deal to sell its foundry business and a plant in Cheongju, South Korea, for $435 million to a special purpose company set up by Alchemist Capital Partners Korea and Credian Partners, with SK hynix owning 49.8%.

- Type: Acquisition
- Announced: 2020-03-31
- Where: Cheongju, South Korea, South Korea
- Value: $435.0M
- Jobs: 1,500
- Status: announced
- Products: analog and mixed-signal semiconductors, foundry services
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Magnachip Semiconductor](https://endata.com/companies/32126.md)
- [SK Hynix](https://endata.com/companies/2769.md) (investor)
- [Alchemist Capital Partners Korea](https://endata.com/companies/46216.md) (acquirer)
- [Credian Partners](https://endata.com/companies/46217.md) (acquirer)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20200331006300320), 2020-03-31: "We have decided to sell the foundry business to a company able to realize economies of scale in order to focus on the display and electricity solutions businesses."

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