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Hyundai Mobis to acquire semiconductor division of Hyundai Autron · Endata

◂ Announcements

Dec 11, 2020ACQUISITIONSouth Korea

Hyundai Mobis to acquire semiconductor division of Hyundai Autron

Hyundai Mobis agreed to acquire the semiconductor division of affiliate Hyundai Autron for 133.2 billion won ($122 million) to enhance its automotive electronics development capabilities. The acquisition will take place on January 1, 2021.

Value

$122.0M (133.2B KRW)

Status

Announced

Productsautomotive semiconductorselectronic control units

CompaniesHyundai Mobis acquirer Hyundai Autron target

Sectors#Automotive Components #Semiconductors and Industrial Electronics

“Integration of developing the controller and the semiconductor for each system is expected to create a synergy effect.”koreajoongangdaily.com

1 source
koreajoongangdaily.comHyundai Mobis to buy semiconductor divisionJIN EUN-SOODec 11, 2020

Summarized from public sources; check the original articles before acting on it.

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