# LX Group seeks to acquire Magnachip Semiconductor

South Korea's LX Group is looking to acquire US-listed Magnachip Semiconductor Corp. to create synergy with its foundry affiliate LX Semicon. The deal could be valued at up to 1 trillion won.

- Type: Acquisition
- Announced: 2022-04-26
- Where: South Korea
- Status: rumored
- Products: display driver ICs, automotive chips, silicon carbide power chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Magnachip Semiconductor](https://endata.com/companies/32126.md) (target)
- [LX Group](https://endata.com/companies/62522.md) (acquirer)
- [LX Semicon](https://endata.com/companies/62523.md) (partner)

## Sources

- [kedglobal.com](https://www.kedglobal.com/us/mergers-acquisitions/newsView/ked202204260015), 2022-04-26: "South Korea's LX Group is looking to acquire US-listed Magnachip Semiconductor Corp. to create synergy with the group's foundry affiliate."

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