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LX Semicon acquires 10.93% stake in Telechips for KRW 26.8B · Endata

◂ Announcements

May 17, 2022ACQUISITIONSouth Korea

LX Semicon acquires 10.93% stake in Telechips for KRW 26.8B

LX Semicon has decided to acquire a 10.93% stake in Telechips for KRW 26.8 billion to collaborate on automotive semiconductor R&D.

Value

$21.0M (26.8B KRW)

Status

Announced

Productsautomotive application processorssemiconductors

CompaniesTelechips target LX Semicon acquirer

Sectors#Semiconductors and Industrial Electronics #Automotive Components

“LX Semicon has decided to acquire a 10.93% stake in Telechips to collaborate on automotive semiconductor R&D.”newsway.co.kr

1 source
newsway.co.krLX세미콘, 268억 규모 텔레칩스 지분 취득···"차량용 반도체 R&D 협력" - 뉴스웨이이지숙 기자May 17, 2022

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

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