# 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.

- Type: Acquisition
- Announced: 2022-05-17
- Where: South Korea
- Value: $21.0M (26.8B KRW)
- Status: announced
- Products: automotive application processors, semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Telechips](https://endata.com/companies/49972.md) (target)
- [LX Semicon](https://endata.com/companies/62523.md) (acquirer)

## Sources

- [newsway.co.kr](https://www.newsway.co.kr/news/view?ud=2022051717072212721), 2022-05-17: "LX Semicon has decided to acquire a 10.93% stake in Telechips to collaborate on automotive semiconductor R&D."

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