# SK Hynix completes acquisition of Key Foundry

SK Hynix completed the acquisition of Key Foundry from Magnus Semiconductor for 575.8 billion won. Key Foundry offers contract production of power management ICs, display driver ICs and microcontroller units with 8-inch wafers.

- Type: Acquisition
- Announced: 2022-08-02
- Where: South Korea
- Value: $440.0M (575.8B KRW)
- Status: completed
- Products: power management ICs, display driver ICs, microcontroller units
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [SK Hynix](https://endata.com/companies/2769.md) (acquirer)
- [Key Foundry](https://endata.com/companies/55853.md) (target)
- [Magnus Semiconductor](https://endata.com/companies/64499.md) (partner)

## Sources

- [thelec.net](https://www.thelec.net/news/articleView.html?idxno=4144), 2022-08-02: "SK Hynix said on Tuesday that it has completed the acquisition of Key Foundry."

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