<p>➀ South Korea's Magnachip Semiconductor is seeking to sell after failing to close a $1.4 billion acquisition deal with China's Zhi Lu Capital in 2021 due to U.S. intervention.</p><p>➁ Magnachip's stock has been declining due to the long-term downturn in the global display industry, with its market value now at $150.7 million and expected sale price at $27.3 million.</p><p>➂ Sumco, a Japanese silicon wafer manufacturer, plans to stop silicon wafer production at its Miyazaki factory by the end of 2026, transforming it into a factory for producing single crystal ingots.</p>
Related Articles
- GlobalFoundries and UMC Merger Speculation: UMC Respondsabout 2 months ago
- Intel's board gets industry-focused as three directors will not seek re-election — badly needed shift to deeper tech experience2 months ago
- EV Semiconductor Investment Slows Down, Japanese, American, and European Companies Lay Off Workers2 months ago
- Domestic SiC Companies Collaborate, Focusing on 8-Inch Wafer Manufacturing2 months ago
- SoftBank's 65 Billion USD Acquisition of Ampere: The Reason Behind the Surprise Move2 months ago
- Magnachip adds 25 SJ MOSFETs2 months ago
- He, 65, Takes the Reins of the 'King of Chips'3 months ago
- A Multi-Billion Yuan Chip Merger Falls Through3 months ago
- Lip-Bu Takes Intel CEO Reins With A Focus On Winning Through Engineering3 months ago
- Allegro MicroSystems Appoints Rick Madormo as Senior Vice President of Worldwide Sales3 months ago