Magnachip will be acquired by Wise Road Capital for $1.4 billion, taking the NYSE-listed company private. The company designs and manufactures OLED display driver ICs and a range of power management discretes and ICs. Magnachip's management team and employees are expected to continue in their roles, and the company will remain based in Cheongju, Seoul, and Gumi, South Korea. The all-cash transa...
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