Technology

US and South Korea block sale of Magna Chip to Chinese fund

Magnachip Semiconductor Corp. may not be a common name for the majority of our readers, but the company is an ongoing semiconductor between China and, well, essentially the rest of the world. It has become just another front line of the trade war. South Korean and US regulators have recently blocked the sale of Magna chips to China’s private-equity investment fund, Wise Road Capital, in order to limit access to China’s advanced chip technology.

Committee on Foreign Investment in the United States (CFIUS) at the end of last month Asked Magnachip has announced that it will suspend its acquisition by Wise Road Capital until a complete review of the government’s deal has been completed. June 17 application.. The company reports that it faced further hurdles in the deal as South Korean regulators labeled the Magnachip OLED DDIC as a “national core technology.” EE Times.. With Magnachip supplying DDIC to various OLED screen manufacturers in South Korea, regulators may be right in their assessment.

https://www.tomshardware.com/uk/news/magnachip-wise-road-deal-stalled-by-regulators US and South Korea block sale of Magna Chip to Chinese fund

Back to top button