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The US and South Korea sell Magnachip to Chinese funds

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Magnachip Semiconductor Corp. may not be a household name to most of our readers, but the company has become another front in the ongoing semiconductor trade war between China and the rest of the world. Regulators in South Korea and the United States recently blocked the sale of Magnachip to Wise Road Capital, a Chinese private equity investment fund, in order to limit China’s access to advanced chip technology.

The Committee on Foreign Investment in the United States (CFIUS) at the end of last month ask The company disclosed in a statement that Magnachip will suspend its acquisition of Wise Road Capital until the government conducts a full review of the transaction. Report on June 17According to reports, the company faces more obstacles in this transaction because South Korean regulators label Magnachip OLED DDIC as a “national core technology” EE eraConsidering that Magnachip provides its DDIC to various OLED screen manufacturers in South Korea, the regulator’s assessment may be correct.

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