Magnachip explores sale again, held talks with Samsung, others, KED says

Magnachip Semiconductor (MX) is exploring a sale four years after the U.S. blocked an acquisition of the chipmaker by a Chinese private equity firm, Korean Economic Daily’s Jun-Ho Cha reports, citing people familiar with the matter. The company, which has held talks with possible suitors such as Samsung (SSNLF), LG Electronics, LX Group, Doosan, and DB HiTek, is aiming to unload Magnachip Mixed-Signal, its wholly-owned DDI subsidiary, for now, leaving the door open for a sale of the whole company if the opportunity arises, the author notes. Shares of Magnachip are up over 17% near noon.