MagnaChip Semiconductor Corp (NYSE:MX)
$ 5.12 0.09 (1.79%) Market Cap: 195.93 Mil Enterprise Value: 56.81 Mil PE Ratio: 0 PB Ratio: 0.61 GF Score: 61/100

MagnaChip Semiconductor Corp at Citi Global Technology Conference (Virtual) Transcript

Sep 08, 2020 / 11:05AM GMT
Release Date Price: $12.91 (-0.77%)
Atif Malik
Citigroup Inc. Exchange Research - Research Analyst

Okay. Welcome to Day 1 of Citi Virtual Technology Conference. My name is Atif Malik. I cover U.S. semiconductors and equipment stock here at Citi. It's my pleasure to welcome YJ Kim, CEO of MagnaChip; as well as Young-Soo, CFO at MagnaChip. I'll open it up with my questions first, and then we'll have the audience type in their questions via Zoom chat. Welcome, YJ.

Questions & Answers

Atif Malik
Citigroup Inc. Exchange Research - Research Analyst

YJ, MagnaChip completed the sales of Foundry Services Group last week. Can you remind us with the financial details of the transaction?

Young;Joon Kim
MagnaChip Semiconductor Corporation - CEO & Director

Yes, thank you. So we announced the successful completion of Foundry business and fared for sale on September 1. The purchase price, approximately $350.6 million including working capital adjustment of approximately $5.9 million. Buyer assumed all severance liabilities of

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