MagnaChip Semiconductor MX shares are trading higher on Tuesday, after the company announced an agreement to sell its Foundry Services Group business and Fab 4 factory for $435 million.
MagnaChip Semiconductor Corp designs and manufactures analog and mixed-signal semiconductor platform solutions. The company's product portfolio consists of large display solutions, mobile display solutions, sensor solutions, LED solutions, mobile solutions, and power conversions.
MagnaChip Semiconductor shares were trading up 21.89% at $11.47 on Tuesday. The stock has a 52-week high of $16.06 and a 52-week low of $6.30.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
