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MagnaChip (MX +8.8%) jumps after announcing earlier that its Korean subsidiary is acquiring...

MagnaChip (MX +8.8%) jumps after announcing earlier that its Korean subsidiary is acquiring Dawin Electronics, a privately held South Korean semiconductor company that designs and manufactures Insulated Gate Bipolar Transistor, Fast Recovery Diode and MOSFET modules. Terms of the deal were not disclosed.
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