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

|About: MagnaChip Semiconductor Cor... (MX)|By:, SA News Editor

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.