$MX Magnachip Semiconductor touted for sale.

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Magnachip Semiconductor Corporation (NYSE:MX)

NYSE:MX Magnachip Semiconductor Corporation

Speculation is rife today regarding the acquisition of MX Semi by Sk Hynix. Both companies have refused to comment on this speculation but it has had significant influence on the stock price action today. SK Hynix is the second largest memeory chip maker in the world and its is seen that this acquisition is just another en devour today challenge the number one manufacturer, Samsung for more market share.

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