$MX Magnachip Semiconductor is touted for sale.

Speculation is rife today regarding SK Hynix is preparing to make a move for the acquisition of a part of MX semi. This is very much a developing story and has given the price a nice pop today. SK Hynix is the second largest memory chip manufacturer in the world, trailing behind Samsung and this is seen as another step to challenge their dominance. It this deal has foundation the share price should be well above current levels.