HONG KONG (S&P Global Ratings) April 1, 2020--S&P Global Ratings today said that MagnaChip Semiconductor Corp.'s plan to sell its foundry business and its Fab 4 manufacturing facility should help improve its financial metrics and materially alleviate any liquidity pressure over the next 12 to 18 months. However, the sale will reduce MagnaChip's scale and market position and make the company's performance highly concentrated to its display and power solutions businesses. We view the sales as a modest credit positive overall given the large cash proceeds and upcoming debt maturities. The rating is unaffected (B-/Stable/--). On March 31, 2020, MagnaChip announced that it has entered into an agreement to sell the company's foundry services business and the factory in Cheongju
