# Magnachip and Wise Road Capital terminate merger agreement

Magnachip Semiconductor and Wise Road Capital mutually terminated their merger agreement after failing to obtain CFIUS approval. Wise Road will pay a $70.2 million termination fee.

- Type: Acquisition
- Announced: 2021-12-13
- Where: United States
- Value: $70.2M
- Status: cancelled
- Products: semiconductor products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Wise Road Capital](https://endata.com/companies/5996.md) (acquirer)
- [Magnachip Semiconductor](https://endata.com/companies/32126.md) (target)

## Sources

- [magnachip.com](https://www.magnachip.com/withdrawal-of-cfius-filing-and-mutual-termination-of-merger-agreement/), 2021-12-14: "While we are disappointed by the termination of our merger agreement, we are confident that Magnachip remains well positioned to create value for our shareholders as an independent public company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.