Wise Road Capital and Magnachip terminated the $1.4bn deal.

Wise Road Capital, a private equity firm, and Magnachip Semiconductor, the South Korean display and power solutions provider, terminated the $1.4bn deal. "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. This outcome does not impact the sound long term fundamentals of our business and our ability to accelerate our MX 3.0 strategy. I would like to thank our customers for their ongoing trust and Magnachip's employees for their commitment to delivering industry-leading products," YJ Kim, Magnachip CEO.