Global Trade & Foreign Policy Insights
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September 14, 2021
|1 min read
Chinese PE Firm and Magnachip Ask CFIUS for More Time to Save Semiconductor Deal
In an earlier client alert, we noted that Wise Road Capital’s proposed acquisition of Magnachip Semiconductor Corporation was on life support: the Committee on Foreign Investment in the United States (CFIUS) had issued a Due Process letter, and the transaction parties could either abandon the transaction or allow the matter to be referred to the President, who would likely block it.
August 31, 2021
|4 min read
CFIUS Is Preparing to Block China from Acquiring Magnachip Semiconductor Corporation
Earlier this year, Wise Road Capital, a Chinese private equity firm, entered into an agreement to purchase Magnachip Semiconductor Corporation, a South Korean chip manufacturer. On August 27, 2021, Magnachip submitted an SEC filing indicating that the Committee on Foreign Investment in the United States is preparing to block the deal.
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Global Trade & Foreign Policy Insights addresses rapidly evolving U.S. foreign policy and its impact on cross-border trade. We address the impact on financial services, supply chains, and manufacturing. We also cover the international community’s response to U.S. foreign policy.
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