Adidas said it does not tolerate antisemitism and any other sort of hate speech.
The "White Lives Matter" T-shirt design that Mr West showed at Paris Fashion Week was put under scrutiny.
Anti-Semitic comments were posted on his account.
His products will be removed from the market immediately.
The collaboration with Ye was one of the most successful in the company's history.
Adidas will make a net loss of over two hundred million dollars in the year 2022.
Ye had accused Adidas of plagiarizing his designs in a now- deleted post.
Adidas stated that it does not tolerate hate speech. The company's values of diversity and inclusion, mutual respect and fairness have been violated by Ye's actions.
Ye's account was suspended by social media after he made anti-Semitic comments. Bank JP Morgan and clothing retailer Gap ended their relationship with Ye recently.
Gap was accused of failing to open stores for his fashion label.
Gap said in a statement on Tuesday that it would be removing products from its stores and that it had shut down the website.
Racist, antisemitism, and hate in any form are not acceptable. Gap said on its social media accounts that they are partnering with organizations that fight discrimination.
Although Adidas put its relationship under review after Ye showed his "White Lives Matter" T-shirt, the company did not say it was the reason for the review.
The partnership was put under review after it was accused of plagiarizing Ye's designs.
The term "Black Lives Matter" was used after George Floyd was killed by a police officer in Minneapolis. It has since become a political and social movement that tries to highlight racism experienced by black people.
The Creative Artists Agency cut ties with Ye in October.
The documentary on the rapper won't be aired by the company.
Kanye is a musician. The lie that Jews are evil and that they will control the world for their own benefit has been around for over 3000 years. "As leaders of this company, we feel duty bound to say to all of you that this is a terrible use of false logic."
After the announcement, shares in Adidas fell but have since rebounded.
In its last financial forecast in October, Adidas warned that the decline in its business in China, along with lower consumer demand in major Western markets, have put pressure on its profit forecasts for the next four years. The brand announced in August that Rorsted would be leaving in three years.
The Campaign Against Antisemitism said that Adidas has joined other brands and agencies. This would not have happened if it weren't for the almost 175,000 people who signed our petition and the celebrities and other people who helped spread the word.
Forbes magazine has a list of billionaires. Ye's net worth has been cut in half according to the magazine.
Ye's representatives have been contacted by the British Broadcasting Corporation.
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