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Magnachip Announces Strategic Investment by Navitas Semiconductor

  • Navitas Semiconductor Corporation agreed to make a $5 million strategic equity investment in Magnachip Semiconductor Corporation.
  • Under the stock purchase agreement, Magnachip will issue 1,461,988 common shares to Navitas at $3.42 per share.
  • The transaction is expected to close on or about September 24, 2026, subject to customary closing conditions.
  • The investment strengthens a partnership announced in July 2026 to accelerate silicon carbide technology adoption in high-voltage markets.
  • Magnachip is licensing Navitas' GeneSiC™ Trench-Assisted Planar™ technology for applications ranging from 1,200 V to 3,300 V \& higher.
  • Magnachip will access Navitas' SiC supply chain to port, qualify, \& internalize the technology at its South Korea fabrication facility.
  • The collaboration targets applications in energy infrastructure, energy storage, industrial electrification, automotive, \& other high-power systems.
  • Both companies aim to combine Navitas' SiC technology with Magnachip's silicon power capabilities to develop differentiated next-generation solutions.
  • Additional transaction details will be disclosed in a Form 8-K filing with the U.S. Securities and Exchange Commission.