Magnachip Announces Strategic Investment by Navitas Semiconductor
Navitas Semiconductor has agreed to make a $5 million strategic equity investment in Magnachip, purchasing 1,461,988 shares at $3.42 per share under a privately negotiated stock purchase agreement, with closing expected on or about September 24, 2026. The investment builds on the July 2026 partnership under which Magnachip is licensing Navitas' GeneSiC trench-assisted planar technology for 1,200V, 2,300V, 3,300V and higher-voltage applications, and gaining access to Navitas' SiC supply chain with plans to qualify and internalize the technology at Magnachip's South Korea fabrication facility.
Key figures
- Deal Value Usd
- 5000000
- Offering Price
- 3.42
- Shares Offered
- 1461988
- Expected Close
- on or about September 24, 2026
- Voltage Classes
- 1,200 V, 2,300 V, 3,300 V and higher-voltage applications
- Licensed Technology
- GeneSiC Trench-Assisted Planar
AI analysis
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