Navitas invests $5 million in Magnachip semiconductor partnership
- Navitas Semiconductor (NASDAQ:NVTS) agreed to make a $5 million strategic equity investment in Magnachip Semiconductor (NYSE:MX).
- Magnachip will issue 1.46 million shares to Navitas at $3.42 per share.
- The investment expands a partnership focused on silicon carbide technology for high-voltage power applications.
Magnachip Semiconductor (NYSE:MX) announced that Navitas Semiconductor (NASDAQ:NVTS) will make a $5 million strategic equity investment in the company.
Under the privately negotiated stock purchase agreement, Magnachip will issue and sell 1,461,988 shares of common stock to Navitas at $3.42 per share, generating gross proceeds of approximately $5 million.
The transaction is expected to close on or around September 24, 2026, subject to customary closing conditions.
The investment builds on the companies’ existing strategic partnership announced in July 2026, which focuses on accelerating adoption of silicon carbide (SiC) technologies in high-voltage and ultra-high-voltage power markets.
As part of the partnership, Magnachip is licensing Navitas’ GeneSiC™ Trench-Assisted Planar™ technology for applications including 1,200 V, 2,300 V, 3,300 V and higher-voltage systems.
Magnachip will also gain access to Navitas’ SiC supply chain and materials ecosystem, with plans to qualify and integrate the technology at its semiconductor fabrication facility in South Korea.
The companies are targeting applications across energy infrastructure, grid systems, energy storage, industrial electrification, automotive technology and other high-power markets.
