Navitas to invest $5M in Magnachip at $3.42/share; deepens SiC partnership

MAGNACHIP SEMICONDUCTOR Corp

Navitas to buy 1,461,988 Magnachip shares at $3.42 for $5M; close ~Sept 24, 2026.
Follows July 2026 licensing of Navitas GeneSiC Trench-Assisted Planar tech for 1,200V+ apps.
Magnachip to port, qualify, internalize SiC tech at South Korea fab; targets energy, storage, auto.
Magnachip to file S-3 resale registration within 30 days of closing; use proceeds for partnership.
CEOs cite aligned interests and broader collaboration beyond initial GeneSiC license.

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