Navitas Semiconductor Agrees To Make $5M Strategic Equity Investment In Magnachip

Navitas Semiconductor Corporation has agreed to make a $5 million strategic equity investment in Magnachip Semiconductor Corporation. Magnachip will issue 1,461,988 shares of its common stock to Navitas at a price of $3.42 per share, with the transaction expected to close around September 24, 2026. This investment strengthens the partnership between the two companies, which aims to accelerate the adoption of silicon carbide technologies in power markets.