Magnachip Semiconductor Corporation entered into a Stock Purchase Agreement with Navitas Semiconductor Corporation to issue and sell 1,461,988 shares of common stock at $3.42 per share for an aggregate purchase price of $5,000,000. The transaction closed on or about September 24, 2026, subject to customary conditions. This strategic equity investment deepens the partnership between the companies, which previously announced a licensing agreement in July 2026 for Navitas’ GeneSiC™ technology to accelerate silicon carbide adoption in high-voltage markets. Magnachip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions.
