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

Investment deepens strategic partnership and supports development of differentiated next-generation power semiconductor solutions

Magnachip Semiconductor Corporation (NYSE:MX) ("Magnachip" or the "Company"), a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions, today announced that Navitas Semiconductor Corporation (NASDAQ:NVTS) ("Navitas") has agreed to make a $5 million strategic equity investment in Magnachip.

Under the terms of a privately negotiated stock purchase agreement, Magnachip will issue and sell 1,461,988 shares of its common stock to Navitas at a purchase price of $3.42 per share, for aggregate proceeds of $5 million. The transaction is expected to close on or about September 24, 2026, subject to the satisfaction or waiver of customary closing conditions.

The investment builds on the growing strategic partnership between Magnachip and Navitas following the announcement in July 2026 to accelerate the adoption of silicon carbide technologies in high-voltage and ultra-high-voltage power markets.