Magnachip will gain access to Navitas’ SiC supply chain and materials ecosystem
Navitas Semiconductor has agreed to make a $5 million strategic equity investment in Magnachip Semiconductor, strengthening their partnership to expand silicon carbide (SiC) technologies for high-voltage and ultra-high-voltage power applications.
Under the agreement, Magnachip will issue 1,461,988 common shares to Navitas at $3.42 per share. The transaction is expected to close on or around September 24, 2026, subject to customary closing conditions.
The investment follows a partnership announced in July 2026 under which Magnachip agreed to license Navitas’ GeneSiC Trench-Assisted Planar technology for 1,200V, 2,300V, 3,300V and higher-voltage applications.
As part of the partnership, Magnachip will gain access to Navitas’ SiC supply chain and materials ecosystem. It plans to port, qualify, and internalise the technology at its fabrication facility in South Korea.
The companies are initially targeting applications in energy and grid infrastructure, energy storage, industrial electrification, automotive and other high-power systems. The partnership may also expand into broader technology and product collaboration.
“Navitas’ investment represents an important next step in our strategic partnership and demonstrates a shared commitment to the opportunities we are pursuing together,” said Chae Lee, CEO of Magnachip.
Chris Allexandre, President and CEO of Navitas, said the investment reflects the company’s confidence in its relationship with Magnachip and the potential of combining their complementary technologies for high-voltage and ultra-high-voltage applications.
The companies said the combination of Navitas’ SiC technology with Magnachip’s silicon power technologies and manufacturing capabilities could support the development of differentiated power semiconductor solutions for emerging customer requirements.
