Magnachip Semiconductor has secured a $5 million strategic equity investment from Navitas Semiconductor, deepening a technology partnership focused on high-voltage and ultra-high-voltage silicon carbide power semiconductor products.
Under a privately negotiated stock purchase agreement, Magnachip will issue approximately 1.462 million common shares to Navitas at $3.42 per share.
The transaction is expected to close on or around September 24, subject to customary conditions.
The investment follows a strategic collaboration announced in July 2026 to accelerate adoption of silicon carbide technology across high-power applications.
Under that partnership, Magnachip is licensing Navitas’ GeneSiC Trench-Assisted Planar technology for 1,200-volt, 2,300-volt, 3,300-volt and higher-voltage applications.
Magnachip is also gaining access to Navitas’ silicon carbide supply chain and materials ecosystem.
The company plans to port, qualify and ultimately internalize the technology at its fabrication facility in South Korea.
Initial target markets include grid and energy infrastructure, energy storage, industrial electrification, automotive systems and other high-power applications.
The companies also plan to explore broader product and technology collaboration beyond the initial GeneSiC licensing arrangement.
For Magnachip, the relationship provides a pathway into high-voltage silicon carbide markets while utilizing its existing semiconductor manufacturing infrastructure.
For Navitas, the equity investment further aligns it with a manufacturing partner capable of helping expand adoption of GeneSiC technologies.
KEY QUOTES:
“Navitas’ investment represents an important next step in our strategic partnership and demonstrates a shared commitment to the opportunities we are pursuing together.”
Chae Lee, CEO of Magnachip
“Our initial technology and licensing collaboration established a strong foundation. This investment further aligns our interests and reflects our shared belief that the combination of our complementary technologies can create new opportunities across high-voltage and ultra-high-voltage applications.”
Gene Sheridan, CEO and Co-Founder of Navitas Semiconductor
