Navitas to buy 1,461,988 MagnaChip shares for USD 5 million in strategic investment

Bitget2026/09/21 11:01

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Navitas agreed to invest USD 5 million in MagnaChip via a private equity purchase.
Magnachip will issue 1,461,988 common shares to Navitas at USD 3.42 per share.
Closing is expected on or about Sept. 24, 2026, subject to customary conditions.
Investment deepens a SiC partnership built around licensing Navitas’ GeneSiC Trench-Assisted Planar technology for high-voltage power devices.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MagnaChip Semiconductor Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202609210700BIZWIRE_USPR_____20260921_BW532903) on September 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Navitas to buy 1,461,988 MagnaChip shares for USD 5 million in strategic investment

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