Magnachip Semiconductor to Get $5 Million Investment From Navitas

07:25 AM EDT, 09/21/2026 (MT Newswires) -- Magnachip Semiconductor (MX) said Monday that Navitas Semiconductor (NVTS) will invest $5 million in the company. Under the agreement, Magnachip said it will sell about 1.5 million common shares to Navitas at $3.42 apiece. The deal is expected to close around Thursday, the company said. Shares of Magnachip and Navitas were up 14.9% and 3.2%, respectively, pre-bell Monday.