Navitas to buy 1,461,988 MagnaChip shares for USD 5 million in strategic investment - MX News | RalliesNavitas to buy 1,461,988 MagnaChip shares for USD 5 million in strategic investment
M
MX• Navitas strategic investment in MagnaChip
- 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.
