Navitas Invests $5 Million in Magnachip to Expand SiC Power Semiconductor Partnership

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 […]