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Magnachip Semiconductor Stock Surges 27% Premarket on Navitas Strategic Investment
Read this in the Market Flux appMagnaChip Semiconductor $MX
$3.20+16.35%as of publication
- 5D Change
- +10.71%
- Notional
- $13.99M
Magnachip Semiconductor shares surged roughly 27.3% in premarket trading on Monday, September 21, after the company announced a strategic investment by Navitas Semiconductor, the Nasdaq-listed power semiconductor firm known for its gallium nitride and silicon carbide platforms.
The announcement builds on an existing relationship between the two companies. In July 2026, Navitas and Magnachip announced a licensing partnership giving Magnachip access to Navitas' GeneSiC Gen 4 and Gen 5 silicon carbide technology spanning 1,200 V, 2,300 V, 3,300 V and higher voltages, targeting energy and grid infrastructure, energy storage, industrial electrification, and automotive markets in Korea. The September announcement deepens that relationship through a direct equity investment by Navitas in Magnachip.
The move positions Magnachip to expand its power semiconductor business using Navitas' advanced SiC materials and supply chain ecosystem, with the Korea-based chipmaker serving as a manufacturing and distribution partner for high-voltage applications across major industrial and automotive end markets.
© AI-generated summary is provided by Market Flux
Sources
- TheTradeXchange$MX Magnachip Announces Strategic Investment by Navitas Semiconductor
- OpenOutcrier$MX (+27.3% pre) Magnachip Announces Strategic Investment by $NVTS Navitas Semiconductor
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