🟢 MagnaChip Semiconductor is trading 17.09% up today after Navitas agreed to a $5 million investment

MagnaChip Semiconductor is trading 17.09% up at $3.22 after Navitas Semiconductor agreed to make a $5 million strategic equity investment.

• MagnaChip will issue 1,461,988 shares at $3.42 each; closing is expected around September 24, 2026, subject to customary conditions.
• The investment extends the companies’ partnership focused on accelerating silicon-carbide technology adoption in high-voltage and ultra-high-voltage power semiconductor markets.