🟢 Navitas Semiconductor is trading 6% up today after $5 million Magnachip investment

Navitas Semiconductor is trading 6.12% up now at $12.01 after announcing a $5 million strategic equity investment in Magnachip Semiconductor.

• The deal involves purchasing 1,461,988 Magnachip shares at $3.42 each and is expected to close around September 24, 2026.
• The investment strengthens their silicon-carbide partnership for high-voltage and ultra-high-voltage applications.
• Broader risk-on sentiment and semiconductor strength are also supporting the move.