Magnachip Semiconduct

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Navitas Semiconductor(NVTS.US) Navitas to Invest $5 Million in $Magnachip Semiconduct(MX.US) Magnachip, Deepening Power Semiconductor Partnership

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗡𝗮𝘃𝗶𝘁𝗮𝘀 will make a $𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 strategic equity investment in Magnachip.

➤ 𝗠𝗮𝗴𝗻𝗮𝗰𝗵𝗶𝗽 will issue 𝟭,𝟰𝟲𝟭,𝟵𝟴𝟴 shares at $𝟯.𝟰𝟮 per share.

➤ Transaction is expected to close around 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟰, 𝟮𝟬𝟮𝟲.

➤ Investment expands the companies' strategic 𝘀𝗶𝗹𝗶𝗰𝗼𝗻 𝗰𝗮𝗿𝗯𝗶𝗱𝗲 partnership.

➤ Magnachip is licensing Navitas' 𝗚𝗲𝗻𝗲𝗦𝗶𝗖™ 𝗧𝗿𝗲𝗻𝗰𝗵-𝗔𝘀𝘀𝗶𝘀𝘁𝗲𝗱 𝗣𝗹𝗮𝗻𝗮𝗿™ technology.

➤ Technology targets 𝟭,𝟮𝟬𝟬𝗩, 𝟮,𝟯𝟬𝟬𝗩, 𝟯,𝟯𝟬𝟬𝗩 and higher-voltage applications.

➤ Magnachip plans to internalize the technology at its 𝗦𝗼𝘂𝘁𝗵 𝗞𝗼𝗿𝗲𝗮 fab.

➤ Companies target 𝗲𝗻𝗲𝗿𝗴𝘆, grid, storage, industrial, automotive and high-power applications.

➤ Partnership could expand into broader 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 and product development.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Equity investment strengthens the alignment between 𝗡𝗮𝘃𝗶𝘁𝗮𝘀 and 𝗠𝗮𝗴𝗻𝗮𝗰𝗵𝗶𝗽.

➤ Could accelerate Magnachip's expansion into 𝗵𝗶𝗴𝗵-𝘃𝗼𝗹𝘁𝗮𝗴𝗲 𝗦𝗶𝗖 markets.

➤ Local manufacturing could broaden Magnachip's advanced 𝗽𝗼𝘄𝗲𝗿 𝘀𝗲𝗺𝗶𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗼𝗿 capabilities.

➤ Collaboration targets growing electrification and 𝗲𝗻𝗲𝗿𝗴𝘆 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿 demand.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗖𝗵𝗮𝗲 𝗟𝗲𝗲, Chief Executive Officer of Magnachip:

“Navitas’ investment represents an important next step in our strategic partnership and demonstrates a shared commitment to the opportunities we are pursuing together,” said Chae Lee, Chief Executive Officer of Magnachip. “By combining Navitas’ proven GeneSiC technology and materials ecosystem with Magnachip’s power semiconductor expertise, manufacturing capabilities and customer relationships, we believe we can accelerate our entry into attractive high-voltage and ultra-high-voltage markets. More importantly, we believe the combination of Navitas’ SiC technology with Magnachip’s silicon power technologies and manufacturing capabilities creates opportunities to develop a new generation of differentiated power solutions that address emerging customer needs that we believe are not adequately served by products available today. We look forward to deepening our collaboration as we execute our long-term growth strategy.”

𝗖𝗵𝗿𝗶𝘀 𝗔𝗹𝗹𝗲𝘅𝗮𝗻𝗱𝗿𝗲, President and Chief Executive Officer of Navitas:

“Magnachip is an important strategic partner for Navitas, and this investment reflects our confidence in the relationship and the value we believe the two companies can create together in the years ahead,” said Chris Allexandre, President and Chief Executive Officer of Navitas. “Our initial technology and licensing collaboration established a strong foundation. This investment further aligns our interests and reflects our shared belief that the combination of our complementary technologies can create new opportunities across high-voltage and ultra-high-voltage applications. We look forward to working closely with Magnachip to expand the adoption of advanced GeneSiC technologies and explore opportunities for broader technology and product collaboration.”

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Navitas Semiconductor(NVTS.US) Navitas Licenses GeneSiC Technology to Magnachip for High-Voltage Power Markets

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗡𝗮𝘃𝗶𝘁𝗮𝘀 and 𝗠𝗮𝗴𝗻𝗮𝗰𝗵𝗶𝗽 sign a 𝗚𝗲𝗻𝗲𝗦𝗶𝗖 technology licensing agreement.

➤ Magnachip gains access to 𝗚𝗲𝗻𝗲𝗦𝗶𝗖 𝗧𝗿𝗲𝗻𝗰𝗵-𝗔𝘀𝘀𝗶𝘀𝘁𝗲𝗱 𝗣𝗹𝗮𝗻𝗮𝗿 technology.

➤ Agreement covers 𝟭,𝟮𝟬𝟬𝗩, 𝟮,𝟯𝟬𝟬𝗩, 𝟯,𝟯𝟬𝟬𝗩, and higher-voltage platforms.

➤ Magnachip will access Navitas' 𝗦𝗶𝗖 supply chain and materials ecosystem.

➤ Technology will be qualified at Magnachip's 𝗦𝗼𝘂𝘁𝗵 𝗞𝗼𝗿𝗲𝗮 fabrication facility.

➤ Target markets include 𝗲𝗻𝗲𝗿𝗴𝘆, 𝗴𝗿𝗶𝗱, 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹, and 𝗮𝘂𝘁𝗼𝗺𝗼𝘁𝗶𝘃𝗲 applications.

➤ Initial focus is on the 𝗦𝗼𝘂𝘁𝗵 𝗞𝗼𝗿𝗲𝗮𝗻 market.

➤ Companies expect to announce additional 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 details later.

➤ 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 terms of the agreement were not disclosed.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗖𝗵𝗿𝗶𝘀 𝗔𝗹𝗹𝗲𝘅𝗮𝗻𝗱𝗿𝗲, President and CEO of Navitas:

“This strategic partnership with Magnachip reflects our long-term vision to broaden GeneSiC adoption across high-voltage and ultra-high-voltage power markets.”

𝗖𝗵𝗮𝗲 𝗟𝗲𝗲, Chief Executive Officer of Magnachip:

“This agreement opens an important new market opportunity for Magnachip in high-voltage and ultra-high-voltage SiC. The addition of GeneSiC technology complements our existing MOSFET and power semiconductor portfolio.”