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📢 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.”