{"id":984471,"date":"2026-07-23T19:36:36","date_gmt":"2026-07-23T23:36:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/navitas-and-magnachip-announce-strategic-partnership-to-accelerate-high-voltage-and-ultra-high-voltage-silicon-carbide-adoption\/"},"modified":"2026-07-23T19:36:36","modified_gmt":"2026-07-23T23:36:36","slug":"navitas-and-magnachip-announce-strategic-partnership-to-accelerate-high-voltage-and-ultra-high-voltage-silicon-carbide-adoption","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/navitas-and-magnachip-announce-strategic-partnership-to-accelerate-high-voltage-and-ultra-high-voltage-silicon-carbide-adoption\/","title":{"rendered":"Navitas and Magnachip Announce Strategic Partnership to Accelerate High-Voltage and Ultra-High-Voltage Silicon Carbide Adoption"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>License agreement provides\u00a0Magnachip\u00a0access to Navitas\u2019\u00a0GeneSiC\u2122 Gen 4 and Gen 5\u00a0SiC\u00a0technologies spanning 1200\u00a0V, 2300\u00a0V, 3300\u00a0V and\u00a0higher voltages, supported by Navitas\u2019 supply chain and materials ecosystem<\/em>\n      <\/p>\n<p align=\"center\">\n        <em>Targeting energy\u00a0and\u00a0grid infrastructure, energy storage, industrial electrification, automotive and other high-power systems in Korea<\/em>\n      <\/p>\n<p>TORRANCE, Calif. and SEOUL, South Korea, July  23, 2026  (GLOBE NEWSWIRE) &#8212; Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation GaNFast\u2122 gallium nitride (GaN) and GeneSiC\u2122 silicon carbide (SiC) power semiconductors, and Magnachip Semiconductor Corporation (NYSE: MX), a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions, today announced a strategic partnership to accelerate adoption of SiC technologies in high-voltage (HV) and ultra-high-voltage (UHV) power markets.\u00a0<\/p>\n<p>Under the terms of the agreement,\u00a0Magnachip\u00a0will license Navitas\u2019\u00a0GeneSiC\u2122\u00a0Trench-Assisted Planar<sup>\u2122<\/sup>\u00a0(TAP)\u00a0technology to enter the HV and UHV\u00a0SiC\u00a0markets. The license covers <em>1200\u00a0V, 2300\u00a0V, 3300\u00a0V and\u00a0higher voltage <\/em>GeneSiC\u00a0technologies, enabling\u00a0Magnachip\u00a0to build on Navitas\u2019 proven\u00a0SiC\u00a0device platforms for next-generation power conversion applications. \u00a0<\/p>\n<p>Magnachip\u00a0will also gain access to Navitas\u2019\u00a0SiC\u00a0supply chain and materials ecosystem, supporting faster market entry. At the same time,\u00a0the technology is\u00a0planned to be\u00a0ported, qualified, and internalized at\u00a0Magnachip\u2019s\u00a0fab\u00a0in\u00a0 South Korea. The companies expect this approach to help accelerate Magnachip\u2019s entry into\u00a0SiC\u00a0while\u00a0maintaining\u00a0continuity with Navitas\u2019 established technology and materials base.\u00a0The licensed technologies are expected to support next-generation applications including energy\u00a0and\u00a0grid infrastructure, energy storage, industrial electrification, automotive and other high-power systems.\u00a0<\/p>\n<p>The companies also\u00a0stated\u00a0that the agreement encompasses broader engagement beyond\u00a0SiC.\u00a0Additional\u00a0areas of partnership are expected to be detailed and announced\u00a0later.\u00a0<\/p>\n<p>\u201cThis strategic partnership with\u00a0Magnachip\u00a0reflects our long-term vision to broaden\u00a0GeneSiC\u00a0adoption across high-voltage and ultra-high-voltage power markets,\u201d said Chris Allexandre, President and CEO of Navitas. \u201cBy licensing our proven\u00a0GeneSiC\u00a0technologies and supporting\u00a0Magnachip\u00a0through our supply-chain and materials ecosystem, we are creating a path to scale advanced\u00a0SiC\u00a0solutions more rapidly while enabling a deeper, long-term collaboration between our companies.\u201d\u00a0<\/p>\n<p>\u201cThis agreement opens an important new market opportunity for\u00a0Magnachip\u00a0in high-voltage and ultra-high-voltage\u00a0SiC,\u201d said Chae Lee, Chief Executive Officer of\u00a0Magnachip. \u201cThe addition of\u00a0GeneSiC\u00a0technology complements our existing MOSFET and power semiconductor portfolio and positions\u00a0Magnachip\u00a0to serve customers that require higher efficiency, higher voltage capability and more reliable power conversion solutions.\u201d\u00a0<\/p>\n<p>For more information about the partnership and related products, please contact a Navitas representative or write to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Y832ckcTjj5kZCQW4W8rPo47DYiFof6W4EzfoU_AE4dTTexXaFVUMDhqdZL4bxXLusO5Tc_k03c0i-y38JMYotEHVldMa9pOs7IG4meFvCc=\" rel=\"nofollow\" target=\"_blank\">info@navitassemi.com<\/a>.\u00a0<\/p>\n<p>\n        <strong>Navitas Contact Information<\/strong>\n      <\/p>\n<p>Vipin Bothra<br \/>info@navitassemi.com<\/p>\n<p>\n        <strong>Navitas Investor Contacts<\/strong>\n      <\/p>\n<p>Leanne Sievers | Brett Perry | Shelton Group<br \/>sheltonir@sheltongroup.com<\/p>\n<p>\n        <strong>Magnachip Contact Information<\/strong>\n      <\/p>\n<p>Kyeongah Cho<br \/>pr@magnachip.com<\/p>\n<p>\n        <strong>Magnachip Investor Contact<\/strong>\n      <\/p>\n<p>Mike Bishop | Bishop IR, LLC<br \/>mike@bishopir.com<\/p>\n<p>\n        <strong>About Navitas<\/strong>\n      <\/p>\n<p>Navitas Semiconductor (Nasdaq: NVTS) is a next-generation power semiconductor leader in gallium nitride (GaN) and IC integrated devices, and high-voltage silicon carbide (SiC) technology, driving innovation across AI data centers, performance computing, energy and grid infrastructure, and industrial electrification. With more than 30 years of combined expertise in wide bandgap technologies, GaNFast\u2122 power ICs integrate GaN power, drive, control, sensing, and protection, delivering faster power delivery, higher system density, and greater efficiency. GeneSiC\u2122 high-voltage SiC devices leverage patented trench-assisted planar technology to provide industry-leading voltage capability, efficiency, and reliability for medium-voltage grid and infrastructure applications. Navitas has over 300 patents issued or pending and is the world\u2019s first semiconductor company to be CarbonNeutral\u00ae-certified.<\/p>\n<p>Navitas Semiconductor, GaNFast, GaNSense, GaNSafe, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited or affiliates. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.<\/p>\n<p>\n        <strong>About Magnachip Semiconductor<\/strong>\n      <\/p>\n<p>Magnachip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions for a range of applications including industrial, automotive, communications, consumer and computing. Magnachip\u2019s power solutions portfolio includes MOSFET and power IC technologies designed to improve power efficiency and system performance across high-value electronic systems.<\/p>\n<p>\n        <strong>Cautionary Statement Regarding Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release includes \u201cforward-looking statements\u201d within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are attempts to predict or indicate future events or trends or similar statements that are not a reflection of historical fact. Forward-looking statements are not predictions of actual future performance. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions and expectations. For Navitas, these and other risk factors are discussed in the Risk Factors section of its most recent annual report on Form 10-K, as updated in its most recent quarterly report on Form 10-Q, and in other documents filed with the SEC. Magnachip\u2019s risks are discussed in its most recent annual report on Form 10-K, as updated in its most recent quarterly report on Form 10-Q, and other documents filed with the SEC. If any of these risks materialize or if assumptions underlying forward-looking statements prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Statements may be identified by the use of words such as \u201cwe expect,\u201d \u201care expected to be,\u201d \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cseek,\u201d or other similar expressions. Forward-looking statements are made based on estimates and forecasts of financial and performance metrics, projections of market opportunity and current indications of customer interest, all of which are based on various assumptions. All such statements are based on current expectations of the management of Navitas and Magnachip<\/p>\n<p>\n        \n      <\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bwxDaPC39VnUuXc0LM9G2FwQKSSwCV8oEBAmlxB6hMwtcvOiTMCG63-h7N95RwXgMGe_4fMAM9Ivo4NpUqh2rPAfGnr3SYdqGgKvzQ9MiwLuk4O0_H7n68izhHxPTNe-ig3LcH5nlEq8HOHK3nsnHGPmQEhJsN5fXcIJGHEwpIwyV8S32LHHt_V-BUGwfcWOH9Doc2npeM_FZK9roAYra4Vhb3w7AOrCWOfq4IWRE065z9svGuU45PVOVS8G_uVkZXpt77ILqDqilBkwE9JFow==\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/6918420e-4157-4ff2-8510-67143d055ea5<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc2NzEyOSM3NzE4OTMzIzIyMTExNjM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ODQ2NmM5YjgtYzE4NS00YmI1LWE0ZmItNDgwYjk0ZjdjNDFiLTEyMjI3MTYtMjAyNi0wNy0yMy1lbg==\/tiny\/Navitas-Semiconductor-Corporat.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>License agreement provides\u00a0Magnachip\u00a0access to Navitas\u2019\u00a0GeneSiC\u2122 Gen 4 and Gen 5\u00a0SiC\u00a0technologies spanning 1200\u00a0V, 2300\u00a0V, 3300\u00a0V and\u00a0higher voltages, supported by Navitas\u2019 supply chain and materials ecosystem Targeting energy\u00a0and\u00a0grid infrastructure, energy storage, industrial electrification, automotive and other high-power systems in Korea TORRANCE, Calif. and SEOUL, South Korea, July 23, 2026 (GLOBE NEWSWIRE) &#8212; Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation GaNFast\u2122 gallium nitride (GaN) and GeneSiC\u2122 silicon carbide (SiC) power semiconductors, and Magnachip Semiconductor Corporation (NYSE: MX), a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions, today announced a strategic partnership to accelerate adoption of SiC technologies in high-voltage (HV) and ultra-high-voltage (UHV) power markets.\u00a0 Under the terms of the agreement,\u00a0Magnachip\u00a0will license Navitas\u2019\u00a0GeneSiC\u2122\u00a0Trench-Assisted Planar\u2122\u00a0(TAP)\u00a0technology to enter the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/navitas-and-magnachip-announce-strategic-partnership-to-accelerate-high-voltage-and-ultra-high-voltage-silicon-carbide-adoption\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Navitas and Magnachip Announce Strategic Partnership to Accelerate High-Voltage and Ultra-High-Voltage Silicon Carbide Adoption&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-984471","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Navitas and Magnachip Announce Strategic Partnership to Accelerate High-Voltage and Ultra-High-Voltage Silicon Carbide Adoption - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/navitas-and-magnachip-announce-strategic-partnership-to-accelerate-high-voltage-and-ultra-high-voltage-silicon-carbide-adoption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Navitas and Magnachip Announce Strategic Partnership to Accelerate High-Voltage and Ultra-High-Voltage Silicon Carbide Adoption - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"License agreement provides\u00a0Magnachip\u00a0access to Navitas\u2019\u00a0GeneSiC\u2122 Gen 4 and Gen 5\u00a0SiC\u00a0technologies spanning 1200\u00a0V, 2300\u00a0V, 3300\u00a0V and\u00a0higher voltages, supported by Navitas\u2019 supply chain and materials ecosystem Targeting energy\u00a0and\u00a0grid infrastructure, energy storage, industrial electrification, automotive and other high-power systems in Korea TORRANCE, Calif. and SEOUL, South Korea, July 23, 2026 (GLOBE NEWSWIRE) &#8212; Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation GaNFast\u2122 gallium nitride (GaN) and GeneSiC\u2122 silicon carbide (SiC) power semiconductors, and Magnachip Semiconductor Corporation (NYSE: MX), a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions, today announced a strategic partnership to accelerate adoption of SiC technologies in high-voltage (HV) and ultra-high-voltage (UHV) power markets.\u00a0 Under the terms of the agreement,\u00a0Magnachip\u00a0will license Navitas\u2019\u00a0GeneSiC\u2122\u00a0Trench-Assisted Planar\u2122\u00a0(TAP)\u00a0technology to enter the &hellip; Continue reading &quot;Navitas and Magnachip Announce Strategic Partnership to Accelerate High-Voltage and Ultra-High-Voltage Silicon Carbide Adoption&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/navitas-and-magnachip-announce-strategic-partnership-to-accelerate-high-voltage-and-ultra-high-voltage-silicon-carbide-adoption\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-23T23:36:36+00:00\" \/>\n<meta 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Navitas\u2019 supply chain and materials ecosystem Targeting energy\u00a0and\u00a0grid infrastructure, energy storage, industrial electrification, automotive and other high-power systems in Korea TORRANCE, Calif. and SEOUL, South Korea, July 23, 2026 (GLOBE NEWSWIRE) &#8212; Navitas Semiconductor Corporation (Nasdaq: NVTS), an industry leader in next-generation GaNFast\u2122 gallium nitride (GaN) and GeneSiC\u2122 silicon carbide (SiC) power semiconductors, and Magnachip Semiconductor Corporation (NYSE: MX), a designer and manufacturer of analog and mixed-signal power semiconductor platform solutions, today announced a strategic partnership to accelerate adoption of SiC technologies in high-voltage (HV) and ultra-high-voltage (UHV) power markets.\u00a0 Under the terms of the agreement,\u00a0Magnachip\u00a0will license Navitas\u2019\u00a0GeneSiC\u2122\u00a0Trench-Assisted Planar\u2122\u00a0(TAP)\u00a0technology to enter the &hellip; Continue reading \"Navitas and Magnachip Announce 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