📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $NVTS Navitas to Invest $5 Million in $MX 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.”