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Navitas Semiconductor Announces $5 Million Investment Agreement

PUBLIC · NVTSSep 18, 2026•4 days ago

Amount Raised

$5 Million

Round Type

Venture - Series Unknown

United StatesManufacturingEnergyRenewable EnergySolarElectronicsEnergy Storage

Investors

Magnachip Semiconductor Corporation

Description

Navitas Semiconductor Corporation has entered into a Stock Purchase Agreement with Magnachip Semiconductor Corporation. The agreement entails the purchase of 1,461,988 shares of Magnachip's common stock at a price of $3.42 per share for a total of $5 million. The closing of the transaction is expected around September 24, 2026.

Company Information

Company

Navitas Semiconductor Corporation

Location

United States

About

Navitas Semiconductor Corporation operates in the semiconductor industry, specializing in the development and manufacturing of power semiconductor solutions. The company focuses on producing GaN (gallium nitride) power ICs (integrated circuits) that cater to the demands of modern power electronics and energy efficiency applications. Navitas serves a global market, with a strong presence in sectors such as consumer electronics, electric vehicles, and renewable energy systems. As an emerging growth company, it emphasizes innovative technology to provide high-performance, compact, and efficient power solutions, aiming to drive greater energy density and sustainability in electronic devices.

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Navitas Semiconductor Corporation raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.