Under the terms of the partnership, Magnachip will internalize Navitas’ GeneSiC technology at its fabrication facility in South Korea. This transition allows Magnachip to bypass lengthy development cycles, leveraging Navitas’ existing supply chain and materials ecosystem to accelerate commercialization. The collaboration focuses on power components rated at 1,200, 2,300, and 3,300 volts, intended for energy grid infrastructure, energy storage systems, and heavy-duty automotive applications.

While financial specifics remain undisclosed, the deal signals a deeper alignment between the two firms. Both companies confirmed plans for broader collaboration beyond current silicon carbide initiatives, with further details expected in the coming months.