Navitas Semiconductor Corp

Navitas Semiconductor (NVTS) filed an 8-K/A (Amendment No. 1) to update disclosure of its Stock Purchase Agreement with Magnachip Semiconductor Corporation (MX), under which Navitas is purchasing 1,461,988 Magnachip shares at $3.42 per share for a total of $5 million; closing was expected around September 24, 2026, with Magnachip agreeing to file an S-3 resale registration within 30 days post-close. The amendment supplements the original 8-K filing. This is a $5 million strategic minority equity investment in a semiconductor peer; the amendment likely corrects or supplements prior disclosure.

Navitas Semiconductor Corporation (NVTS) entered into a Stock Purchase Agreement on September 18, 2026 to acquire 1,461,988 shares of Magnachip Semiconductor Corporation common stock at $3.42 per share for an aggregate $5 million, with closing expected around September 24, 2026 subject to customary conditions; Magnachip will register the shares for resale via an S-3 within 30 days of closing. This is a strategic cross-holding investment between two compound semiconductor players, modest at $5 million total.

Navitas Semiconductor Corporation (NVTS, Torrance CA), a fabless power semiconductor company specializing in gallium nitride (GaN) and silicon carbide (SiC) power ICs, filed a current report on August 24, 2026 disclosing entry into a material definitive agreement (Item 1.01) alongside a Reg FD disclosure (Item 7.01) and exhibits. A new material agreement for a power semiconductor company likely signals a major customer supply contract, strategic partnership, or licensing arrangement. The concurrent Reg FD filing suggests the announcement was made publicly. Specific agreement terms (counterparty, dollar amounts, duration) are in attached exhibits.

Navitas Semiconductor Corporation (NVTS) reported financial results for quarterly period ended June 30, 2026 via 8-K Item 2.02, filed 2026-07-27. Full financials are in the attached press release (Exhibit 99.1). Quarterly earnings contain headline P&L, balance sheet, and guidance. Investors should review the exhibit for revenue, margins, EPS, and any updates to full-year outlook.

Navitas Semiconductor filed a Regulation FD disclosure responding to a patent infringement complaint filed against it by Wolfspeed. Navitas issued a statement defending the validity of its own intellectual property and expressing confidence that its wide-bandgap power semiconductor products do not infringe Wolfspeed's patents. The company characterized the litigation as without merit and indicated it intends to vigorously defend itself. The dispute involves silicon carbide technology claims, an increasingly contested area as both companies compete in the high-growth power electronics market for EV and industrial applications.

Dr. Ranbir Singh resigned from Navitas Semiconductor's (NVTS) Board of Directors on June 9, 2026, effective immediately, stepping down from his role as Chair of the Executive Steering Committee. Although the resignation gave no stated reason, the company noted Dr. Singh's prior Schedule 13D filings on April 23 and May 29, 2026, implying the departure may be linked to activist or strategic disagreements. The exit of the Executive Steering Committee chair without stated cause — while the filer had active 13D positions — is a notable governance event suggesting potential unresolved board-level conflict.