Sep. 1 at 4:01 PM
$MX Both recent SEC filings for Magnachip and Navitas say they are seeking to port, qualify and internalize Navitas GeneSiC technology at Magnachip's Gumi plant. Commercial terms have not been finalized, so there is always a risk. But news on this confirmation, finalized agreement and funding would most likely rerate this stoick price. Also note that South Korea is bullish on advancing SiC/GaN self sufficency as they are hovering around 10% self sufficency in this space. The Gumi plant is viewed as a legacy foiundry despite recent investments over the last few years. Additional investment is needed to implemnt SiC but in teh short-term I believe Magnachip will partner with an external foundry to produce chip design for SiC while this qualification/implementation takes place. This is stock is pretty much ignored by the street right now. Patience is needed here.
