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Magnachip shares jump 16.36% after Navitas’ $5 million investment

Verifying
  • Navitas agreed to make a strategic equity investment in Magnachip Semiconductor.
  • $5 million will fund approximately 1.46 million Magnachip shares at $3.42 each.
  • Magnachip shares rose 16.36% to $3.44, according to Benzinga Pro data.
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