Magnachip Semiconductor Stock Rises 18% After Navitas Announces $5 Mln Investment

MAGNACHIP SEMICONDUCTOR Corp (MX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Magnachip Reports Results for Second Quarter 2026 Q2 Results Summary • Consolidated revenue from continuing operations (which includes Power Analog Solutions (“PAS”) and Power IC (“PIC”) businesses) was $44.7 million, within the guidance range of $44.5 to $48.5 milli

Oracle will pay $37.42 each to US class-action lawsuit claimants from a $115M settlement fund. Payments start September 21, 2026. The lawsuit alleged unauthorized data collection and sales; Oracle denied wrongdoing but settled.

Li Auto is seeking external funding for its chip subsidiary at a $2.2 billion pre-money valuation, according to LatePost. The automaker aims to raise several billion yuan, valuing its chip business above Nio's rival unit. Li Auto's chip team, with about 200 employees, is developing vehicle-side and cloud-side inference chips. The company reported a loss of $593 million in the first half of 2023, with vehicle margins falling to 9.4%.

Eli Lilly CEO Dave Ricks stated that one-third of new GLP-1 pill patients are using Foundayo, with the company's market share growing. Lilly is expanding production, including a $6.5B facility in Houston, to meet demand. Foundayo reported $98M in Q2 sales, and Medicare's coverage may boost access. Lilly has invested $50B since 2020 to expand manufacturing.

Neogen Chemicals, an Indian specialty chemicals manufacturer, raised ~INR 600 crore via a QIP, oversubscribed 6.5x. The company issued 26.6 million shares at INR 2,255 each to reduce debt and fund growth. The QIP was managed by Inga Ventures, IIFL, and Kotak Mahindra. Shares last traded at INR 2,358.50 on BSE.

Volkswagen (VOWG) issued a profit warning, writing down €6 billion on its 75% stake in Porsche due to weaker financial expectations. Porsche's margins have declined, and it faces challenges in China and the US. Analysts question Volkswagen's restructuring plans, while Porsche's CEO maintains medium-term margin targets. Skoda has become more profitable than Porsche within the group.