Magnachip Semiconductor declared that it has reached a deal with Hyundai Mobis Company to employ high-performance Insulated Gate Bipolar Transistor (IGBT) technology, and that it intends to grow its company using this technology. Hyundai Mobis is a worldwide supplier of vehicle components with an emphasis on offering unique mobility solutions that integrate hardware and software.
Since 2015, MOBIS and Magnachip have worked together to develop advanced IGBT for traction inverters, seeing the growing significance of internalizing key power semiconductor technologies for traction systems.
In this collaboration, Magnachip has principally provided their knowledge of semiconductor process technology, while MOBIS has spearheaded the structural design.
The two businesses recently created new IGBT solutions that satisfy the demanding specifications of EVs after system-level examination and certification. In 2026, MOBIS intends to start producing inverters with these IGBTs in large quantities.
Additionally, Magnachip is advancing the development and commercialization of its own IGBT devices by utilizing the jointly created design technology.
In keeping with its strategy to bolster technological competitiveness and solidify its position in the global power semiconductor market, the company intends to launch a new series of industrial IGBTs in the first half of next year, with an emphasis on the industrial, artificial intelligence, and renewable energy markets.
IGBTs For Traction Inverters
IGBTs are power semiconductors used in high-power systems that require both high voltage and high current. According to market research firm Omdia, the global IGBT market value exceeded $11 billion in 2024 and is projected to grow from $12.3 billion in 2025 to $16.9 billion by 2028.
IGBTs used in traction inverters targeted for hybrid electric vehicles and electric vehicles (EVs) are experiencing rapid market growth.
Since the efficiency and reliability of IGBTs significantly impact inverter performance, only a few power industry market leaders can offer the stable mass-production capabilities required for high-voltage and high-current products that currently lead the market.
Leadership Comments
“This strategic partnership marks an important step in advancing our IGBT capabilities,” said Camillo Martino, CEO of Magnachip. “The development of our new seventh-generation IGBT product family significantly enhances our portfolio and positions us to compete more effectively in high-performance, premium markets. Magnachip is actively targeting high-value opportunities in industrial, AI and renewable energy applications, which we expect to represent a larger share of our product mix in the coming years.”
