Navitas Stock Up 9% Pre-Market After U.S. Army SiC Award
10 Articles
10 Articles
Navitas Stock Up 9% Pre-Market After U.S. Army SiC Award
Navitas Semiconductor Corporation (NASDAQ: NVTS) shares remained up double digits in Tuesday pre-market trading after a sharp after-hours rally following Monday’s post-close announcement that the U.S. Army selected the company for the ALATTIS program.Visit Website
US Army picks Navitas Semiconductor to build American-made high-voltage chips
Navitas Semiconductor's stock jumped as much as 20% after the US Army Research Laboratory picked it for ALATTIS, a program to build 10kV silicon carbide power chips domestically. The Army chose the small-cap GaN and SiC maker specifically for its US-based manufacturing amid supply-chain reshoring pressure.
The Navitas Semiconductor (NVTS) shares closed the session on 28 September at $11.73, down by 3.85%. A few hours later, the title jumped 20% in after-market, according to Yahoo Finance. The push came from the selection of Navitas for a program of the US Army on 10 kV silicon carbide semiconductors [...]
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