Navitas jumps after securing US Army-backed semiconductor program
28/09/2026 21:34
BUZZ-Navitas jumps after securing US Army-backed semiconductor program ** Shares of chip firm Navitas Semiconductor NVTS.O rise 21.5% to $14.25 in extended trading
** Navitas wins a US Army-backed program to develop 10 kV silicon carbide power semiconductors
** Silicon carbide, or SiC, is a semiconductor material that helps power devices handle higher voltages, temperatures, and power levels more efficiently than traditional silicon chips
** The project aims to create and test a new US-based manufacturing process for ultra-high-voltage SiC power devices
** It also aims to accelerate the use of 10 kV SiC devices in military and infrastructure applications
** As of last close, stock NVTS up 62% YTD
(Reporting by Kamal Choudhury in Bengaluru)
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