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NVTS Navitas Semiconductor News Story

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Navitas rises after unveiling progress on chips for Nvidia's data center infrastructure

** Shares of chip firm Navitas Semiconductor NVTS.O surge 26.7% to $12.63 premarket

** NVTS announces progress in development of chips to enable chip designer Nvidia's NVDA.O 800 VDC power architecture for next-generation AI factory computing platforms

** 800 volts direct current architecture has several benefits, including improved efficiency and scalability, and reduced copper usage - NVTS

** Up to its last close, stock has more than doubled this year

 (Reporting by Arnav Mishra in Bengaluru)

 ((Arnav.Mishra@thomsonreuters.com))

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