Navitas Semicondutor sees no adverse impact from China export curbs, shares up

Navitas Semiconductor

05/07/2023 15:39

** Shares of wafer subcontract manufacturer Navitas
Semiconductor  NVTS.O  up 5.3% at $10.95
    ** Co says it does not expect customer deliveries to be
impacted or its business to be adversely affected by the export
restrictions imposed by china, given multiple sources of gallium
worldwide
    ** China on Monday announced export curbs from Aug. 1 on
some gallium and germanium products  
    ** Up to last close, NVTS stock had nearly tripled YTD

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))