Navitas Stock Extends Gains After Army Selects It for SiC Power Chip Development
Navitas Semiconductor shares are trading higher Tuesday after securing a U.S. Army award to develop 10 kV silicon carbide power technology.
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Why It Matters
The U.S. Army picked Navitas to build special power chips for military use. This shows the government trusts Navitas to do important work, which is good for business.
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