🟢 Navitas Semiconductor is trading 12% up in pre-market after U.S. Army picks it for ALATTIS

Navitas Semiconductor is trading at $13.13, up 11.94%, after-hours following the U.S. Army’s selection of the company to develop next-generation 10 kV silicon-carbide power semiconductors through ALATTIS.

• The project aims to develop and validate a domestic manufacturing process for these devices.
• Semiconductor-sector weakness provides contrasting background, not an explanation for the gain.