Navitas Semiconductor is trading up 4.3% at $12.23 as of 9:34 a.m. ET on September 29, 2026, after its selection by the U.S. Army for the ALATTIS program.
- The program involves developing next-generation 10 kV silicon-carbide power semiconductors.
- The competitive evaluation focuses on developing and validating a domestic manufacturing process for ultra-high-voltage devices.
- The broader semiconductor sector is weak; Bloomberg reported shares rose after the award.