00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Navitas Semiconductor shares soared in extended trading Monday after the company was selected
00:06for the U.S. government's ALATTIS program to develop next-generation 10-kV silicon carbide
00:13power semiconductor technology, according to Benzinga. The prototype project will create
00:17and validate a U.S.-based manufacturing process for ultra-high-voltage silicon carbide power
00:22semiconductors through repeated design, fabrication, and testing. Navitas said it was selected for
00:28its ultra-high-voltage silicon carbide innovation, defense-grade performance, and reliability,
00:32and U.S.-anchored manufacturing ecosystem. The company will develop 10-kV silicon carbide
00:37IGBTs using its patented trench-assisted planar architecture and advanced pin diode technologies.
00:43Navitas shares were up 16.03% in after-hours trading at $13.61 on Monday, according to Benzinga Pro.
00:51For all things money, visit Benzinga.com.
Comments