Navitas Semiconductor Stock Surges After Hours: Here's Why

Navitas Semiconductor Corp (NASDAQ: NVTS) saw its stock rise 16.03% in after-hours trading, reaching $13.61, following the announcement that it has been selected by the U.S. government to develop next-generation 10 kV silicon carbide (SiC) power semiconductor technology under the ALATTIS program. The company was recognized for its leadership in ultra-high-voltage SiC innovation and its capability to deliver defense-grade performance. The ALATTIS project aims to establish a U.S.-based manufacturing process for these advanced semiconductors.