U.S. Army Selects Navitas to Develop 10,000-Volt SiC Power Chips
The U.S. Army selected Navitas to develop 10 kV silicon carbide chips under the ALATTIS program for defense and critical infrastructure use.
The U.S. Army selected Navitas to develop 10 kV silicon carbide chips under the ALATTIS program for defense and critical infrastructure use.
Navitas will buy 1.46M Magnachip shares at $3.42 for $5M. The deal builds on their July 2026 silicon carbide pact for high-voltage power chips.
Navitas plans to acquire Claros to complete its grid-to-xPU power chain with VPD & IVR tech for AI data centers, doubling its 2030 market to over $8B.
Navitas Semiconductor surged following a release detailing its collaboration with NVIDIA on data center racks, but analysts remain skeptical.
Wolfspeed and Navitas shares rise after Vicor boosts guidance and Huawei unveils its LogicFolding chip design, triggering a rally in Chinese semiconductor stocks like SMIC.
Wolfspeed shares jumped after a report said AI demand boosts its power chips. Other chip stocks also rose sharply.