Navitas Semiconductor Partnerships to Boost GaN Technology and Revenue Growth.

Navitas Semiconductor's stock has risen 10.3% after announcing partnerships with GlobalFoundries and WT Microelectronics to accelerate GaN power technology. The collaborations aim to consolidate the distributor base, invest $100 million, and bolster supply chain, manufacturing, and technical support. The partnerships are expected to reinforce the company's positioning in the GaN power technology market, but ongoing softness in consumer, EV, and industrial demand remains a risk to near-term performance.