Navitas Semiconductor shares are trading higher after the company confirmed the continued supply of gallium nitride power ICs and that it does not expect customer deliveries or its business to be adversely impacted by export restrictions.
Portfolio Pulse from Benzinga Newsdesk
Navitas Semiconductor confirmed the continued supply of gallium nitride power ICs and does not expect customer deliveries or its business to be adversely impacted by export restrictions. This has led to a rise in the company's share prices.
July 05, 2023 | 2:53 pm
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Navitas Semiconductor's shares are trading higher after the company confirmed the continued supply of gallium nitride power ICs and no expected adverse impact from export restrictions.
Navitas Semiconductor's confirmation of continued supply of gallium nitride power ICs and no expected adverse impact from export restrictions has led to a positive sentiment among investors, resulting in a rise in the company's share prices. This indicates a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100