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Navitas Semiconductor stock is steady today as investors respond to news of a big deal and a U.S. Army contract.

DealRead the original at Benzinga
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Navitas cleared an FTC review hurdle for its pending Claros purchase and was selected for an Army chip-development program. These steps support expansion, though the purchase is not closed and the program has not produced reported sales.

NVTS · Navitas Semiconductor Corp

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That removes a key hurdle to adding Claros, which Navitas says would expand its reach in high-voltage infrastructure. The Army program could also open a path into defense power systems. Both are still steps toward future work: the purchase has not closed, and the chip program is development work, not reported sales.

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