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Stock impact report

Is Navitas (NVTS) One of the Best Emerging Technology Stocks to Invest In? [Yahoo! Finance]

Navitas Semiconductor Corporation (NVTS) 
Company Research Source: Yahoo! Finance
announced a significant expansion of its partnership with Avnet (NASDAQ: AVT ). The agreement elevates Avnet to a globally franchised distribution partner, building upon the successful existing relationship between Navitas and Avnet Silica in Europe. The move is part of a broader strategy by Navitas to consolidate its franchised distribution network and strengthen its global channel presence. As one of the world's largest electronic component distributors, Avnet will now provide worldwide technical and commercial expertise for Navitas' advanced GaNFast/GaN and GeneSiC/SiC portfolios. These wide bandgap semiconductor devices are designed for high-voltage and high-power applications. By aligning with Avnet's global framework, Navitas aims to provide customers with faster, more reliable product access and consistent technical support across all geographic regions. The partnership is targeted at high-growth, high-power sectors that demand energy-efficient solutions. These include AI d Show less Read more
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