US Stock Market Move | Signed a strategic distribution agreement with WT Microelectronics, NaVi Technologies Semiconductor (NVTS.US) rose nearly 8% in early trading.

On Friday, NVTS (NVTS.US) surged nearly 8% in early trading to $8.96. On the news front, NVTS signed a strategic distribution agreement with WT Microelectronics, integrating its distribution network in Asia. This collaboration will enhance NVTS's leading technology support and supply chain services for gallium nitride and silicon carbide power devices in the Asia region. According to the agreement, WT Microelectronics will lead customer interface, design-in activities, and regional logistics management to ensure stable supply and fast delivery of NVTS products in Asia.