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Navitas to be added to Russell 3000 Index
What happened
Navitas Semiconductor, a GaN and SiC power IC firm, will be added to the Russell 3000 Index effective June 26. This inclusion is part of the annual index reconstitution and reflects its public market status and market capitalization. Neutral: Index inclusion may increase institutional investor visibility but has no direct, immediate impact on component supply, demand, or pricing.
Impact and signal
Low impactImpact score: 10/100
Affected components and suppliers
GaN Power ICsSiC Power Devices
Navitas Semiconductor
index-additionmarket-cap
Source and time
Source: Semiconductor Today · 5/22/2023 · View original source
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