09:10 AM EST, 11/20/2025 (MT Newswires) -- GlobalFoundries ( GFS ) and Navitas Semiconductor ( NVTS ) said Thursday they have entered a long-term collaboration to expand US development and production of gallium nitride, or GaN, technology for high-power applications.

Financial terms were not provided.

The companies said the collaboration will focus on advancing GaN design and manufacturing for uses such as AI data centers, computing, energy systems, and industrial power equipment.

Navitas will contribute its device expertise, while GlobalFoundries ( GFS ) will provide large-scale manufacturing, according to the statement.

The companies said development is slated to start in early 2026 with production targeted for later that year.

Shares of GlobalFoundries ( GFS ) were up 2% in recent Thursday premarket activity, while Navitas Semiconductor ( NVTS ) stock rose 11%.