Automotive Wiring Harness Market to Reach USD 49.29 Billion by 2033

The US Army has selected Navitas Semiconductor Corporation for the ALATTIS program to develop next-generation 10 kV silicon carbide power semiconductors, a voltage class above the company's existing GeneSiC portfolio, which reaches 6.5 kV. The program will develop and validate a domestic manufacturing process for ultra-high-voltage devices, including 10 kV insulated-gate bipolar transistors and PiN diodes, for mission-critical defense and infrastructure applications. Navitas said its GeneSiC portfolio is engineered, manufactured, and supported through a US-anchored supply chain, an attribute that matters to a program seeking to establish domestic production of advanced power semiconductors. The award follows Navitas' July partnership with Magnachip Semiconductor to license its GeneSiC Gen 4 and Gen 5 technologies, covering 1,200 V, 2,300 V, 3,300 V, and higher-voltage applications, and a subsequent $5 million investment in Magnachip. In Q2, Navitas' revenue rose 22% sequentially to $10.5 million, with high-power markets growing more than 50% year over year, and the company expects Q3 revenue of $13 million to $14 million, a 28% sequential increase at the midpoint. ALATTIS remains a prototype development and validation program, so Navitas must still move the 10 kV technology into production; at the September 30 close, its roughly $3 billion market cap stood against $36.5 million in trailing-12-month revenue, about 83x trailing sales, and even on Wall Street's 2026 revenue forecast of about $47.7 million the stock trades at around 63x forward sales, versus about 2.0x for Wolfspeed, 4.6x for Onsemi, and 2.9x for STMicroelectronics.

ON Semiconductor Corp. is positioned to extend its earnings-beat streak when it reports its upcoming quarter, according to Zacks Investment Research. The semiconductor components maker has topped consensus estimates by an average of 3.85% over the last two quarters, reporting $0.74 per share against an expected $0.72 in the most recent quarter, a surprise of 2.78%, and $0.64 per share versus a $0.61 consensus in the prior quarter, a surprise of 4.92%. The stock currently carries a Zacks Earnings ESP of +5.20% alongside a Zacks Rank #3 (Hold), a combination that Zacks research shows produces a positive surprise nearly 70% of the time. Zacks notes that a negative Earnings ESP reading reduces the metric's predictive power but does not signal an earnings miss.

Infineon Technologies Manufacturing (Thailand) opened a new plant in Samut Prakan province on October 1, 2026, with Prime Minister Anutin Charnvirakul presiding over the ceremony, joined by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas. The plant received investment promotion from the BOI with an investment value of over 48 billion baht, covering the production of power control chip systems, integrated circuit and wafer testing, as well as research and development of semiconductor products. The plant is Infineon's third power control chip system production base, following Germany and China, starting with phase 1 and with plans to expand up to 5 phases. If all 5 phases are completed, it will be Infineon's largest assembly and testing production base in the world, with a total cleanroom area of 150,000 square meters, roughly twice the size of the company's current largest plant. Infineon plans to employ more than 5,000 Thai personnel in total, or approximately 1,000 people per phase, while the BOI has set conditions requiring the development of more than 600 Thai personnel in science and technology and the sending of more than 130 Thai personnel for specialized technology training abroad.

German semiconductor giant Infineon Technologies opened a new plant in Thailand on the first of the month. The new facility on the outskirts of Bangkok is a back-end site handling semiconductor assembly and testing, with an initial investment of more than 100 million euros, or 113.57 million dollars, while the total project value reaches 1.4 billion dollars according to a statement from Thailand's Board of Investment. According to Infineon Chief Operating Officer Alexander Gorski, the site initially features cleanrooms, the controlled environments required for semiconductor manufacturing, of up to 30,000 square meters, and can be expanded to as much as 150,000 square meters in the future. Gorski said this is a strategic long-term investment and cited Thailand's proximity to major markets such as China as a strength. According to Gorski, Infineon has 13 manufacturing sites in the United States, Europe, China and Southeast Asia, and leveraging existing cleanroom capacity could potentially double its revenue. The expansion in Thailand is also part of efforts to offer customers dual sourcing, and Narit, secretary-general of the Board of Investment, said the agency is focusing on photonics, power semiconductors and sensors as part of a long-term strategy in the semiconductor field, aiming to attract 18 billion dollars in semiconductor investment by 2030.