Why it’s on the map
DoD Trusted Foundry; GaN fab announced April 2026.
Government money & contracts
CHIPS $1.587B + reported $375M Commerce/NIST equity stake (May 2026, terms unverified).
Customers & commercial
Defense, auto, IoT.
Catalysts
Q3 early Nov.
Risk
Market doubts earnings translation; ~48% off high.
Tariff durability
Policy-backed.