Navitas’ 571% Increase in 3-Year Revenue Attains Deloitte Technology Fast 500™ Ranking for Third Consecutive Year
Navitas Semiconductor (NVTS) has been recognized in Deloitte's Technology Fast 500™ for the third consecutive year, achieving 571% revenue growth from 2020 to 2023. The growth was driven by strong demand for their advanced gallium nitride (GaN) and silicon carbide (SiC) power components across multiple markets. The company is expanding its presence in mobile fast chargers, AI data centers, and EV markets, with new product introductions including GaNSafe™, Gen-3 'Fast' SiC, and a 48V-focused range in partnership with Infineon. These innovations target applications from 20W to 20MW, addressing a market opportunity exceeding $22B annually.
Navitas Semiconductor (NVTS) è stata riconosciuta nella Technology Fast 500™ di Deloitte per il terzo anno consecutivo, registrando una crescita dei ricavi del 571% dal 2020 al 2023. Questa crescita è stata alimentata da una forte domanda per i loro avanzati componenti di potenza in nitruro di gallio (GaN) e carburo di silicio (SiC) in diversi mercati. L'azienda sta ampliando la propria presenza nei caricatori rapidi mobili, nei data center AI e nei mercati dei veicoli elettrici, con nuove introduzioni di prodotti tra cui GaNSafe™, Gen-3 'Fast' SiC e una gamma focalizzata su 48V in partnership con Infineon. Queste innovazioni mirano a applicazioni da 20W a 20MW, affrontando un'opportunità di mercato che supera i 22 miliardi di dollari all'anno.
Navitas Semiconductor (NVTS) ha sido reconocida en el Technology Fast 500™ de Deloitte por tercer año consecutivo, logrando un crecimiento de ingresos del 571% desde 2020 hasta 2023. El crecimiento fue impulsado por la fuerte demanda de sus avanzados componentes de potencia de nitruro de galio (GaN) y carburo de silicio (SiC) en múltiples mercados. La compañía está ampliando su presencia en cargadores rápidos móviles, centros de datos de IA y mercados de vehículos eléctricos, con nuevas introducciones de productos que incluyen GaNSafe™, Gen-3 'Fast' SiC y una gama enfocada en 48V en asociación con Infineon. Estas innovaciones apuntan a aplicaciones desde 20W hasta 20MW, abordando una oportunidad de mercado que supera los 22 mil millones de dólares anuales.
Navitas Semiconductor (NVTS)는 Deloitte의 Technology Fast 500™에 세 번째 연속으로 선정되었으며, 2020년부터 2023년까지 571%의 수익 성장을 기록했습니다. 이러한 성장은 여러 시장에서의 고급 갈륨 나이트라이드(GaN) 및 실리콘 카바이드(SiC) 전력 부품에 대한 강한 수요에 의해 주도되었습니다. 이 회사는 모바일 고속 충전기, AI 데이터 센터 및 전기차 시장에서의 입지를 확대하고 있으며, GaNSafe™, Gen-3 'Fast' SiC 및 Infineon과의 파트너십을 통해 48V에 초점을 맞춘 새로운 제품을 출시했습니다. 이러한 혁신은 20W에서 20MW까지의 응용 프로그램을 목표로 하고 있으며, 매년 220억 달러를 초과하는 시장 기회를 해결합니다.
Navitas Semiconductor (NVTS) a été reconnue dans le Technology Fast 500™ de Deloitte pour la troisième année consécutive, affichant une croissance des revenus de 571% de 2020 à 2023. Cette croissance a été propulsée par la forte demande pour leurs composants de puissance en nitrure de gallium (GaN) et en carbure de silicium (SiC) sur plusieurs marchés. L'entreprise étend sa présence dans les chargeurs rapides portables, les centres de données AI et les marchés des véhicules électriques, avec de nouvelles introductions de produits incluant GaNSafe™, Gen-3 'Fast' SiC et une gamme axée sur 48V en partenariat avec Infineon. Ces innovations visent des applications allant de 20W à 20MW, et ciblent une opportunité de marché de plus de 22 milliards de dollars par an.
Navitas Semiconductor (NVTS) wurde zum dritten Mal in Folge in die Technology Fast 500™ von Deloitte aufgenommen und erzielte ein Umsatzwachstum von 571% von 2020 bis 2023. Dieses Wachstum wurde durch die starke Nachfrage nach ihren fortschrittlichen Leistungsbauteilen aus Gallium-Nitrid (GaN) und Siliziumkarbid (SiC) in mehreren Märkten angetrieben. Das Unternehmen erweitert seine Präsenz in den Bereichen mobile Schnellladegeräte, KI-Datenzentren und Elektrofahrzeugmärkte mit neuen Produkteinführungen, darunter GaNSafe™, Gen-3 'Fast' SiC und eine auf 48V ausgelegte Produktreihe in Partnerschaft mit Infineon. Diese Innovationen zielen auf Anwendungen von 20W bis 20MW ab und adressieren eine Marktchance von über 22 Milliarden Dollar jährlich.
- 571% revenue growth over three years
- Third consecutive recognition in Deloitte's Technology Fast 500™
- Expanding market presence in AI data centers, EV, and mobile sectors
- Strategic partnership with Infineon for 48V solutions
- Addressable market opportunity of $22B+ annually
- None.
Insights
The
However, the revenue growth percentage alone doesn't provide absolute revenue figures or profitability metrics. While the Deloitte ranking validates growth trajectory, investors should note that with a relatively small market cap of
The strategic focus on GaN and SiC technology positions Navitas well in the power semiconductor evolution. These wide-bandgap semiconductors offer superior efficiency and smaller form factors compared to traditional silicon, critical for next-gen applications. The company's expansion from mobile charging into data centers and EVs shows successful market diversification.
The new GaNSafe™ and Gen-3 'Fast' SiC products, combined with the Infineon partnership, demonstrate continued innovation in the 20W to 20MW power range. This technological advancement and market expansion strategy could drive sustained growth, particularly as industries increasingly prioritize energy efficiency and power density improvements.
AI Data Centers, EV, and Mobile markets being penetrated by disruptive, next-gen GaN and SiC power semis, displacing legacy silicon chips.
TORRANCE, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) has announced that the company’s revenue growth has been acknowledged for the third consecutive year, by Deloitte’s Technology Fast 500™. Navitas growth was driven by strong demand for its advanced, high-efficiency, wide-bandgap gallium nitride (GaN) and silicon carbide (SiC) power components, across a growing number of global markets and customers.
Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Based on percentage fiscal year revenue growth from 2020 to 2023, Navitas achieved
“As a ‘pure-play’, next-gen, semiconductor company, Navitas continues to outperform the overall power semiconductor market, with record sales into mobile fast chargers, now ramping AI data center revenues and a strong customer pipeline for EV opportunities,” said Gene Sheridan, CEO and co-founder. “Recent introductions like GaNSafe™, Gen-3 ‘Fast’ SiC, and a newly-announced, 48V-focused range in partnership with Infineon, have built a strong foundation for further revenue growth in applications from 20W to 20MW, and with a market opportunity of over
About Deloitte
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About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is the only pure-play, next-generation power-semiconductor company, celebrating 10 years of power innovation founded in 2014. GaNFast™ power ICs integrate gallium nitride (GaN) power and drive, with control, sensing, and protection to enable faster charging, higher power density, and greater energy savings. Complementary GeneSiC™ power devices are optimized high-power, high-voltage, and high-reliability silicon carbide (SiC) solutions. Focus markets include AI datacenters, EV, solar, energy storage, home appliance / industrial, mobile and consumer. Over 300 Navitas patents are issued or pending, with the industry’s first and only 20-year GaNFast warranty. Navitas was the world’s first semiconductor company to be CarbonNeutral®-certified.
Navitas Semiconductor, GaNFast, GaNSense, GeneSiC and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited and affiliates. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
Contact Information
Stephen Oliver, VP Investor Relations
ir@navitassemi.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cffa5421-88e3-46de-8f52-2e8e1815b4ed
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