Navitas Announces Non-Deal Roadshow with China Renaissance Securities

Rhea-AI Summary

On February 22, 2022, Navitas Semiconductor (Nasdaq: NVTS) announced a non-deal roadshow with China Renaissance Securities scheduled for February 23-24 in China. Navitas, a leader in GaN power ICs, highlighted the growing market for gallium nitride technology, which offers significant advantages over silicon chips. CEO Gene Sheridan emphasized recent design wins with major companies and the environmental impact of GaN technology, stating that each GaN IC shipped saves 4 kg of CO2. The potential market opportunity for electrification is estimated at $13.1 billion across various sectors.

Positive

• Navitas' GaN technology positions the company well in a market projected to reach $13.1 billion.
• Recent design wins include collaborations with Lenovo, Xiaomi, vivo, and Dell.
• The GaNFast power ICs enable faster charging and greater energy savings, offering competitive advantages.

Negative

• None.

EL SEGUNDO, Calif., Feb. 22, 2022 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in GaN power integrated circuits, has announced a non-deal roadshow in collaboration with China Renaissance Securities, taking place on February 23^rd, 24^th (China time).

Gallium nitride (GaN) positioned to replace legacy silicon chips in $13.1B mobile, consumer, EV, solar, and data centers

Gene Sheridan, Navitas CEO and co-founder will participate in a presentation and fire-side chat hosted by Szeho Ng, Managing Director at China Renaissance, with additional 1-on-1 and small-group sessions.

Gallium nitride (GaN) is a next-generation semiconductor technology that runs up to 20x faster than legacy silicon chips. Navitas' proprietary GaN power ICs integrate GaN power (FET) and GaN drive plus control and protection in a single SMT package. These GaNFast™ power ICs become easy-to-use, high-speed, high-performance 'digital-in, power-out' building blocks and deliver up to 3x faster charging in half the size and weight, and with up to 40% energy savings compared with earlier silicon solutions. An estimated $13.1B electrification opportunity includes mobile fast chargers and adapters, data centers, solar energy, and EV.

"Thank you to the China Renaissance team for this opportunity to update key Asian investors on new GaN technology, recent design-wins with Lenovo, Xiaomi, vivo and Dell, and progress on our roadmap for high-power expansion markets," said Mr. Sheridan. "We'll also review highlights from our new GaN sustainability report, with crucial details like saving 4 kg CO₂ with every GaN IC shipped."

The Navitas NDR representatives will be Gene Sheridan, co-founder and CEO, Todd Glickman, CFO and Stephen Oliver, VP Corporate Marketing & Investor Relations.

To register for the NDR events, please contact Annie Liu, China Renaissance Corporate Access, via annieliu@huaxing.com.

About China Renaissance
China Renaissance ("CR") is a leading financial institution that combines private placement advisory, M&A advisory, securities issuance & underwriting, securities sales & trading, investment management and other financial services. Providing one-stop financial services across mainland China, Hong Kong and the United States, CR operates a competitive and unique international network that connects China's capital markets with the rest of the world, serving new economy entrepreneurs and investors globally.

China Renaissance has offices in Beijing, Shanghai, Hong Kong, Singapore and New York, with over 650 employees. As of December 31, 2020, China Renaissance had advised and invested on over 1,000 transactions worth over USD 1 trillion since its inception. As of June 30, 2021, the company's private equity funds had AUM over RMB 61 billion in new economy investments.

CR Securities (formerly known as "Huaxing Securities") is one of the first securities firms set up in accordance with 10th Supplementary Agreement of "Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA)". Since its establishment, CR Securities has assembled strong investment banking, fixed income, asset management, wealth management, securities brokerage, and research teams to serve existing and new clients.

About Navitas
Navitas Semiconductor (Nasdaq:NVTS) is the industry leader in GaN power ICs, founded in 2014. GaN power ICs integrate GaN power with drive, control and protection to enable faster charging, higher power density and greater energy savings for mobile, consumer, enterprise, eMobility and new energy markets. Over 145 Navitas patents are issued or pending, and over 35 million GaNFast power ICs have been shipped with zero reported GaN field failures. Navitas rang the opening bell and started trading on Nasdaq on October 20th, 2021.

Navitas Semiconductor, GaNFast and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited. 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 Corporate Marketing & Investor Relations
ir@navitassemi.com

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SOURCE Navitas Semiconductor

FAQ

What is Navitas Semiconductor's recent announcement regarding NVTS?

Navitas Semiconductor announced a non-deal roadshow with China Renaissance Securities on February 22, 2022.

What are the expected benefits of Navitas' GaN technology?

The GaN technology enables faster charging, higher power density, and up to 40% energy savings.

What companies have Navitas recently partnered with?

Navitas has established recent design wins with Lenovo, Xiaomi, vivo, and Dell.

What is the market opportunity for Navitas' GaN technology?

The market opportunity for electrification utilizing GaN technology is estimated at $13.1 billion.