Navitas CEO to "Electrify Our World™" at 24th Needham Growth Conference

Rhea-AI Summary

Navitas Semiconductor (Nasdaq: NVTS) announced CEO Gene Sheridan's participation in the 24th Needham Growth Conference on December 23, 2021. The conference will showcase opportunities in GaN power ICs, which run 20x faster than silicon and reduce energy use by up to 40%. Navitas aims to address a $13 billion market while potentially reducing 2.6 Gton CO₂. The company holds over 130 patents and has shipped more than 30 million GaNFast power ICs with no reported failures, establishing its leadership in the GaN semiconductor sector.

Positive

• Navitas has over 130 patents issued or pending in GaN technology.
• The company shipped over 30 million GaNFast power ICs without any reported failures.
• Participation in the Needham Growth Conference offers exposure to a $13B market.
• GaN technology enables significant advantages: 20x speed, 3x charging speed, and 40% energy savings.

Negative

• None.

EL SEGUNDO, Calif., Dec. 23, 2021 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in GaN power integrated circuits (ICs) has announced that CEO and co-founder Gene Sheridan will be participating with a presentation and 'fire-side chat' at the 24^th annual Needham Growth Conference (NGC).

Navitas is honored to be participating in the NGC.

 The Needham conference provides investors with insight into the rapidly-evolving emerging-growth-company environment and deliver investable themes to senior company executives, institutional investors, and private equity and growth/venture capital investors. Navitas will be participating in the Semiconductors track, where they will highlight opportunities for technologies built around integrated GaN ICs.

GaN is a next-generation semiconductor technology that runs up to 20x faster than legacy silicon and enables up to 3x more power and 3x faster charging, with up to 40% energy savings in half the size and weight. Navitas' GaNFast™ power ICs integrate GaN power and drive plus protection and control to deliver simple, small, fast and efficient performance. With over 130 patents issued or pending, and significant trade secrets including a proprietary process design kit (PDK), Navitas believes it has a multi-year lead in next-generation GaN power ICs.

"Navitas is honored to be participating in the NGC, a flagship conference that is one of the largest US events for growth stock investing," said Navitas CEO and co-founder Gene Sheridan. "For Navitas this presents a valuable forum to not only discuss a $13B market for GaN but also the potential 2.6 Gton CO₂ reduction opportunity as we work to "Electrify Our World™".

To attend the Navitas presentation, follow this link. For more information on the conference, please call (212) 371-8300 or visit needhamco.com.

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 130 Navitas patents are issued or pending, and over 30 million GaNFast power ICs have been shipped with zero reported GaN field failures. Navitas rang the Nasdaq opening bell and started trading on Nasdaq on October 20th, 2021, with an enterprise value over $1B and over $320M gross capital raise.

Navitas Semiconductor, GaNFast and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor. 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 focus at the Needham Growth Conference?

Navitas Semiconductor will highlight opportunities in GaN power integrated circuits at the Needham Growth Conference.

What are the advantages of Navitas' GaN technology?

Navitas' GaN technology runs 20x faster than legacy silicon, allows for 3x faster charging, and provides up to 40% energy savings.

How many GaNFast power ICs has Navitas shipped?

Navitas has shipped over 30 million GaNFast power ICs with zero reported failures.

What potential market does Navitas aim to address?

Navitas aims to capture a $13 billion market for GaN technology.

What environmental impact does Navitas claim to have?

Navitas claims a potential opportunity to reduce 2.6 Gton of CO2 emissions as part of its mission.