Navitas Drives GaN into High-Power Markets at PCIM Europe

Rhea-AI Summary

Navitas Semiconductor (NASDAQ: NVTS) is leveraging its leadership in gallium nitride (GaN) technologies to expand into data centers, solar, and electric vehicle markets. The company will showcase its GaNFast power integrated circuits at PCIM 2022 in Nuremberg, Germany, from May 10 to 12. Navitas has achieved over 40 million shipments with zero reported failures and offers a benchmark 20-year warranty. CEO Gene Sheridan emphasized the strategic importance of Europe and highlighted partnerships with companies like Samsung and Xiaomi in the transition to higher-power applications.

Positive

• Achieved over 40 million shipments with zero reported GaN-related failures.
• Offers a 20-year limited warranty, enhancing product reliability.
• Expansion into high-demand markets such as data centers, EVs, and solar.
• Strong partnerships with major companies including Samsung and Xiaomi.

Negative

• None.

Leverages leadership in mobile fast chargers and benchmark 20-year warranty into data centers, solar and EV markets

EL SEGUNDO, Calif., April 01, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs) will highlight next-generation IC technologies and market advancement at Europe’s most prestigious power electronics conference, PCIM (Power, Control and Intelligent Motion) 2022 (May 10^th – 12^th, Nuremberg, Germany).

Gallium nitride (GaN) is a next-generation semiconductor technology that runs up to 20x faster than legacy silicon and enables up to 3x more power, 40% energy savings and 3x faster charging in half the size and weight. Navitas’ GaNFast™ power ICs integrate GaN power and drive plus sensing, protection and control to deliver simple, small, fast and efficient power conversion performance.

Recent announcements of 40,000,000 mass-production shipments with zero reported GaN-related field failures, and an industry-benchmark 20-year limited warranty have confirmed the quality and reliability of GaNFast ICs across multiple markets and applications with customers including Samsung, Xiaomi, Dell, Lenovo and LG. Application-specific GaN ICs tailored for data center, solar and EVs were sampled in late 2021, and PCIM provides the perfect opportunity to update customers on efficiency, power density, quality and reliability for these new, higher-power markets.

“Europe is a key market for Navitas, which is reflected in our growing team presence, our industry-leading focus on sustainability and the development of multiple GaN ICs families targeting 1kW to 20kW applications,” said Navitas CEO and co-founder Gene Sheridan. “With recent customer announcements from Brusa (EV), Enphase (solar) and especially Compuware (data center) with the looming EU 'Titanium+' Directive 2009/125/EC, plus application-specific design centers, we can demonstrate Navitas’ rapid progress into these strategic, higher-power markets.”

PCIM Europe will take place at the Nürnberg Messe from May 10-12, 2022. As well as showcasing the latest integrated GaNFast ICs with GaNSense™ technology, Navitas will give visitors to booth 523 (Hall 9) the chance to win a Tesla Model 3 Performance, worth over $60,000.

To book a meeting with Navitas at PCIM, please:

1. Book online at bit.ly/NavitasPCIM2022
2. Call +1 ThinkGaNIC (844-654-2642), or
3. Email Info@NavitasSemi.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, sensing 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 40 million units have been shipped with zero reported GaN field failures. Navitas rang the Nasdaq 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:

Stephen Oliver, VP Corporate Marketing & Investor Relations
ir@navitassemi.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7826ffc3-8ea3-4aec-b8b8-9722013a4af7

FAQ

What is Navitas Semiconductor showcasing at PCIM 2022?

Navitas Semiconductor is showcasing its GaNFast power integrated circuits at PCIM 2022 in Nuremberg, Germany.

What are the key features of Navitas' GaN technology?

Navitas' GaN technology runs up to 20x faster than silicon, improves power efficiency by 40%, and allows for three times faster charging in a smaller form factor.

What significant warranties does Navitas provide for its products?

Navitas offers a benchmark 20-year limited warranty for its GaNFast power integrated circuits.

Which major companies are partnering with Navitas in its market expansion?

Navitas is partnering with companies like Samsung, Xiaomi, Dell, Lenovo, and LG.

How many GaN shipments has Navitas Semiconductor made without failures?

Navitas has made over 40 million GaN shipments with zero reported failures.