Navitas Highlights $13B GaN IC Market and up to 2.6 Gton/year CO2 Savings at CICC Investor Conference

Rhea-AI Summary

Navitas Semiconductor (Nasdaq: NVTS) announced its participation in the CICC Investor Conference on March 1, 2022, highlighting the $13B gallium nitride (GaN) IC market and potential CO2 savings of up to 2.6 Gtons/year. GaN technology offers performance up to 20x faster than silicon, promising significant energy savings and a reduction in emissions. CEO Gene Sheridan emphasized GaN's crucial role in sustainability, benefiting companies like Xiaomi and Lenovo. The conference aims to share insights on the growing demand for GaN solutions.

Positive

• Participation in CICC Investor Conference boosts visibility.
• $13B market opportunity in GaN ICs enhances growth potential.
• GaN technology runs up to 20x faster than legacy silicon.
• Up to 2.6 Gtons/year CO2 emissions savings aligns with sustainability trends.

Negative

• None.

EL SEGUNDO, Calif., Feb. 28, 2022 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs) has announced its participation at CICC (China International Capital Corporation Limited) Investor Conference being held virtually at 8pm EST March 1st (US) / 9am March 2nd (Hong Kong) 2022.

Navitas Highlights $13B GaN IC Market and up to 2.6 Gton/year CO2 Savings at CICC Investor Conference

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. Markets include mobile fast and ultra-fast chargers and adapters, data centers, solar energy, and EV.

"We're grateful to CICC for this chance to update investors on the $13B GaN opportunity, which is not only a critical, enabling, fast-charging technology for customers like Xiaomi, Lenovo and OPPO, it's a crucial sustainability factor too," said Gene Sheridan, Navitas CEO and co-founder. "With a net-benefit of 4 kg CO₂ for every IC shipped, GaN saves up to 2.6 Gtons/year of CO₂ emissions by the Paris Accord target, 2050."

To access the conference, click: www.bit.ly/CICC-Navitas , passcode 207960.

About CICC
China International Capital Corporation Limited (CICC, 601995.SH, 3908.HK) is China's first joint-venture investment bank and a pioneer of adopting the best international practices in China. CICC has a track record of professional services includes a number of precedent-setting transactions, demonstrating our deep participation in China's economic reform and development. Headquartered in Beijing, CICC have a number of subsidiaries across Chinese mainland and have established branch companies in Shanghai, Shenzhen, Xiamen, Chengdu, Hangzhou and Jinan with more than 200 securities branches across 29 provinces and municipalities nationwide.

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

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SOURCE Navitas Semiconductor

FAQ

What is Navitas announcing at the CICC Investor Conference?

Navitas is highlighting its participation at the CICC Investor Conference, focusing on the $13B GaN IC market and its potential for significant CO2 savings.

When is the CICC Investor Conference taking place?

The CICC Investor Conference is scheduled for 8pm EST on March 1, 2022, and 9am on March 2, 2022, in Hong Kong.

What are the benefits of Navitas' GaN technology?

Navitas' GaN technology offers up to 20x faster performance than silicon, energy savings of up to 40%, and facilitates faster charging solutions.

How much CO2 can Navitas' GaN technology save?

Navitas' GaN technology could save up to 2.6 Gtons of CO2 emissions per year, equating to a net benefit of 4 kg CO2 for every IC shipped.