Navitas to Present Next-Gen Semiconductors at Taiwan Investor Fireside Chat

Rhea-AI Summary

Navitas Semiconductor (Nasdaq: NVTS) has announced its participation in the Taiwan Investor Fireside Chat on August 18, 2022. The event, hosted by Mesh Ventures, will feature a discussion led by co-founder Gene Sheridan and CFO Ron Shelton, highlighting recent developments in their GaN power ICs.

The company targets a $13 billion annual market opportunity by 2026, expanding from mobile fast-chargers into higher-power sectors like consumer electronics and data centers. Navitas emphasizes its environmentally-friendly technology, significantly reducing CO₂ emissions.

Market-leader in GaN ICs expands from mobile fast-chargers into higher-power consumer, EV, solar, and data centers, with $13B market opportunity.

EL SEGUNDO, Calif., Aug. 15, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry leader in gallium nitride (GaN) power ICs, has announced its participation in the Taiwan Investor Fireside Chat hosted by Mesh Ventures. The virtual meeting is scheduled for Thursday, August 18^th at 9:30 p.m. US EDT / Friday, August 19^th at 9:30 a.m. in Taiwan.

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 with GaNSense™ technology integrate GaN power and drive, plus control, sensing, and protection to deliver simple, small, fast, and efficient performance. Customers include Samsung, Dell, Lenovo, Xiaomi, OPPO, Anker, Amazon, and LG. With over 165 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’ co-founder and CEO, Gene SHERIDAN, and CFO Ron SHELTON will review recent product, application, and market developments with a short presentation and live ‘fire-side’ chat with Q&A. To participate, investors should register online via the Mesh Ventures website.

“This fire-side chat is an excellent opportunity for Taiwanese investors to access this next-generation GaN technology and interact with Navitas management in real-time,” said Edward CHYAU, Managing Partner at Mesh Ventures. “As an existing investor, we can speak from experience about how the Navitas team is dedicated to both company revenue growth and ensuring that customers benefit from this leading-edge, environmentally-beneficial technology.”

GaN power ICs have up to 10x lower CO₂ footprint than legacy silicon chips. The higher efficiency and smaller size of the end equipment mean that customers can accelerate progress on their own carbon net zero plans. As Navitas helps to “Electrify Our World™,” GaN is forecasted to address over 2.6 Gtons of CO₂ annually by 2050.

“Taiwan is an important focus for Navitas, with a strong manufacturing base for our GaN power IC, plus an established customer base,” said Gene Sheridan, Navitas’ co-founder and CEO. “This VIP meeting is an excellent chance to talk with members of the Taiwanese investment community to highlight our growth plans and expansion into new markets, such as consumer electronics and data centers. Overall, we estimate a $13 billion/year GaN electrification opportunity by 2026, and we are grateful to Mesh for this platform to meet with future-thinking investors.”

About Mesh Ventures
Mesh Ventures is a leading venture capital investor based in Taipei, Taiwan, with a global ecosystem of cross-industry partners spanning corporations, industry leaders, subject matter experts, academia, financial institutions, and professional services. Our network helps us discover new technologies and businesses, analyze technology landscapes, verify supply and demand, and act on opportunities. Our network helps our portfolio companies to address product development issues, align supply chain partners, develop vital strategic relationships, and identify key customers. For our corporate partners, comprised of leading Asian & US semiconductor, electronics, automotive, and industrial companies, we help them engage with cutting-edge enabling technologies and applications.

About Navitas 
Navitas Semiconductor (Nasdaq: NVTS) is the industry leader in gallium nitride (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, data center, EV, and new-energy markets. Over 165 Navitas patents are issued or pending. Over 50 million units have been shipped with zero reported GaN field failures, and Navitas introduced the industry’s first and only 20-year warranty. Navitas is the world’s first semiconductor company to be CarbonNeutral®-certified.

Navitas Semiconductor, GaNFast, GaNSense, 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 of Corporate Marketing & Investor Relations
ir@navitassemi.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a806d305-c17d-4557-b969-64c60573cd3d

FAQ

What is the date of Navitas Semiconductor's participation in the Taiwan Investor Fireside Chat?

Navitas Semiconductor will participate in the Taiwan Investor Fireside Chat on August 18, 2022.

What market opportunity is Navitas Semiconductor targeting by 2026?

Navitas Semiconductor is targeting a $13 billion annual market opportunity by 2026.

Who will present at the Taiwan Investor Fireside Chat for Navitas Semiconductor?

Co-founder Gene Sheridan and CFO Ron Shelton will present at the Taiwan Investor Fireside Chat.

What technology does Navitas Semiconductor specialize in?

Navitas Semiconductor specializes in gallium nitride (GaN) power ICs.

How does Navitas Semiconductor's technology impact CO2 emissions?

Navitas Semiconductor's GaN power ICs have a CO2 footprint that is up to 10 times lower than legacy silicon chips.