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Navitas Semiconductor Corporation (Nasdaq: NVTS) is a leading innovator in the power semiconductor industry, headquartered in El Segundo, California. The company is renowned for its groundbreaking introduction of the world’s first and fastest AllGaN™ power ICs, which revolutionize high-frequency, high-efficiency, and high-density power electronics. These GaNFast™ power ICs integrate gallium nitride (GaN) power with drive, control, and protection mechanisms, enabling faster charging, higher power density, and significant energy savings across various markets including mobile, consumer, enterprise, eMobility, and new energy.
Formed in 2014, Navitas leverages over 150 years of combined expertise in power semiconductors and holds more than 250 patents. The company’s patented GaN technology spans core device, circuit, packaging, and system technologies, further reinforced by extensive trade secrets, access to over $100 million of R&D equipment, and ongoing collaboration with the Hughes Research Lab (HRL).
Navitas operates globally across key markets such as China, Europe, the United States, and other parts of Asia. A significant portion of its revenue is generated from China. The company focuses on creating ultra-efficient GaN semiconductors that replace legacy silicon power chips, delivering superior high-frequency and high-efficiency characteristics. This shift is pivotal in the fast adoption of electric vehicles (EVs), the transition to renewable energy sources, and advancements in data center technologies.
Recent achievements include the establishment of a joint lab with SHINRY in Shenzhen. This collaboration promises to accelerate the development of advanced battery-electric and fuel-cell vehicle power platforms, leveraging Navitas' leading-edge GaN technology. Furthermore, Navitas has introduced a 3.2kW data center power platform and plans to develop even more powerful systems to meet the escalating demands of AI data centers.
Financially, Navitas concluded 2023 with record revenue growth, doubling its annual revenue. The company’s robust customer pipeline includes significant new wins in AI data centers, home appliances, solar inverters, and satellite internet projects, positioning it well for continued growth in 2024 and beyond. For the first quarter of 2024, the company projects net revenues of $23 million and maintains a focus on expanding its footprint in various high-growth markets.
Navitas prides itself on sustainability, being the first semiconductor company to be CarbonNeutral®-certified. The company’s product range includes complementary GeneSiC™ power devices optimized for high-power, high-voltage, and high-reliability applications. With a dedication to innovation and a strong commitment to environmental responsibility, Navitas continues to push the boundaries of power semiconductor technology.
Navitas Semiconductor (Nasdaq: NVTS) will announce its fourth quarter and full year 2022 financial results on February 23, 2023, after market close. A conference call, including a live webcast, will take place at 2:00 p.m. Pacific / 5:00 p.m. Eastern to discuss the results and address analyst questions. Navitas specializes in GaN power integrated circuits, focusing on fast charging and high energy efficiency across sectors such as EV, consumer electronics, and data centers. The company has achieved significant milestones, including over 70 million GaN units shipped and holds over 185 patents, reinforcing its position in the power semiconductor market.
Navitas Semiconductor (Nasdaq: NVTS) is set to showcase its innovative gallium nitride (GaN) and silicon carbide (SiC) power semiconductors at APEC 2023 in Orlando from March 20-23. The 'Planet Navitas' exhibition will highlight solutions for electrification across various sectors, targeting a $22 billion market. Key benefits include increased efficiency, portability, and reduced carbon emissions, with technology projected to save over 6 Gtons of CO2 annually by 2050. The event will feature technical presentations on power electronics, showcasing Navitas's commitment to sustainability and innovative power solutions.
Navitas Semiconductor (Nasdaq: NVTS) announced its GaNSense half-bridge power ICs (NV62xx) have received the Power Product of the Year award from Electronic Products Magazine. This innovative technology integrates two GaN FETs with drive, control, sensing, and protection, reducing component count and size by over 60%. The company's GaNFast™ power ICs, first mass-produced in 2018, have positioned Navitas as a leader in mobile fast charging. With over 70 million GaN units shipped and a strong commitment to sustainability, the recognition underlines Navitas' dedication to high-performance power electronics.
Navitas Semiconductor (Nasdaq: NVTS) and KATEK GROUP announce the integration of GeneSiC silicon carbide (SiC) MOSFETs into KATEK's coolcept fleX solar inverters, enhancing efficiency, cost, size, and weight. These advancements are projected to significantly expand market size as solar power capacity is set to outpace natural gas by 2026 and coal by 2027, with a threefold increase expected from 2022-2027. The new technology promises a 25°C case temperature reduction and a threefold lifespan increase compared to legacy silicon chips, aligning with the sustainability goals represented by the UN’s Sustainable Development Goals.
Navitas Semiconductor (Nasdaq: NVTS) announced its acquisition of the remaining minority interest in its silicon control IC joint venture from Halo Microelectronics for $20 million in Navitas stock. This acquisition is expected to enhance Navitas' capabilities in gallium nitride (GaN) and silicon carbide (SiC) technologies, targeting over $1 billion in addressable market potential by 2026. The joint venture, established in 2021, has already produced products for various applications, including consumer electronics and EVs. The acquisition aims to integrate critical silicon controller capabilities, positioning Navitas for influence in customer architecture decisions regarding next-gen power electronics.
Navitas Semiconductor (Nasdaq: NVTS) is set to showcase its advancements in gallium nitride (GaN) and silicon carbide (SiC) technologies at the 25th Annual Needham Growth Conference on January 11, 2023. The company aims to highlight a significant $22 billion market opportunity and environmental benefits, including a potential 6 Gton/year CO2 reduction. Senior executives, including CEO Gene Sheridan and CFO Ron Shelton, will participate in discussions, emphasizing their role as a pure-play semiconductor leader focusing on environmentally friendly power solutions.
Navitas Semiconductor (Nasdaq: NVTS) announced its participation at CES 2023 with the launch of “Navitas Presents:”, a speaker series showcasing next-generation GaN power ICs. The event will feature industry leaders, including Anker, OnePlus, Spigen, and Ugreen, discussing advancements in fast charging and sustainable technology. This initiative highlights the importance of GaN technology in enhancing device performance and efficiency while promoting sustainability. The event runs from January 5-8, 2023, in Las Vegas, NV.
Navitas Semiconductor (Nasdaq: NVTS) will debut its Planet Navitas exhibit at CES 2023, showcasing next-generation power semiconductor technologies including gallium nitride (GaN) and silicon carbide (SiC). The event highlights innovations aimed at sustainable electrification across various sectors, targeting a $22B annual market. Key attractions include live presentations on power solutions, gaming experiences with rapid charging technology, and opportunities to win prizes including a Tesla. Navitas emphasizes its leadership in GaN and SiC markets, projecting significant CO2 savings by 2050.
Navitas Semiconductor has been recognized as the 75th fastest-growing company in North America according to the 2022 Deloitte Technology Fast 500™. The company continues its mission to "Electrify Our World™" and has announced participation in three investor conferences. Key dates include December 6th with China Renaissance, December 7th with Fubon Securities, and December 8th with CICC. Navitas is a leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, supporting various markets including EV and data centers.
Navitas Semiconductor has announced its advanced GaNFast™ power ICs are utilized in Xiaomi's ultra-fast chargers for the Redmi Note 12 Pro+ and Redmi Note 12 Explorer. The 210 W charger can achieve a full charge in just 9 minutes, while the 120 W charger fully charges in 19 minutes. This innovation enhances the smartphone's performance and charging capabilities. The collaboration highlights the effectiveness of Navitas' GaNFast technology in high-density power solutions. The company continues to lead in power semiconductor advancements, focusing on eco-friendly products.
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