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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) 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.
Navitas Semiconductor (Nasdaq: NVTS) announced its participation in a Taiwan Investor Meeting on December 7, 2022. The company, a leader in gallium nitride (GaN) and silicon carbide (SiC) technologies, is taking share from traditional silicon chips in a $22 billion market. Recently ranked 75th on the Deloitte Technology Fast 500™, Navitas will host a presentation, fireside chat, and networking session during the event. Interested investors can register via the link provided.
Navitas Semiconductor has been ranked the 75th fastest-growing company in North America by Deloitte Technology Fast 500™. This growth supports their mission to “Electrify Our World™”. The company, a leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, will participate in two significant investor conferences: the Wells Fargo TMT Summit on November 29, 2022, and the Barclays Global Technology Conference on December 7, 2022. Key executives including Gene Sheridan, Ron Shelton, and Stephen Oliver will represent the company.
Navitas Semiconductor (Nasdaq: NVTS) will present at the virtual Wide Bandgap Event from November 29 to December 2, focusing on advancements in GaN and SiC technologies. The event showcases the company’s GaNSense™ ICs and GeneSiC MOSFETs that enhance motor drive efficiency and foster innovation in high-power systems. With projected savings of up to 6 Gtons/yr in CO2 emissions by 2050, these technologies target a $22B/year market. Attendees include key industry players from sectors like EV and renewable energy.
Navitas Semiconductor (Nasdaq: NVTS) announced that its GaNSense™ half-bridge power ICs won the 'Best-in-Show' award from Embedded Computing Design at electronica 2022, the world's largest power electronics trade fair.
This award recognizes the innovation and market impact of the GaNSense ICs, which integrate two GaN FETs to reduce component count and footprint by over 60%. The products cater to diverse applications, shipping millions of units weekly for fast chargers and home appliances.
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