Welcome to our dedicated page for Navitas Semiconductor Corporation news (Ticker: NVTS), a resource for investors and traders seeking the latest updates and insights on Navitas Semiconductor Corporation stock.
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) has launched its next-gen GaNFast power ICs for the 125 W charger of Motorola's flagship smartphone, the X30 Pro. Users can charge their devices from 1% to 50% in just 7 minutes, greatly enhancing the charging experience. This charger, designed to be lightweight and compact, utilizes two NV6134A GaN ICs to achieve a power density of 1.42 W/cc, offering up to 3x faster charging and 40% energy savings compared to traditional silicon options. The collaboration aims to redefine smartphone charging capabilities.
Navitas Semiconductor (NASDAQ: NVTS) and Avnet Silica will collaborate to enhance the European market for GaNFast™ power ICs, utilizing Gallium-Nitride (GaN) technology. This partnership aims to leverage their combined expertise to support customers in the EMEA region. GaN technology offers superior performance, operating up to 20 times faster than silicon, and can lower system costs by 20%. The two companies will focus on delivering advanced energy-efficient solutions for various applications, ensuring faster time-to-market and compliance with efficiency standards.
Navitas Semiconductor Corporation (NVTS) reported a strong Q3 2022 with net revenues of $10.2 million, marking an 82% increase from Q3 2021 and a 19% increase from the previous quarter. However, GAAP gross margin fell to 3.8% from 46.2% year-over-year, leading to a GAAP loss from operations of $37.4 million. Notably, long-term agreements for SiC have facilitated a planned 5x capacity increase in 2023. The company anticipates Q4 2022 revenues between $11.0 million and $13.0 million, with a gross margin around 40%.
Navitas Semiconductor (Nasdaq: NVTS) and VREMT have launched an advanced R&D laboratory for electric vehicle (EV) power semiconductors in Ningbo, PRC. The lab, inaugurated on November 1, 2022, aims to enhance EV systems using Navitas’ GaNFast and GeneSiC technology. These cutting-edge 'wide bandgap' semiconductors promise improved efficiency, faster charging, and cost reductions compared to silicon alternatives. This collaboration aligns with both companies' goals of achieving carbon neutrality and accelerating the transition to cleaner vehicles.
Navitas Semiconductor (Nasdaq: NVTS) announced it will report Q3 2022 financial results on November 9, 2022. The company, a leader in next-generation power semiconductors, integrates GaN technology for efficient performance with an estimated market opportunity of over $22 billion by 2026. Over 50 million GaNFast ICs have been shipped with zero reported failures and the industry’s first 20-year warranty. The call will provide insights into financial results and future outlook for investors and analysts.
Navitas Semiconductor (Nasdaq: NVTS) announced its participation at the IEEE WiPDA Workshop from November 7-9, 2022, showcasing innovations in gallium nitride (GaN) and silicon carbide (SiC) technologies. Co-founder Dan Kinzer will deliver a keynote on the $22 billion market potential for these technologies, focusing on their applications in ultra-fast chargers, data centers, and EVs. The workshop emphasizes wide bandgap technology and research advancements. Navitas continues to lead in integrating power ICs, enhancing efficiency, size, and cost savings for diverse markets.
Navitas Semiconductor (Nasdaq: NVTS) is participating in the 2022 China Power Electronics and Energy Conversion Congress from November 4-7, showcasing its industry-leading GaN and SiC technologies. With over $22 billion market potential by 2026, Navitas aims to revolutionize power electronics. The company has shipped over 50 million GaNFast ICs with zero field failures, supported by a 20-year warranty. The event will feature keynotes and exhibitions on their latest innovations, including GaNSense and GeneSiC technologies, aimed at enhancing performance across various sectors.
Navitas Semiconductor (Nasdaq: NVTS) announced that Dr. Ranbir Singh, EVP of its GeneSiC business unit, was inducted into the North Carolina State University’s (NCSU) Electrical and Computer Engineering Alumni Hall of Fame on October 21, 2022. This honor recognizes Dr. Singh for his contributions to silicon carbide (SiC) technology and advancement in high-power, high-voltage applications. Under his leadership, GeneSiC Semiconductor has become a market leader, contributing to Navitas's innovative semiconductor solutions.
Navitas Semiconductor (Nasdaq: NVTS) will showcase its cutting-edge GaNFast™ and GeneSiC™ technologies at Electronica 2022 from November 15-18 in Germany. The company aims to capitalize on a $22B/year market opportunity, fueled by its range of wide bandgap semiconductors for applications from fast chargers to EV designs. New products include 650V GaNSense ICs and high-temperature GeneSiC MOSFETs. Navitas will also engage in panel discussions to enhance market presence and accelerate design wins.
FAQ
What is the current stock price of Navitas Semiconductor Corporation (NVTS)?
What is the market cap of Navitas Semiconductor Corporation (NVTS)?
What does Navitas Semiconductor Corporation specialize in?
Where is Navitas Semiconductor Corporation headquartered?
What are some key markets for Navitas’ products?
What recent collaborations has Navitas engaged in?
How many patents does Navitas hold?
What makes Navitas’ GaN technology superior to silicon?
What financial milestones did Navitas achieve in 2023?
Is Navitas focused on sustainability?
What is the significance of Navitas’ partnership with Hughes Research Lab?
How does Navitas support its customers in data center markets?
