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) 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.
Navitas Semiconductor (Nasdaq: NVTS) will showcase its advanced GaNFast and GeneSiC technologies at the IEEE Energy Conversion Congress & Expo (ECCE) from October 9-13, 2022, in Detroit, MI. These technologies promise significant energy savings, faster charging, and lower system costs. The company's GaNFast power ICs are tailored for 400 V-rated EV applications, while GeneSiC devices target 800 V-rail applications. Navitas claims that transitioning from silicon to GaN and SiC could accelerate EV adoption by as much as two years.
Navitas Semiconductor (Nasdaq: NVTS) will participate in electronica India 2022 from September 21-23, showcasing advanced GaN and SiC semiconductor technologies. The event, a major trade fair, will host around 700 exhibitors and expects over 26,000 visitors. Navitas will display its GaNSense™ half-bridge power ICs, which promise improved efficiency and reduced costs. The company aims to target key markets in India and South Asia, emphasizing sustainability and efficiency. The booth will also feature GeneSiC products acquired recently, enhancing Navitas's high-performance offerings.
Navitas Semiconductor (Nasdaq: NVTS) has launched GaNSense™ half-bridge power ICs, marking a significant advancement in power semiconductor technology. These ICs allow for MHz switching frequencies while reducing size and component count by over 60%, thereby lowering costs and enhancing reliability. The new ICs target markets such as mobile fast chargers, EVs, and data center power supplies. The initial products, NV6247 and NV6245C, are available with varying specifications, enhancing efficiency and energy savings in power electronics.
Navitas Semiconductor (Nasdaq: NVTS) will host an in-person investor meeting on September 13, 2022, at Nasdaq New York. The event will detail the recent acquisition of GeneSiC Semiconductor, highlighting synergies in gallium nitride (GaN) and silicon carbide (SiC) technology. CEO Gene Sheridan and CFO Ron Shelton will discuss market opportunities worth $22 billion by 2026 and potential CO2 emissions reductions of 6 Gton/year by 2050. Attendees can expect live demonstrations of applications in mobile, data center, EV, and more, with opportunities for Q&A.
Navitas Semiconductor (Nasdaq: NVTS) has announced acquisitions of GeneSiC and VDD Tech, targeting the $20B+/year gallium nitride (GaN) and silicon carbide (SiC) market to replace outdated silicon chips. This move positions Navitas to enhance its product offerings in high-power applications across various sectors, including EV, data centers, and renewable energy. The company, known for its innovative GaNFast power ICs, will also participate in the Deutsche Bank’s 2022 Technology Conference in Las Vegas from August 31 to September 1, 2022, highlighting its growth strategies and market potential.
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