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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) 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.
Navitas Semiconductor (Nasdaq: NVTS) has announced a partnership with OnePlus to power the ultra-fast charging capabilities of its new OnePlus 10T smartphone. This next-gen GaNFast charger enables a complete charge from 1-100% in just 19 minutes. The launch event for the 10T took place in New York, highlighting Navitas' innovative GaN power ICs, which offer 3x faster charging and 40% energy savings compared to traditional silicon solutions. With over 50 million units shipped, Navitas maintains a zero failure rate in the field.
Navitas Semiconductor (Nasdaq: NVTS) will announce its Q2 2022 financial results on August 15, 2022, after market close. A live conference call and webcast will follow at 2:00 PM Pacific. The company specializes in gallium nitride (GaN) power ICs, which offer significant advantages over traditional silicon chips, including faster performance, higher power density, and lower costs. Navitas emphasizes sustainability, claiming each GaNFast IC shipment saves 4 kg of CO2 emissions. The firm has issued or pending over 165 patents and has shipped over 50 million units without reported field failures.
Navitas Semiconductor (Nasdaq: NVTS) has announced a significant milestone, achieving a savings of 100,000 tons of CO2 emissions as it replaces traditional silicon chips with its GaNFast™ power ICs. Each GaN power IC saves approximately 4 kg of CO2, contributing to a larger goal of reducing 2.6 Gtons of CO2 annually by 2050. This leap in sustainability is supported by a comprehensive life-cycle assessment, revealing the environmental advantages of GaN over silicon in terms of manufacturing and end-use CO2 emissions.
Navitas Semiconductor (Nasdaq: NVTS) announced that its COO/CTO, Dan Kinzer, will present at the PowerAmerica's 2022 Wide Band-gap Summer Workshop on August 2nd. The presentation titled “Advancing GaN Power Integration” focuses on enhancing efficiency and reliability in power electronics using GaN technology. With over 50 million GaN ICs shipped to top consumer brands, the company's innovative GaNFast™ ICs promise 40% energy savings and 3x faster charging. Navitas is leading in the transition from legacy silicon to GaN technology in the $4B+ mobile and consumer market.
Navitas Semiconductor (Nasdaq: NVTS) announced its sponsorship of the 12th China International New Energy Vehicle (NEV) Forum on August 4-5, 2022. GaN technology promises 3x faster charging, 20x faster performance than silicon, and 40% energy savings. The company's GaNFast™ ICs integrate various functions to optimize EV performance. The shift to GaN is projected to enhance EV range and reduce costs by 5%, potentially cutting CO2 emissions by 20% annually by 2050, supporting the Paris Accord. Navitas has also achieved CarbonNeutral® certification.
Anker Innovations has announced a partnership with top industry leaders in Gallium Nitride (GaN) technology to create advanced charging solutions. This collaboration includes Infineon and Navitas, enabling Anker to develop higher-watt GaN chargers capable of over 100W output, boasting system efficiency rates of up to 97%. Their technology promises reduced energy loss and a 30% smaller carbon footprint compared to legacy solutions. Anker's new chargers will feature the latest version of PowerIQ for optimized charging, with a virtual launch event scheduled for July 25, 2022.
Navitas Semiconductor (Nasdaq: NVTS) announced its acquisition of VDD Tech, specializing in advanced digital-isolators, aimed at enhancing power conversion for various high-power markets including consumer electronics, EVs, and data centers. This acquisition leverages VDD Tech's unique technologies, promising improved size, weight, and cost efficiencies. CEO Gene Sheridan noted this technology could unlock a $1B/year market opportunity, contributing to Navitas' mission to reduce CO2 emissions and drive the adoption of wide-band-gap semiconductors.
Navitas Semiconductor (Nasdaq: NVTS) is showcasing significant advances in gallium nitride (GaN) technology at the 2022 Asia Charging Expo in Shenzhen, China, from July 18-20. GaN technology operates 20 times faster than traditional silicon, enabling 3 times the charging power while saving 40% energy. Navitas has shipped over 50 million units with zero failures and is set to discuss its role in achieving 'Net-Zero' climate goals. The company is also recognized as CarbonNeutral® certified, emphasizing its commitment to sustainability.
Navitas Semiconductor (Nasdaq: NVTS) announced that Xiaomi's latest RedmiBook Pro laptops will include 100 W fast chargers powered by GaNFast technology. The chargers are ultra-compact and can fast-charge from 0-50% in under 40 minutes, enhancing user experience for gamers and high-performance users. Key features include a power density of 0.91 W/cc and compatibility with various devices. Xiaomi's senior VP noted this innovation marks a shift in laptop charging technology, while Navitas emphasizes the significance of reduced size and improved performance.
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