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 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.
Navitas Semiconductor (Nasdaq: NVTS) highlights its leadership in gallium nitride (GaN) power ICs, leading to record shipments in fast mobile charging. The company aims to expand its influence into high-power applications such as data centers, solar, and EV markets at the upcoming PowerUP EXPO 2022 (June 28-30). GaN technology offers significant advantages, running 20x faster than silicon, with 40% energy savings. The company is focused on sustainability and aims for a significant reduction in CO2 emissions. Navitas has shipped over 50 million units with zero reported failures.
Navitas Semiconductor (Nasdaq: NVTS) is set to participate in the GaN Marathon Workshop in Venice, Italy, from June 20-22, 2022. This event highlights advancements in gallium nitride (GaN) technology, which operates 20 times faster than traditional silicon. The company's GaNFast™ ICs ensure 3x faster charging with 40% energy savings, suitable for various markets. Matteo Uccelli will present a paper on GaNSense™ technology during the workshop. Navitas is recognized for its commitment to sustainability and innovation in power solutions.
Navitas Semiconductor (Nasdaq: NVTS) has reached a significant milestone with the shipment of 50 million units, alongside a 20-year warranty for its products. The company's innovative gallium nitride (GaN) technology, which operates 20 times faster than traditional silicon, offers up to 40% energy savings and compact size. Navitas will showcase its GaN solutions at the TSMC 2022 North America Technology Symposium on June 16, 2022, demonstrating advancements in mobile charging and data center applications. The company is also recognized for its commitment to sustainability, being a CarbonNeutral® certified entity.
Navitas Semiconductor, a leader in gallium nitride (GaN) power ICs, announced its participation in several upcoming investor conferences aimed at advancing its mission to "Electrify Our World™". Key events include a virtual fireside chat on May 31, 2022, with CEO Gene Sheridan, followed by the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, 2022. Additional conferences include the Baird Global Consumer, Technology & Services Conference on June 6, and the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, along with a series of virtual engagements throughout June.
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