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 announced its GaNFast technology is utilized in the TurboPower 68W charger for the motorola edge+ (2022). This charger enables users to charge over 50% of the device in just 15 minutes. The TurboPower 68W is compact and lightweight, measuring 58 x 41 x 28 mm, and features built-in protections for safe charging. GaN technology offers charging speeds up to 20x faster than conventional silicon chips, promoting efficiency and sustainability with each unit saving 4 kg of CO2 emissions.
Navitas Semiconductor (Nasdaq: NVTS) announces the launch of the NV6169, a high-power 650/800 V-rated GaNFast™ power IC designed for demanding applications like 4K/8K TVs, gaming systems, and solar microinverters. This technology boasts 20x faster speeds than traditional silicon, with significant energy savings and size reductions. The NV6169 features a 36% decrease in on-resistance, enhancing power output by 50%. With zero reported failures from over 50 million GaN chips shipped, the NV6169's robust design includes industry-leading ESD ratings and a 20-year warranty, targeting higher-power markets.
Navitas Semiconductor (Nasdaq: NVTS) will report its first quarter 2022 financial results on May 12, 2022, after market close. A conference call will follow at 2:00 p.m. Pacific Time to discuss the results. Navitas specializes in gallium nitride (GaN) power ICs, which outperform traditional silicon chips by running up to 20 times faster, offering up to 3 times more power and energy savings while being more compact. The company has shipped over 40 million units with zero reported field failures, emphasizing quality and sustainability.
Navitas Semiconductor announced its next-gen GaNFast™ power ICs with GaNSense™ technology are now powering vivo’s X Fold smartphone's in-box 80W flash charger. The charger charges to 50% in 17 minutes and fully in 37 minutes, featuring dual USB-C outputs for simultaneous device charging. GaN technology allows for 3x faster charging and up to 40% energy savings compared to traditional silicon. Navitas aims for an efficient, environmentally-friendly future, saving 4 kg of CO2 for every GaN IC shipped.
Navitas Semiconductor (Nasdaq: NVTS) announced CEO Gene Sheridan will speak at the 36th CS MANTECH conference in Monterey, California, from May 9-12, 2022. His presentation, titled ‘GaN’s expected Impact on the Power Electronics Industry to Electrify Our World’, will address the transition from silicon to gallium nitride (GaN) technologies in power electronics. GaNFast™ ICs promise enhanced energy efficiency and reduced CO2 emissions, potentially saving over 10 million tons of CO2 annually in datacenters and accelerating EV adoption by 3 years.
Navitas Semiconductor (Nasdaq: NVTS) has joined PowerAmerica, a consortium focused on advancing gallium nitride (GaN) and silicon carbide (SiC) technologies. This collaboration aims to accelerate the adoption of wide-bandgap (WBG) semiconductors, which offer significant improvements over traditional silicon in terms of speed, power, and energy efficiency. Navitas' innovative GaNFast™ power ICs enable faster charging and energy savings, with a notable track record of zero field failures. The company will also host a seminar at the PowerAmerica 2022 Summer Workshop to showcase these advancements.
Navitas Semiconductor (NASDAQ: NVTS) is leveraging its leadership in gallium nitride (GaN) technologies to expand into data centers, solar, and electric vehicle markets. The company will showcase its GaNFast power integrated circuits at PCIM 2022 in Nuremberg, Germany, from May 10 to 12. Navitas has achieved over 40 million shipments with zero reported failures and offers a benchmark 20-year warranty. CEO Gene Sheridan emphasized the strategic importance of Europe and highlighted partnerships with companies like Samsung and Xiaomi in the transition to higher-power applications.
Navitas Semiconductor (Nasdaq: NVTS) has unveiled a groundbreaking 20-year limited warranty for its GaNFast technology, significantly exceeding the lifespan of typical silicon and other power semiconductors. This advancement aims to accelerate the adoption of GaN technology across data center, solar, and EV markets. With over 40 million units shipped and zero reported GaN-related failures, this warranty reflects Navitas' commitment to reliability and sustainability, potentially saving up to 2.6 Gtons CO2 annually by 2050 through faster GaN adoption.
Navitas Semiconductor (Nasdaq: NVTS) has achieved a significant milestone by shipping over 40 million GaN power ICs with zero reported field failures. This accomplishment highlights the company's strong presence in the mobile fast charger market, servicing major clients like Samsung and Dell. Moving forward, Navitas anticipates revenue from higher-power markets, including data centers and solar, commencing in 2022. The company projects significant growth in GaN IC opportunities, estimating the global power semiconductor market could reach $13.1 billion by 2026.
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?
