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) will showcase its GaN power ICs at APEC 2022 in Houston, March 20-24. The event will emphasize Navitas' leadership in mobile fast chargers and entry into higher-power markets like data centers and EVs. The company's GaN technology promises to enhance energy efficiency, significantly reducing reliance on fossil fuels. Attendees can participate in giveaways including fast chargers and a chance to win a Tesla Model 3, valued over $60,000. This marks Navitas' first APEC as a publicly traded company since its IPO in October 2021.
Navitas Semiconductor Corporation (Nasdaq: NVTS, NVTSW) announced its decision to redeem all outstanding publicly traded and privately held warrants for $0.10 each, effective at 5:00 p.m. on March 7, 2022. This redemption follows compliance with specific stock price conditions under the Warrant Agreement. Warrant holders can exercise their rights until the redemption deadline, with options for cash or a cashless exercise method. If unexercised, the warrants will become void. Navitas, a leader in GaN power ICs, has reported over 35 million units shipped, adhering to strict quality standards.
Navitas Semiconductor (Nasdaq: NVTS) announced it will release its fourth quarter and full year 2021 financial results on February 15, 2022, post-market close. A conference call is scheduled for the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern to discuss these results. With a growing portfolio and over 35 million GaNFast power ICs shipped, the company holds over 130 patents, strengthening its position in the GaN power market. This event invites analysts to gain insights into the company’s performance and future outlook.
Navitas Semiconductor (Nasdaq: NVTS) will participate in Baird's Vehicle Technology & Mobility Conference on January 25, 2022, at 2:55 PM EST. The company emphasizes the advantages of gallium nitride (GaN) power integrated circuits (ICs), including 3x faster charging speeds and up to 70% energy savings compared to traditional silicon solutions. GaN technology could enhance electric vehicle (EV) range or cut battery costs by 5%, potentially accelerating global EV adoption by three years. CEO Gene Sheridan highlighted GaN's role in reducing CO2 emissions by 20% per year by 2050.
Navitas Semiconductor announces that its next-gen GaNFast power IC is used in the 120W ultra-fast charger for vivo's flagship iQOO 9 Pro smartphone. The charger can fully charge the phone's 4,700 mAh battery in just 19 minutes, while its compact design is 26% smaller than previous models, achieving 1.3 W/cc power density. This GaN technology offers 3x faster charging with up to 40% energy savings while reducing CO2 footprints by 30% compared to silicon chargers. The partnership highlights Navitas' leadership in GaN technology, enhancing consumer charging experiences.
Navitas Semiconductor has introduced its GaNFast™ gallium nitride (GaN) ICs, powering OPPO's 50W ultra-thin 'League of Legends' fast charger. This innovative charger is notable for its lightweight design and a unique lanyard charging cable. Utilizing two 2MHz-rated NV6115 GaNFast ICs, it achieves high efficiency with a form factor of 82 x 39 x 10.5 mm, making it the world's thinnest and lightest of its kind. The collaboration reflects the ongoing advancements in GaN technology, offering consumers a faster charging experience while integrating gaming aesthetics.
Navitas Semiconductor (Nasdaq: NVTS) announced the opening of a new electric vehicle (EV) Design Center in Shanghai, China, aimed at enhancing its position in the gallium nitride (GaN) power IC market. This facility will support EV customers globally, improving charging speeds up to 3x compared to silicon solutions, and potentially reducing EV battery costs by 5%. The new GaN technology is projected to cut road-sector CO2 emissions by 20% per year by 2050. Navitas aims to capitalize on a $250 potential content per EV, further tapping into higher-power applications like data centers and solar energy.
Navitas Semiconductor (Nasdaq: NVTS) announced CEO Gene Sheridan's participation in the 24th Needham Growth Conference on December 23, 2021. The conference will showcase opportunities in GaN power ICs, which run 20x faster than silicon and reduce energy use by up to 40%. Navitas aims to address a $13 billion market while potentially reducing 2.6 Gton CO2. The company holds over 130 patents and has shipped more than 30 million GaNFast power ICs with no reported failures, establishing its leadership in the GaN semiconductor sector.
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