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Navitas Semiconductor Corp (NVTS) drives innovation in next-generation power electronics through its GaN and SiC semiconductor solutions. This news hub provides investors and industry professionals with essential updates on technological breakthroughs, strategic partnerships, and market developments.
Access curated press releases and analysis covering earnings reports, product launches, and sustainability initiatives. Stay informed about NVTS' leadership in energy-efficient power conversion technologies serving mobile, EV, and data center markets.
Discover updates on patent milestones, manufacturing expansions, and industry collaborations that demonstrate Navitas' technical expertise in high-frequency power ICs. Our collection ensures you never miss critical developments impacting this semiconductor innovator.
Bookmark this page for streamlined access to verified NVTS updates. Check regularly for new insights into GaNFast technology advancements and their global impact on power electronics efficiency.
Navitas Semiconductor (Nasdaq: NVTS) announced its participation in Haitong International's Investor Conference on February 28, 2022. CEO Gene Sheridan will present the company’s advancements in gallium nitride (GaN) power ICs, highlighting their capacity for higher power applications in data centers, solar energy, and electric vehicles (EVs). These GaNFast™ ICs can substantially reduce CO2 emissions, saving 4 kg for every unit shipped. Navitas aims to capitalize on a $13.1B electrification opportunity in mobile fast chargers and related markets.
Navitas Semiconductor Corporation (Nasdaq: NVTS) announced the "Redemption Fair Market Value" related to its upcoming warrant redemption. The company will redeem unexercised warrants at a price of $0.10 each by March 7, 2022. The Redemption Fair Market Value is set at $10.33, allowing warrant holders to receive 0.261 shares of common stock per warrant if exercised on a "cashless" basis. Warrant rights will terminate post-deadline, impacting unexercised warrants significantly. Navitas emphasizes that exercise must be voluntary and details are available on their investor relations site.
On February 22, 2022, Navitas Semiconductor (Nasdaq: NVTS) announced a non-deal roadshow with China Renaissance Securities scheduled for February 23-24 in China. Navitas, a leader in GaN power ICs, highlighted the growing market for gallium nitride technology, which offers significant advantages over silicon chips. CEO Gene Sheridan emphasized recent design wins with major companies and the environmental impact of GaN technology, stating that each GaN IC shipped saves 4 kg of CO2. The potential market opportunity for electrification is estimated at $13.1 billion across various sectors.
Navitas Semiconductor (Nasdaq: NVTS) has launched a GaNFast Global Marketing Program in collaboration with UGREEN, aiming to increase awareness and education about GaN technology. The initiative includes both online and in-person events, showcasing GaN's capabilities in fast charging and its sustainability benefits. The program coincides with UGREEN's launch of a 100W four-port GaN charger, featuring insights from Navitas' Dr. Xiucheng HAUNG on GaN's efficiency, claiming it runs 20x faster than silicon, enabling 40% energy savings, and providing faster charging in smaller devices.
Navitas Semiconductor Corporation (NVTS) reported a significant 100% increase in net revenues for 2021, totaling $23.7 million. The fourth quarter alone saw revenues rise to $7.3 million, reflecting a 30% growth from Q3. Gross margin improved to 45.0%, up from 31.4% year-over-year. However, the company faced a GAAP net loss of $35.9 million in Q4, despite a reduced non-GAAP net loss. Navitas is now in production with eight out of ten top mobile customers and aims to double its revenues in 2022, estimating $48 million. The firm also published its first sustainability report.
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.
