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Navitas Semiconductor Corporation - NVTS STOCK NEWS

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.

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Navitas Semiconductor (Nasdaq: NVTS) has announced it will release its second quarter 2024 financial results on Monday, August 5th, 2024, after the market closes. The company will host a conference call and live webcast at 2:00 p.m. Pacific / 5:00 p.m. Eastern on the same day to present the results and answer questions from financial analysts.

Investors and interested parties can access the conference call via toll-free dial-in numbers: (800) 715-9871 or (646) 307-1963, using Conference ID: 6394013. A live webcast will be available at https://edge.media-server.com/mmc/p/5g4qt2xi. Following the event, a replay of the call will be accessible from the Investor Relations section of Navitas Semiconductor's website at https://ir.navitassemi.com/.

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Navitas Semiconductor, the leader in GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, announced a collaboration with J Rep, their Japanese partner, at the Techno-Frontier trade show.

The event, happening from July 24-26, 2024, at Tokyo Big Sight, will showcase Navitas' innovative technologies like GaNSafe™ GaN power IC, Gen-4 GaNSense™ Half-Bridge ICs, and Gen-3 Fast GeneSiC power FETs.

These products offer high efficiency and reliability for AI data centers, EVs, industrial systems, and fast charging applications.

Techno-Frontier, established in 1981, is Japan's premier exhibition for power supplies and components, expecting over 400 exhibitors and 34,000 visitors.

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Navitas Semiconductor (Nasdaq: NVTS) announced that its GaNFast power ICs will be used in Lenovo's latest GaN chargers—the Xiaoxin 105 W and Legion C170 W. The Xiaoxin 105 W charger is designed for daily travel, offering 105 W of power, three ports, and is lightweight at 206 grams. The Legion C170 W charger caters to gamers, delivering 170 W of power and weighing 245 grams. This collaboration marks a continued partnership that has previously resulted in high-performance chargers for Lenovo's gaming and travel segments. Both companies are also committed to sustainability, with Lenovo verified by SBTi for net zero targets and Navitas being CarbonNeutral® certified. Navitas' technology enables efficient, lightweight chargers that reduce carbon emissions.

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Navitas Semiconductor (Nasdaq: NVTS) has introduced its Gen-3 'Fast' (G3F) 650 V and 1,200 V SiC MOSFETs, optimized for rapid switching, high efficiency, and increased power density. These components are designed to enhance the performance of AI data centers and EV charging infrastructures.

The G3F MOSFETs showcase a 40% improvement in hard-switching figures-of-merit compared to competitors, enabling next-gen AI power supply units to increase output up to 10 kW and rack power up to 120 kW. Utilizing 'trench-assisted planar' technology, these devices offer superior performance, robustness, and lower power losses, with a 25°C lower case temperature and up to three times longer life than competing products.

In the AI sector, Navitas' latest 4.5 kW high-power density AI Server PSU boasts a power density of 138 W/inch³ and over 97% efficiency. For the EV market, the 1,200 V/34 mOhm G3F FETs enable 22 kW, 800V bi-directional OBC and 3 kW DC-DC converters to reach a power density of 3.5 kW/L and 95.5% peak efficiency.

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Navitas Semiconductor (Nasdaq: NVTS) will showcase its latest gallium nitride (GaN) and silicon carbide (SiC) technologies at PCIM 2024 in Nuremberg, Germany from June 11-13. The company will highlight its GaNFast™ and GeneSiC™ semiconductors, emphasizing their applications in AI, EVs, industrial processes, solar energy, and energy storage. Navitas' booth, 'Planet Navitas,' will display technologies promising increased portability, longer range, faster charging, and grid independence, while also contributing to reduced carbon emissions. The event features key presentations on high-efficiency AC-DC converters and evaluations of SiC devices for high-frequency applications, enhancing Navitas' $1.6 billion customer pipeline within a $22 billion market opportunity.

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Navitas Semiconductor, a leading pure-play power semiconductor company, announced its participation in several upcoming investor events. The company, known for its GaNFast™ gallium nitride (GaN) power ICs and GeneSiC™ silicon carbide (SiC) technology, aims to review the drivers of its $1.6 billion pipeline and its mission to “Electrify Our World™.”

Key events include the MESH Ventures Call on May 14th, the Craig-Hallum Institutional Investor Conference on May 29th, the Baird Global Consumer, Technology & Services Conference on June 4-5th, the William Blair Growth Stock Conference on June 6th, the Rosenblatt Virtual Technology Summit on June 13th, and the ROTH London Conference on June 26th. Executives like CEO Gene Sheridan, CFO Janet Chou, and VP Investor Relations Stephen Oliver will be presenting and available for 1-on-1 meetings.

Live webcasts and replays of presentations will be available on Navitas Semiconductor's website.

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Navitas Semiconductor announced its first quarter 2024 financial results, showcasing a 73% increase in revenue driven by GaN adoption in various sectors. The company highlighted new GaNSlim™ technology for enhanced system integration and cost-efficiency. Despite market challenges, Navitas CEO expressed optimism due to strong customer demand and a growing $1.6 billion pipeline.

Financially, revenue reached $23.2 million, while GAAP loss from operations was $31.6 million. Cash reserves stood at $129.7 million. The company reported significant milestones in AI data centers, EV chargers, solar applications, and industrial sectors. Navitas expects Q2 revenues around $20 million, with a focus on innovation and growth.

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Navitas Semiconductor, a leader in GaN and SiC power semiconductors, will participate in the China Electronic Hotspot Solutions Innovation Summit to showcase high-speed hybrid power semiconductor advances for EVs. The event will focus on innovations in EV technology, including faster charging, longer range, and lower system costs.
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Navitas Semiconductor, a leading power semiconductor company, will release its Q1 2024 financial results on May 9th, 2024. The company specializes in GaN power ICs and SiC technology. A conference call and webcast will follow to discuss the financial results.
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Navitas Semiconductor and Virtual Forest have partnered to advance net-zero in agriculture by utilizing Navitas' GaNFast™ power integrated circuits technology for a solar-powered irrigation pump. The collaboration aims to provide energy-independent, pollution-free performance for Indian farmers, reducing reliance on diesel generators and long-distance electrical cables.
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FAQ

What does Navitas Semiconductor Corporation specialize in?

Navitas specializes in ultra-efficient gallium nitride (GaN) power ICs that enhance high-frequency, high-efficiency, and high-density power electronics.

Where is Navitas Semiconductor Corporation headquartered?

Navitas is headquartered in El Segundo, California, USA.

What are some key markets for Navitas’ products?

Key markets include mobile, consumer, enterprise, eMobility, new energy, data centers, EVs, solar, and smart grid applications.

What recent collaborations has Navitas engaged in?

Navitas recently established a joint lab with SHINRY to develop advanced battery-electric and fuel-cell vehicle power platforms.

How many patents does Navitas hold?

Navitas holds over 250 patents in power semiconductor technology.

What makes Navitas’ GaN technology superior to silicon?

GaN technology offers high-frequency, high-efficiency performance, enabling faster charging, higher power density, and significant energy savings compared to traditional silicon chips.

What financial milestones did Navitas achieve in 2023?

Navitas achieved record revenue growth in 2023, more than doubling its annual revenue.

Is Navitas focused on sustainability?

Yes, Navitas is the world’s first semiconductor company to be CarbonNeutral®-certified, demonstrating its commitment to sustainability.

What is the significance of Navitas’ partnership with Hughes Research Lab?

The partnership enhances Navitas' R&D capabilities, enabling the development of advanced GaN power technologies for future power applications.

How does Navitas support its customers in data center markets?

Navitas provides server power platforms with advanced GaN and SiC technologies to meet the increasing power demands of AI data centers, ensuring high power density and efficiency.

Navitas Semiconductor Corporation

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