Navitas Semiconductor Corp Stock Price, News & Analysis

Navitas Semiconductor has been ranked the 75th fastest-growing company in North America by Deloitte Technology Fast 500™. This growth supports their mission to “Electrify Our World™”. The company, a leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, will participate in two significant investor conferences: the Wells Fargo TMT Summit on November 29, 2022, and the Barclays Global Technology Conference on December 7, 2022. Key executives including Gene Sheridan, Ron Shelton, and Stephen Oliver will represent the company.

Navitas Semiconductor (Nasdaq: NVTS) will present at the virtual Wide Bandgap Event from November 29 to December 2, focusing on advancements in GaN and SiC technologies. The event showcases the company’s GaNSense™ ICs and GeneSiC MOSFETs that enhance motor drive efficiency and foster innovation in high-power systems. With projected savings of up to 6 Gtons/yr in CO2 emissions by 2050, these technologies target a $22B/year market. Attendees include key industry players from sectors like EV and renewable energy.

Navitas Semiconductor (Nasdaq: NVTS) announced that its GaNSense™ half-bridge power ICs won the 'Best-in-Show' award from Embedded Computing Design at electronica 2022, the world's largest power electronics trade fair.

This award recognizes the innovation and market impact of the GaNSense ICs, which integrate two GaN FETs to reduce component count and footprint by over 60%. The products cater to diverse applications, shipping millions of units weekly for fast chargers and home appliances.

Navitas Semiconductor (Nasdaq: NVTS) has launched its next-gen GaNFast power ICs for the 125 W charger of Motorola's flagship smartphone, the X30 Pro. Users can charge their devices from 1% to 50% in just 7 minutes, greatly enhancing the charging experience. This charger, designed to be lightweight and compact, utilizes two NV6134A GaN ICs to achieve a power density of 1.42 W/cc, offering up to 3x faster charging and 40% energy savings compared to traditional silicon options. The collaboration aims to redefine smartphone charging capabilities.

Navitas Semiconductor (NASDAQ: NVTS) and Avnet Silica will collaborate to enhance the European market for GaNFast™ power ICs, utilizing Gallium-Nitride (GaN) technology. This partnership aims to leverage their combined expertise to support customers in the EMEA region. GaN technology offers superior performance, operating up to 20 times faster than silicon, and can lower system costs by 20%. The two companies will focus on delivering advanced energy-efficient solutions for various applications, ensuring faster time-to-market and compliance with efficiency standards.

Navitas Semiconductor Corporation (NVTS) reported a strong Q3 2022 with net revenues of $10.2 million, marking an 82% increase from Q3 2021 and a 19% increase from the previous quarter. However, GAAP gross margin fell to 3.8% from 46.2% year-over-year, leading to a GAAP loss from operations of $37.4 million. Notably, long-term agreements for SiC have facilitated a planned 5x capacity increase in 2023. The company anticipates Q4 2022 revenues between $11.0 million and $13.0 million, with a gross margin around 40%.

Navitas Semiconductor (Nasdaq: NVTS) and VREMT have launched an advanced R&D laboratory for electric vehicle (EV) power semiconductors in Ningbo, PRC. The lab, inaugurated on November 1, 2022, aims to enhance EV systems using Navitas’ GaNFast and GeneSiC technology. These cutting-edge 'wide bandgap' semiconductors promise improved efficiency, faster charging, and cost reductions compared to silicon alternatives. This collaboration aligns with both companies' goals of achieving carbon neutrality and accelerating the transition to cleaner vehicles.

Navitas Semiconductor (Nasdaq: NVTS) announced it will report Q3 2022 financial results on November 9, 2022. The company, a leader in next-generation power semiconductors, integrates GaN technology for efficient performance with an estimated market opportunity of over $22 billion by 2026. Over 50 million GaNFast ICs have been shipped with zero reported failures and the industry’s first 20-year warranty. The call will provide insights into financial results and future outlook for investors and analysts.