Navitas Semiconductor Corp Stock Price, News & Analysis

Navitas Semiconductor (Nasdaq: NVTS) has announced its participation in Baird's Newly Public Company Virtual Access Day, highlighting its acquisitions of GeneSiC and VDD Tech. These strategic moves position the company to tap into a market opportunity exceeding $20 billion annually, targeting the transition from legacy silicon chips. CEO Gene Sheridan expressed optimism about expanding into consumer, data center, solar, and electric vehicle sectors, leveraging their leading GaNFast power ICs and SiC solutions.

Navitas Semiconductor (NVTS) reported a 58% increase in Q2 revenues to $8.6 million, despite a GAAP loss of $20 million. The acquisition of GeneSiC Semiconductor for $100 million in cash and stock is set to enhance earnings and provide immediate revenue in solar and EV markets. The deal positions Navitas as a leader in power semiconductors, with a combined market opportunity exceeding $20 billion by 2026. However, GAAP gross margins decreased to 41.6% from 45.5% year-on-year, and guidance reflects short-term challenges in the China smartphone market.

Navitas Semiconductor (Nasdaq: NVTS) has acquired GeneSiC Semiconductor, enhancing its position in power semiconductors. The deal, valued at approximately $100 million in cash and stock, is immediately accretive to Navitas. GeneSiC is projected to generate around $25 million in revenue for 2022, with over 60% annual growth rates. This merger provides a comprehensive portfolio combining both GaN and SiC technologies, expected to tap into a market opportunity exceeding $20 billion by 2026. Navitas aims to leverage GeneSiC's expertise to accelerate growth across electric vehicles and renewable energy sectors.

Navitas Semiconductor (Nasdaq: NVTS) has announced its participation in the Taiwan Investor Fireside Chat on August 18, 2022. The event, hosted by Mesh Ventures, will feature a discussion led by co-founder Gene Sheridan and CFO Ron Shelton, highlighting recent developments in their GaN power ICs.

The company targets a $13 billion annual market opportunity by 2026, expanding from mobile fast-chargers into higher-power sectors like consumer electronics and data centers. Navitas emphasizes its environmentally-friendly technology, significantly reducing CO₂ emissions.

Navitas Semiconductor (Nasdaq: NVTS) has announced a partnership with OnePlus to power the ultra-fast charging capabilities of its new OnePlus 10T smartphone. This next-gen GaNFast charger enables a complete charge from 1-100% in just 19 minutes. The launch event for the 10T took place in New York, highlighting Navitas' innovative GaN power ICs, which offer 3x faster charging and 40% energy savings compared to traditional silicon solutions. With over 50 million units shipped, Navitas maintains a zero failure rate in the field.

Navitas Semiconductor (Nasdaq: NVTS) will announce its Q2 2022 financial results on August 15, 2022, after market close. A live conference call and webcast will follow at 2:00 PM Pacific. The company specializes in gallium nitride (GaN) power ICs, which offer significant advantages over traditional silicon chips, including faster performance, higher power density, and lower costs. Navitas emphasizes sustainability, claiming each GaNFast IC shipment saves 4 kg of CO₂ emissions. The firm has issued or pending over 165 patents and has shipped over 50 million units without reported field failures.

Navitas Semiconductor (Nasdaq: NVTS) has announced a significant milestone, achieving a savings of 100,000 tons of CO₂ emissions as it replaces traditional silicon chips with its GaNFast™ power ICs. Each GaN power IC saves approximately 4 kg of CO₂, contributing to a larger goal of reducing 2.6 Gtons of CO₂ annually by 2050. This leap in sustainability is supported by a comprehensive life-cycle assessment, revealing the environmental advantages of GaN over silicon in terms of manufacturing and end-use CO₂ emissions.

Navitas Semiconductor (Nasdaq: NVTS) announced that its COO/CTO, Dan Kinzer, will present at the PowerAmerica's 2022 Wide Band-gap Summer Workshop on August 2nd. The presentation titled “Advancing GaN Power Integration” focuses on enhancing efficiency and reliability in power electronics using GaN technology. With over 50 million GaN ICs shipped to top consumer brands, the company's innovative GaNFast™ ICs promise 40% energy savings and 3x faster charging. Navitas is leading in the transition from legacy silicon to GaN technology in the $4B+ mobile and consumer market.

Navitas Semiconductor (Nasdaq: NVTS) announced its sponsorship of the 12th China International New Energy Vehicle (NEV) Forum on August 4-5, 2022. GaN technology promises 3x faster charging, 20x faster performance than silicon, and 40% energy savings. The company's GaNFast™ ICs integrate various functions to optimize EV performance. The shift to GaN is projected to enhance EV range and reduce costs by 5%, potentially cutting CO2 emissions by 20% annually by 2050, supporting the Paris Accord. Navitas has also achieved CarbonNeutral® certification.