Welcome to our dedicated page for Navitas Semiconductor news (Ticker: NVTS), a resource for investors and traders seeking the latest updates and insights on Navitas Semiconductor stock.
Navitas Semiconductor Corporation (Nasdaq: NVTS) is a power semiconductor company focused on gallium nitride (GaN) power ICs and high-voltage silicon carbide (SiC) devices for high-power markets such as AI data centers, performance computing, energy and grid infrastructure, and industrial electrification. The company’s news flow reflects both its technology roadmap and its strategic transition toward these segments, which it refers to as “Navitas 2.0.”
On this page, readers can follow NVTS news related to product announcements, strategic partnerships, capital raises, and investor events. Recent press releases have highlighted ultra-high-voltage GeneSiC™ SiC MOSFET portfolios at 2300V and 3300V, packaging developments such as SiCPAK™ G+ power modules, and the introduction of the company’s AEC‑Plus reliability benchmark for SiC devices. Other updates describe collaborations with partners including GlobalFoundries on U.S.-based GaN technology and manufacturing, GigaDevice on a digital power joint lab, and distribution agreements with Avnet and WT Microelectronics.
Investors and industry observers can also track corporate developments such as private placements of common stock, at-the-market offering activity, leadership changes, and participation in technology and investor conferences. Earnings-related releases, including quarterly financial results and associated outlook commentary, provide additional context on how Navitas is reallocating resources toward high-power applications and adjusting its distribution network.
By reviewing the Navitas news feed, users can see how the company positions its GaNFast™ and GeneSiC™ platforms in emerging high-power markets, how it engages with ecosystem partners, and how its strategic focus evolves over time. This page offers a centralized view of NVTS announcements for those following developments in wide bandgap power semiconductors and related infrastructure markets.
Navitas Semiconductor has announced its advanced GaNFast™ power ICs are utilized in Xiaomi's ultra-fast chargers for the Redmi Note 12 Pro+ and Redmi Note 12 Explorer. The 210 W charger can achieve a full charge in just 9 minutes, while the 120 W charger fully charges in 19 minutes. This innovation enhances the smartphone's performance and charging capabilities. The collaboration highlights the effectiveness of Navitas' GaNFast technology in high-density power solutions. The company continues to lead in power semiconductor advancements, focusing on eco-friendly products.
Navitas Semiconductor (Nasdaq: NVTS) announced its participation in a Taiwan Investor Meeting on December 7, 2022. The company, a leader in gallium nitride (GaN) and silicon carbide (SiC) technologies, is taking share from traditional silicon chips in a $22 billion market. Recently ranked 75th on the Deloitte Technology Fast 500™, Navitas will host a presentation, fireside chat, and networking session during the event. Interested investors can register via the link provided.
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.
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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.