Navitas Semiconductor Corporation develops next-generation power semiconductors built around gallium nitride and silicon carbide technologies. Its GaNFast power ICs integrate GaN power, drive, control, sensing and protection functions, while GeneSiC devices serve high-voltage SiC power applications. Company updates frequently address AI data centers, performance computing, energy and grid infrastructure, industrial electrification, e-mobility, telecommunications and fast-charging markets.
Recurring Navitas news covers financial results, the company’s shift toward high-power markets, product platforms such as DC-DC power delivery boards, technology licensing and supply-chain partnerships, and governance changes including finance leadership and board appointments.
Navitas Semiconductor (Nasdaq: NVTS) has entered a distribution agreement with Richardson Electronics to promote next-generation silicon carbide (SiC) semiconductors across the Americas. This partnership aims to leverage Richardson's technical expertise and market presence in sectors like renewable energy, medical, and transportation. The GeneSiC portfolio includes devices rated from 650 V to 6.5 kV, employing advanced trench-assisted planar-gate technology, optimizing performance and reliability. With over 100 components, these devices are designed for high efficiency and versatility, enhancing system performance while reducing size and weight.
Navitas Semiconductor (Nasdaq: NVTS) announced its participation in a Taiwan Investor Meeting on March 13, 2023, at 9:30 PM US Eastern time, hosted by MESH Ventures. The event will feature CFO Ron Shelton and VP of Corporate Marketing Stephen Oliver discussing recent innovations and market developments, followed by a Q&A session. Investors interested in attending can register via the MESH Ventures website. Navitas specializes in next-generation power semiconductors, focusing on GaN and SiC technologies, and aims to penetrate the $22 billion market opportunity by replacing legacy silicon chips.
Navitas Semiconductor (Nasdaq: NVTS) announced participation in non-deal roadshows on March 7, 2023, showcasing its GaNFast gallium nitride power ICs and GeneSiC silicon carbide power devices. The company aims to capture a share of a $22 billion market by expanding its technology and market presence, emphasizing its commitment to sustainability. CEO Gene Sheridan expressed optimism for continued growth in 2023 as the shift from fossil fuels accelerates. Navitas is recognized for shipping over 70 million GaN units and holds over 185 patents, with a unique 20-year warranty on its products.
Navitas Semiconductor (Nasdaq: NVTS) reported a remarkable 60% revenue growth in 2022, totaling $37.9 million. The fourth quarter revenues reached $12.3 million, representing a 68% increase year-over-year. However, gross margins declined, with GAAP gross margin at 31.5% for the year, down from 45% in 2021. The company reported a GAAP loss from operations of $121 million in 2022, an increase from $68.5 million in 2021. Looking ahead, first-quarter 2023 revenues are projected to grow approximately 85% year-over-year. CEO Gene Sheridan emphasized the company's expansion into high-growth markets including EV, solar, and data centers.
Navitas Semiconductor (Nasdaq: NVTS) announced its GaNFast technology successfully fast-charges the new OnePlus 11 5G smartphone, featuring a Qualcomm Snapdragon 8 Gen 2 chipset. The 100 W SUPERVOOC charger utilizes an NV6134 GaNFast IC, enabling charging speeds up to three times faster compared to traditional silicon options, with 40% energy savings. This compact charger weighs just 112 g, achieving a power density of 1.18 W/cc. The partnership highlighted Navitas as a key collaborator at the OnePlus launch event on February 7, 2023 in New Delhi. Navitas continues to advance its technology and maintain strong ties with OnePlus, showcasing its growing influence in the power semiconductor industry.
Navitas Semiconductor (Nasdaq: NVTS) will announce its fourth quarter and full year 2022 financial results on February 23, 2023, after market close. A conference call, including a live webcast, will take place at 2:00 p.m. Pacific / 5:00 p.m. Eastern to discuss the results and address analyst questions. Navitas specializes in GaN power integrated circuits, focusing on fast charging and high energy efficiency across sectors such as EV, consumer electronics, and data centers. The company has achieved significant milestones, including over 70 million GaN units shipped and holds over 185 patents, reinforcing its position in the power semiconductor market.
Navitas Semiconductor (Nasdaq: NVTS) is set to showcase its innovative gallium nitride (GaN) and silicon carbide (SiC) power semiconductors at APEC 2023 in Orlando from March 20-23. The 'Planet Navitas' exhibition will highlight solutions for electrification across various sectors, targeting a $22 billion market. Key benefits include increased efficiency, portability, and reduced carbon emissions, with technology projected to save over 6 Gtons of CO2 annually by 2050. The event will feature technical presentations on power electronics, showcasing Navitas's commitment to sustainability and innovative power solutions.
Navitas Semiconductor (Nasdaq: NVTS) announced its GaNSense half-bridge power ICs (NV62xx) have received the Power Product of the Year award from Electronic Products Magazine. This innovative technology integrates two GaN FETs with drive, control, sensing, and protection, reducing component count and size by over 60%. The company's GaNFast™ power ICs, first mass-produced in 2018, have positioned Navitas as a leader in mobile fast charging. With over 70 million GaN units shipped and a strong commitment to sustainability, the recognition underlines Navitas' dedication to high-performance power electronics.
Navitas Semiconductor (Nasdaq: NVTS) and KATEK GROUP announce the integration of GeneSiC silicon carbide (SiC) MOSFETs into KATEK's coolcept fleX solar inverters, enhancing efficiency, cost, size, and weight. These advancements are projected to significantly expand market size as solar power capacity is set to outpace natural gas by 2026 and coal by 2027, with a threefold increase expected from 2022-2027. The new technology promises a 25°C case temperature reduction and a threefold lifespan increase compared to legacy silicon chips, aligning with the sustainability goals represented by the UN’s Sustainable Development Goals.
Navitas Semiconductor (Nasdaq: NVTS) announced its acquisition of the remaining minority interest in its silicon control IC joint venture from Halo Microelectronics for $20 million in Navitas stock. This acquisition is expected to enhance Navitas' capabilities in gallium nitride (GaN) and silicon carbide (SiC) technologies, targeting over $1 billion in addressable market potential by 2026. The joint venture, established in 2021, has already produced products for various applications, including consumer electronics and EVs. The acquisition aims to integrate critical silicon controller capabilities, positioning Navitas for influence in customer architecture decisions regarding next-gen power electronics.