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 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 Corporation (Nasdaq: NVTS) reported a 27% increase in Q1 2022 net revenues to $6.7 million, with a GAAP gross margin of 44%. However, the company faced a GAAP loss from operations of $35 million, up from a loss of $7.3 million in Q1 2021. Despite this, Navitas remains the leader in the GaN power IC market, announcing significant partnerships with major mobile OEMs. The company expects Q2 2022 revenues between $8.0 and $9.0 million while forecasting a doubling of total 2022 net revenues compared to 2021.
Navitas Semiconductor Corporation (NASDAQ: NVTS) reported Q1 2022 revenues of $6.7 million, marking a 27% increase from Q1 2021. While GAAP gross margin stood at 44.0%, the company faced a GAAP loss from operations of $35.0 million, up from $7.3 million in the previous year. The firm highlighted its leadership in the fast charger market, having shipped over 50 million units with zero GaN-related failures. Looking forward, revenues for Q2 are projected between $8.0 and $9.0 million, with full-year guidance indicating a potential doubling of revenues.
Navitas Semiconductor (Nasdaq: NVTS) has unveiled its next-generation GaNFast™ power ICs, featured in Lenovo's new Legion C135 charger. This charger, showcased on the Nasdaq Tower in Times Square, boasts a 135W rating and is 40% smaller than traditional chargers, achieving a 0-100% charge in just 65 minutes. GaN technology allows for faster charging and higher power density, with peak charging efficiency exceeding 92%. Lenovo highlights their collaboration with Navitas as a key to enhancing consumer charging experiences across their product lines.
Navitas Semiconductor (Nasdaq: NVTS) has announced its GaNFast technology is utilized in the TurboPower 68W charger for the motorola edge+ (2022). This charger enables users to charge over 50% of the device in just 15 minutes. The TurboPower 68W is compact and lightweight, measuring 58 x 41 x 28 mm, and features built-in protections for safe charging. GaN technology offers charging speeds up to 20x faster than conventional silicon chips, promoting efficiency and sustainability with each unit saving 4 kg of CO2 emissions.
Navitas Semiconductor (Nasdaq: NVTS) announces the launch of the NV6169, a high-power 650/800 V-rated GaNFast™ power IC designed for demanding applications like 4K/8K TVs, gaming systems, and solar microinverters. This technology boasts 20x faster speeds than traditional silicon, with significant energy savings and size reductions. The NV6169 features a 36% decrease in on-resistance, enhancing power output by 50%. With zero reported failures from over 50 million GaN chips shipped, the NV6169's robust design includes industry-leading ESD ratings and a 20-year warranty, targeting higher-power markets.
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Navitas Semiconductor (Nasdaq: NVTS) will report its first quarter 2022 financial results on May 12, 2022, after market close. A conference call will follow at 2:00 p.m. Pacific Time to discuss the results. Navitas specializes in gallium nitride (GaN) power ICs, which outperform traditional silicon chips by running up to 20 times faster, offering up to 3 times more power and energy savings while being more compact. The company has shipped over 40 million units with zero reported field failures, emphasizing quality and sustainability.
Navitas Semiconductor announced its next-gen GaNFast™ power ICs with GaNSense™ technology are now powering vivo’s X Fold smartphone's in-box 80W flash charger. The charger charges to 50% in 17 minutes and fully in 37 minutes, featuring dual USB-C outputs for simultaneous device charging. GaN technology allows for 3x faster charging and up to 40% energy savings compared to traditional silicon. Navitas aims for an efficient, environmentally-friendly future, saving 4 kg of CO2 for every GaN IC shipped.
Navitas Semiconductor (Nasdaq: NVTS) announced CEO Gene Sheridan will speak at the 36th CS MANTECH conference in Monterey, California, from May 9-12, 2022. His presentation, titled ‘GaN’s expected Impact on the Power Electronics Industry to Electrify Our World’, will address the transition from silicon to gallium nitride (GaN) technologies in power electronics. GaNFast™ ICs promise enhanced energy efficiency and reduced CO2 emissions, potentially saving over 10 million tons of CO2 annually in datacenters and accelerating EV adoption by 3 years.
Navitas Semiconductor (Nasdaq: NVTS) has joined PowerAmerica, a consortium focused on advancing gallium nitride (GaN) and silicon carbide (SiC) technologies. This collaboration aims to accelerate the adoption of wide-bandgap (WBG) semiconductors, which offer significant improvements over traditional silicon in terms of speed, power, and energy efficiency. Navitas' innovative GaNFast™ power ICs enable faster charging and energy savings, with a notable track record of zero field failures. The company will also host a seminar at the PowerAmerica 2022 Summer Workshop to showcase these advancements.