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.
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Navitas Semiconductor (Nasdaq: NVTS) highlights its leadership in gallium nitride (GaN) power ICs, leading to record shipments in fast mobile charging. The company aims to expand its influence into high-power applications such as data centers, solar, and EV markets at the upcoming PowerUP EXPO 2022 (June 28-30). GaN technology offers significant advantages, running 20x faster than silicon, with 40% energy savings. The company is focused on sustainability and aims for a significant reduction in CO2 emissions. Navitas has shipped over 50 million units with zero reported failures.
Navitas Semiconductor (Nasdaq: NVTS) is set to participate in the GaN Marathon Workshop in Venice, Italy, from June 20-22, 2022. This event highlights advancements in gallium nitride (GaN) technology, which operates 20 times faster than traditional silicon. The company's GaNFast™ ICs ensure 3x faster charging with 40% energy savings, suitable for various markets. Matteo Uccelli will present a paper on GaNSense™ technology during the workshop. Navitas is recognized for its commitment to sustainability and innovation in power solutions.
Navitas Semiconductor (Nasdaq: NVTS) has reached a significant milestone with the shipment of 50 million units, alongside a 20-year warranty for its products. The company's innovative gallium nitride (GaN) technology, which operates 20 times faster than traditional silicon, offers up to 40% energy savings and compact size. Navitas will showcase its GaN solutions at the TSMC 2022 North America Technology Symposium on June 16, 2022, demonstrating advancements in mobile charging and data center applications. The company is also recognized for its commitment to sustainability, being a CarbonNeutral® certified entity.
Navitas Semiconductor, a leader in gallium nitride (GaN) power ICs, announced its participation in several upcoming investor conferences aimed at advancing its mission to "Electrify Our World™". Key events include a virtual fireside chat on May 31, 2022, with CEO Gene Sheridan, followed by the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, 2022. Additional conferences include the Baird Global Consumer, Technology & Services Conference on June 6, and the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, along with a series of virtual engagements throughout June.
Navitas Semiconductor has achieved CarbonNeutral®-company certification, becoming the first semiconductor company to do so. This milestone supports Navitas' mission to “Electrify Our World™”. The company specializes in GaN power ICs, which offer significant advantages over traditional silicon technology, including up to 20x faster performance and 40% energy savings. With over 50 million units shipped and zero GaN-related failures, Navitas aims to help customers meet their sustainability goals, projecting a potential reduction of 2.6 Gton CO2 emissions per year by 2050.
Navitas Semiconductor (Nasdaq: NVTS) has appointed Ron Shelton as Senior VP, CFO, and Treasurer, succeeding interim CFO Todd Glickman, who remains SVP of Finance. Shelton, with vast experience in public company finance and over $2 billion in transaction experience, previously served as CFO for Adesto Technologies and GigOptix. His expertise in mergers, acquisitions, and strategic investments will support Navitas' growth initiatives in GaN power ICs. CEO Gene Sheridan expressed confidence in Shelton's capabilities as the company aims to enhance its leadership in the semiconductor sector.
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.