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 (NVTS) reported a significant 100% increase in net revenues for 2021, totaling $23.7 million. The fourth quarter alone saw revenues rise to $7.3 million, reflecting a 30% growth from Q3. Gross margin improved to 45.0%, up from 31.4% year-over-year. However, the company faced a GAAP net loss of $35.9 million in Q4, despite a reduced non-GAAP net loss. Navitas is now in production with eight out of ten top mobile customers and aims to double its revenues in 2022, estimating $48 million. The firm also published its first sustainability report.
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Navitas Semiconductor (Nasdaq: NVTS) will showcase its GaN power ICs at APEC 2022 in Houston, March 20-24. The event will emphasize Navitas' leadership in mobile fast chargers and entry into higher-power markets like data centers and EVs. The company's GaN technology promises to enhance energy efficiency, significantly reducing reliance on fossil fuels. Attendees can participate in giveaways including fast chargers and a chance to win a Tesla Model 3, valued over $60,000. This marks Navitas' first APEC as a publicly traded company since its IPO in October 2021.
Navitas Semiconductor Corporation (Nasdaq: NVTS, NVTSW) announced its decision to redeem all outstanding publicly traded and privately held warrants for $0.10 each, effective at 5:00 p.m. on March 7, 2022. This redemption follows compliance with specific stock price conditions under the Warrant Agreement. Warrant holders can exercise their rights until the redemption deadline, with options for cash or a cashless exercise method. If unexercised, the warrants will become void. Navitas, a leader in GaN power ICs, has reported over 35 million units shipped, adhering to strict quality standards.
Navitas Semiconductor (Nasdaq: NVTS) announced it will release its fourth quarter and full year 2021 financial results on February 15, 2022, post-market close. A conference call is scheduled for the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern to discuss these results. With a growing portfolio and over 35 million GaNFast power ICs shipped, the company holds over 130 patents, strengthening its position in the GaN power market. This event invites analysts to gain insights into the company’s performance and future outlook.
Navitas Semiconductor (Nasdaq: NVTS) will participate in Baird's Vehicle Technology & Mobility Conference on January 25, 2022, at 2:55 PM EST. The company emphasizes the advantages of gallium nitride (GaN) power integrated circuits (ICs), including 3x faster charging speeds and up to 70% energy savings compared to traditional silicon solutions. GaN technology could enhance electric vehicle (EV) range or cut battery costs by 5%, potentially accelerating global EV adoption by three years. CEO Gene Sheridan highlighted GaN's role in reducing CO2 emissions by 20% per year by 2050.
Navitas Semiconductor announces that its next-gen GaNFast power IC is used in the 120W ultra-fast charger for vivo's flagship iQOO 9 Pro smartphone. The charger can fully charge the phone's 4,700 mAh battery in just 19 minutes, while its compact design is 26% smaller than previous models, achieving 1.3 W/cc power density. This GaN technology offers 3x faster charging with up to 40% energy savings while reducing CO2 footprints by 30% compared to silicon chargers. The partnership highlights Navitas' leadership in GaN technology, enhancing consumer charging experiences.
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Navitas Semiconductor has introduced its GaNFast™ gallium nitride (GaN) ICs, powering OPPO's 50W ultra-thin 'League of Legends' fast charger. This innovative charger is notable for its lightweight design and a unique lanyard charging cable. Utilizing two 2MHz-rated NV6115 GaNFast ICs, it achieves high efficiency with a form factor of 82 x 39 x 10.5 mm, making it the world's thinnest and lightest of its kind. The collaboration reflects the ongoing advancements in GaN technology, offering consumers a faster charging experience while integrating gaming aesthetics.
Navitas Semiconductor (Nasdaq: NVTS) announced the opening of a new electric vehicle (EV) Design Center in Shanghai, China, aimed at enhancing its position in the gallium nitride (GaN) power IC market. This facility will support EV customers globally, improving charging speeds up to 3x compared to silicon solutions, and potentially reducing EV battery costs by 5%. The new GaN technology is projected to cut road-sector CO2 emissions by 20% per year by 2050. Navitas aims to capitalize on a $250 potential content per EV, further tapping into higher-power applications like data centers and solar energy.