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) announced CEO Gene Sheridan's participation in the J.P. Morgan Global Technology, Media and Telecom Conference in Asia, focusing on next-gen GaN power integrated circuits (ICs). Scheduled for November 16, the panel titled 'Beyond Silicon' will discuss the shift from silicon to gallium nitride technology, vital for improving efficiency in various applications, including electric vehicles. Navitas, a leader in GaN technology, trades with an enterprise value exceeding $1B and has raised over $320M since its Nasdaq debut on October 20, 2021.
Navitas Semiconductor (Nasdaq: NVTS) reported a 61% increase in Q3 2021 revenues to $5.6 million, with year-to-date revenues growing 128% compared to 2020. Despite a GAAP net loss of $9.5 million ($0.57/share), the company anticipates Q4 revenues of $7.4 million, marking a projected 60% growth year-over-year. The newly launched GaNSense technology promises significant market potential, with strategic partnerships and product launches ongoing in the fast-charging sector. The company completed a business combination with $260 million in cash to fuel growth.
Navitas Semiconductor (NASDAQ: NVTS) announced participation in the Craig-Hallum Alpha Select Conference on November 16, 2021. The conference highlights innovative companies with strong business models and growth prospects. Navitas is a leader in gallium nitride (GaN) power integrated circuits, aiming to replace legacy silicon chips in a $13.1 billion market. GaN technology offers significant advantages, including faster performance and reduced carbon emissions. The company touts over 130 patents and the ability to achieve up to 3x faster charging.
Navitas Semiconductor (Nasdaq: NVTS) announced the launch of its third-generation GaN power ICs featuring GaNSense technology. This innovation enhances real-time sensing and protection, improving reliability and efficiency. The new product line includes 10 different ICs, optimized for fast-charging applications with significant energy savings of up to 10% compared to earlier models. Navitas has shipped over 30 million GaNFast power ICs, achieving excessive field operation without failures. The new ICs will be showcased at key industry events and are now in mass production.
Navitas Semiconductor (Nasdaq: NVTS) will participate in Baird's 2021 Global Industrial Conference from November 9-11. Senior executives will discuss the potential of their gallium nitride (GaN) power integrated circuits in various markets, including electric vehicles and renewable energy. The mobile fast charger market is valued at $2B, with the EV segment alone at approximately $2.5B per year. Each GaN IC can reduce CO2 emissions by 4 kg compared to legacy silicon chips, contributing to an estimated 2.6 Gton/yr CO2 saving by 2050.
Navitas Semiconductor announced that Dan Kinzer, co-founder and COO/CTO, will present a keynote at the IEEE WiPDA virtual workshop from November 7-11, 2021. The keynote will focus on the advancements of GaN power ICs, which improve efficiency and reliability while reducing size. Navitas' GaNFast™ technology allows for up to 3x faster charging and powers diverse applications in a $13B market by 2026. Kinzer emphasized the environmental benefits of GaN ICs, citing a 10x lower CO2 footprint compared to silicon chips.
Navitas Semiconductor showcased its GaN power IC technology at the 2021 Xiaomi Portfolio Demo Day in Beijing on October 24. The event highlighted the successful partnership between Navitas and Xiaomi, focusing on fast-charging applications across Xiaomi's product range, including mobile devices and EVs. Navitas has shipped over 30 million GaNFast power ICs with zero field failures, signaling strong reliability. Notably, its new 6.6 kW OBC demo indicates a significant leap in power density. Xiaomi's commitment to innovation aligns with Navitas' roadmap for advanced GaN solutions.
Navitas Semiconductor (Nasdaq: NVTS) will announce its Q3 2021 financial results on November 9, 2021, after market close. A conference call for analysts will occur at 2:00 PM Pacific / 5:00 PM Eastern the same day. The company, recognized as a leader in GaN power ICs, has achieved significant milestones since its listing on Nasdaq on October 20, 2021, including an enterprise value exceeding $1B and raising over $320M in gross capital. Navitas aims to provide insights on its financial performance and engage with the investment community during the call.
Navitas Semiconductor (Nasdaq: NVTS) announced its participation in the China Renaissance Investor Conference from October 27-29, 2021, aimed at connecting with Asia-based investors. The company, which focuses on GaN power integrated circuits, debuted on Nasdaq on October 20, 2021, with an enterprise value exceeding $1 billion and a gross capital raise of over $320 million. Navitas' GaNFast™ technology significantly enhances power efficiency and charging speed, showcasing a strong competitive edge in the semiconductor market with over 130 patents issued or pending.
Navitas Semiconductor has officially begun trading on the Nasdaq Global Market under the ticker NVTS as of October 20, 2021. The company's CEO, Gene Sheridan, celebrated this milestone by ringing the opening bell at the Nasdaq MarketSite in New York. Navitas, a leader in GaN power ICs, has integrated its technology in over 130 mobile chargers from major brands and shipped over 30 million GaNFast power ICs with zero field failures. The company aims to expand into new markets and reduce CO2 emissions significantly through its innovative power solutions.