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 successfully completed its business merger with Live Oak Acquisition Corp. II (NYSE: LOKB), with an overwhelming 98% stockholder approval on October 12, 2021. The transaction generated over $320 million in gross proceeds, designed to expedite product development in GaN power ICs. Common shares will trade under symbols NVTS and NVTSW starting October 20, 2021. CEO Gene Sheridan emphasized the company's aim to lead in next-generation power semiconductors, facilitating the transition to clean energy.