Navitas Semiconductor Corp Stock Price, News & Analysis

Navitas Semiconductor (Nasdaq: NVTS) has announced the release of third-generation automotive-qualified SiC MOSFETs in D2PAK-7L and TOLL surface-mount packages. These Gen-3 Fast SiC MOSFETs, featuring Navitas' proprietary 'trench-assisted planar' technology, offer superior performance for electric vehicle (EV) applications. Key benefits include:

- Up to 25°C lower case temperatures than conventional devices
- Up to 3x longer operating life in high-stress EV environments
- Optimized for fastest switching speed and highest efficiency
- Support for increased power density in EV systems

The new MOSFETs cater to both 400V (650V-rated) and 800V (1,200V-rated) EV architectures, with RDS(ON) ratings ranging from 20 to 55 mΩ and 18 to 135 mΩ respectively. The TOLL package for 400V EVs offers significant improvements in thermal resistance, PCB footprint, and size compared to D2PAK-7L.

Navitas Semiconductor (Nasdaq: NVTS), a leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, has announced its participation in several upcoming investor events. These include:

• Needham's 5th-Annual Virtual Semiconductor & SemiCap 1x1 Conference on August 21st
• Jefferies Semiconductor, IT Hardware & Communications Technology Conference on August 27th
• Evercore ISI Semiconductor, IT Hardware & Networking Conference on August 28th
• MESH Ventures Investor Meeting (Virtual) on September 3rd
• CICC Investor Call (Mandarin) on September 4th
• Fubon Investor Call on September 5th

These events will feature 1-on-1 meetings and group calls with key executives including CEO Gene Sheridan, CFO Janet Chou, and VP Investor Relations Stephen Oliver.

Navitas Semiconductor (NVTS) reported Q2 2024 financial results, with revenue growing to $20.5 million, a 13% increase year-over-year. The company's performance was at the higher end of guidance, with first-half revenue up nearly 40% year-on-year. Navitas highlighted important advances in AI data center power systems to support nVidia's processor platforms. The company reported a GAAP loss from operations of $31.1 million and a non-GAAP loss of $13.3 million. Cash and cash equivalents stood at $112.0 million with no debt. Navitas saw significant growth in customer pipelines across various markets, including AI data centers, EV/eMobility, appliances/industrial, and solar/energy storage. The company expects Q3 2024 net revenues of $22.0 million ± $500,000 with a non-GAAP gross margin of 40% ± 50 basis points.

Navitas Semiconductor (Nasdaq: NVTS) announced expanded adoption of its GaNFast™ gallium nitride (GaN) power ICs by Samsung. Initially used in flagship Galaxy S22, S23, and S24 models, GaNFast ICs are now incorporated in mainstream Galaxy A series and the innovative Galaxy Z Fold6 and Z Flip6 smartphones.

GaN technology offers significant advantages over legacy silicon, including 20x faster operation, enabling chargers that are 3x more powerful and 3x faster, while being half the size and weight. The new 25W charger (EP-T2510) features energy-saving technology that reduces standby losses by 75% to only 5 mW. This aligns with Navitas' environmental initiatives, as each GaNFast IC saves 4 kg of CO2 compared to legacy silicon chips.

Navitas Semiconductor (Nasdaq: NVTS) has introduced its 3rd generation 650 V 'fast' silicon carbide (SiC) MOSFETs in a robust TOLL package. These Gen-3 'Fast' (G3F) SiC MOSFETs are designed for high-power, high-reliability applications such as AI data centers, EV charging, and energy storage solutions. Key features include:

- Best-in-class low on-resistance of 20 to 55 mΩ
- Optimized for fastest switching speed and highest efficiency
- Up to 25°C lower case temperatures and up to 3x longer life than alternatives
- 9% reduction in junction-to-case thermal resistance
- 30% smaller PCB footprint and 60% smaller size than D2PAK-7L

Navitas' 4.5 kW AI power system reference design, featuring the G3F SiC MOSFET, achieves a peak efficiency above 97% and a power density of 137 W/inch³, making it the world's highest power density AI PSU.

Navitas Semiconductor (Nasdaq: NVTS) has unveiled a groundbreaking 4.5 kW AI data center power supply reference design, featuring optimized GaNSafe™ and Gen-3 'Fast' (G3F) SiC power components. This design achieves the world's highest power density at 137 W/in3 with over 97% efficiency, addressing the increasing power demands of next-generation AI GPUs like NVIDIA's Blackwell B100 and B200.

The design combines 650 V G3F SiC MOSFETs for the PFC stage and 650 V GaNSafe power ICs for the stage, exploiting the strengths of each semiconductor technology. This innovation enables higher frequency operation, cooler performance, and improved reliability. The company reports over 30 data center customer projects in development, potentially driving millions in GaN and SiC revenue from 2024 into 2025.

Navitas Semiconductor (Nasdaq: NVTS) has announced it will release its second quarter 2024 financial results on Monday, August 5th, 2024, after the market closes. The company will host a conference call and live webcast at 2:00 p.m. Pacific / 5:00 p.m. Eastern on the same day to present the results and answer questions from financial analysts.

Investors and interested parties can access the conference call via toll-free dial-in numbers: (800) 715-9871 or (646) 307-1963, using Conference ID: 6394013. A live webcast will be available at https://edge.media-server.com/mmc/p/5g4qt2xi. Following the event, a replay of the call will be accessible from the Investor Relations section of Navitas Semiconductor's website at https://ir.navitassemi.com/.

Navitas Semiconductor, the leader in GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, announced a collaboration with J Rep, their Japanese partner, at the Techno-Frontier trade show.

The event, happening from July 24-26, 2024, at Tokyo Big Sight, will showcase Navitas' innovative technologies like GaNSafe™ GaN power IC, Gen-4 GaNSense™ Half-Bridge ICs, and Gen-3 Fast GeneSiC power FETs.

These products offer high efficiency and reliability for AI data centers, EVs, industrial systems, and fast charging applications.

Techno-Frontier, established in 1981, is Japan's premier exhibition for power supplies and components, expecting over 400 exhibitors and 34,000 visitors.

Navitas Semiconductor (Nasdaq: NVTS) announced that its GaNFast power ICs will be used in Lenovo's latest GaN chargers—the Xiaoxin 105 W and Legion C170 W. The Xiaoxin 105 W charger is designed for daily travel, offering 105 W of power, three ports, and is lightweight at 206 grams. The Legion C170 W charger caters to gamers, delivering 170 W of power and weighing 245 grams. This collaboration marks a continued partnership that has previously resulted in high-performance chargers for Lenovo's gaming and travel segments. Both companies are also committed to sustainability, with Lenovo verified by SBTi for net zero targets and Navitas being CarbonNeutral® certified. Navitas' technology enables efficient, lightweight chargers that reduce carbon emissions.