Navitas Semiconductor Corp Stock Price, News & Analysis

Navitas Semiconductor (Nasdaq: NVTS) will showcase groundbreaking power semiconductor innovations at CPEEC & CPSSC 2024 in Xi'an. The company will present the world's first 8.5 kW OCP AI data center power supply using GaNSafe and Gen-3 Fast SiC MOSFETs, alongside the highest power density 4.5 kW AI data center power supply. Their 'IntelliWeave' patented digital control achieves PFC peak efficiencies of 99.3% and reduces power losses by 30%. The company will also display a 6.6kW 2-in-1 EV on-board charger and introduce the new GaNSlim family for applications up to 500W, featuring autonomous EMI control and loss-less sensing.

Navitas Semiconductor (NVTS) announces groundbreaking developments in GaN and SiC technologies to be showcased at electronica 2024. The highlight is the world's first 8.5 kW power supply for AI data centers, utilizing GaNSafe power ICs and Gen-3 Fast SiC MOSFETs. The Gen-3 Fast GeneSiC MOSFETs deliver up to 25°C lower case temperature and 3x longer life compared to competitors. The company will also display GaNSense Motor Drives ICs, 650V bi-directional GaN demonstrator, and SiCPAK modules for various high-power applications. According to Yole Group, GaN and SiC products are expected to capture 30% of the power semiconductor market by 2027.

Navitas Semiconductor (NVTS) has announced it will release its third quarter 2024 financial results after market close on Monday, November 4th, 2024. The company will host a conference call and webcast at 2:00 p.m. Pacific / 5:00 p.m. Eastern time to discuss the results and answer questions from financial analysts. Investors can access the call via toll-free numbers (800) 715-9871 or (646) 307-1963 using Conference ID 2158932. A webcast replay will be available in the Investor Relations section of Navitas' website.

Navitas Semiconductor (Nasdaq: NVTS) is set to introduce 'IntelliWeave', a patented digital control technique for improving AI data center power supply efficiency, at the IEEE Energy Conversion Congress and Expo (ECCE) this month. IntelliWeave combines next-generation GaN and SiC semiconductors with innovative control strategies to achieve:

- Peak efficiencies up to 99.3% in Power Factor Control (PFC)
- 30% reduction in power losses compared to existing solutions
- Precision current sharing and ultra-fast dynamic response
- Zero voltage switching across the full-load range

The technology has been proven on a 500 kHz GaN-based interleaving 3.2 kW CrM PFC PSU. Navitas' Director, Tao Wei, will present on this novel digital control at ECCE 2024 in Phoenix, Arizona on October 21st.

Navitas Semiconductor (Nasdaq: NVTS) has announced GaNSlim™, a new generation of highly-integrated gallium nitride (GaN) power ICs. These devices offer the highest level of integration and thermal performance, simplifying and speeding up the development of small form factor, high-power-density applications up to 500 W.

Key features of GaNSlim include:

• Integrated drive, control, and protection
• Integrated EMI control and loss-less current sensing
• High thermal performance proprietary DPAK-4L package
• Ultra-low startup current below 10 µA
• Autonomous turn-on/off slew rate control
• Over-temperature protection and auto sleep-mode

Target applications include chargers for mobile devices and laptops, TV power supplies, and lighting. The NV614x GaNSlim family is rated at 700 V with RDS(ON) ratings from 120 mΩ to 330 mΩ, available for both isolated and non-isolated topologies, and comes with a twenty-year warranty.

Navitas Semiconductor (Nasdaq: NVTS) has announced the availability of its high-power GaNSafe family in a TOLT (Transistor Outline Leaded Top-side cooling) package. This new offering is designed for demanding, high-power applications such as AI data centers, solar/energy storage, and industrial markets. The GaNSafe family integrates control, drive, sensing, and critical protection features, making it the world's safest GaN with short-circuit protection, 2kV ESD protection, and programmable slew rate control.

The TOLT packaging enhances thermal dissipation, allowing for reduced operating temperature and increased current capability. Suitable for applications from 1 kW to 22 kW, the 650 V GaNSafe in TOLT packaging is available with RDS(ON)MAX ranging from 25 to 98 mΩ. Navitas will also offer reference design platforms for applications including data center power supplies and EV on-board chargers.

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.