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Navitas Semiconductor Corp (NVTS) drives innovation in next-generation power electronics through its GaN and SiC semiconductor solutions. This news hub provides investors and industry professionals with essential updates on technological breakthroughs, strategic partnerships, and market developments.
Access curated press releases and analysis covering earnings reports, product launches, and sustainability initiatives. Stay informed about NVTS' leadership in energy-efficient power conversion technologies serving mobile, EV, and data center markets.
Discover updates on patent milestones, manufacturing expansions, and industry collaborations that demonstrate Navitas' technical expertise in high-frequency power ICs. Our collection ensures you never miss critical developments impacting this semiconductor innovator.
Bookmark this page for streamlined access to verified NVTS updates. Check regularly for new insights into GaNFast technology advancements and their global impact on power electronics efficiency.
Navitas Semiconductor (Nasdaq: NVTS) will showcase its latest gallium nitride (GaN) and silicon carbide (SiC) technologies at PCIM 2024 in Nuremberg, Germany from June 11-13. The company will highlight its GaNFast™ and GeneSiC™ semiconductors, emphasizing their applications in AI, EVs, industrial processes, solar energy, and energy storage. Navitas' booth, 'Planet Navitas,' will display technologies promising increased portability, longer range, faster charging, and grid independence, while also contributing to reduced carbon emissions. The event features key presentations on high-efficiency AC-DC converters and evaluations of SiC devices for high-frequency applications, enhancing Navitas' $1.6 billion customer pipeline within a $22 billion market opportunity.
Navitas Semiconductor, a leading pure-play power semiconductor company, announced its participation in several upcoming investor events. The company, known for its GaNFast™ gallium nitride (GaN) power ICs and GeneSiC™ silicon carbide (SiC) technology, aims to review the drivers of its $1.6 billion pipeline and its mission to “Electrify Our World™.”
Key events include the MESH Ventures Call on May 14th, the Craig-Hallum Institutional Investor Conference on May 29th, the Baird Global Consumer, Technology & Services Conference on June 4-5th, the William Blair Growth Stock Conference on June 6th, the Rosenblatt Virtual Technology Summit on June 13th, and the ROTH London Conference on June 26th. Executives like CEO Gene Sheridan, CFO Janet Chou, and VP Investor Relations Stephen Oliver will be presenting and available for 1-on-1 meetings.
Live webcasts and replays of presentations will be available on Navitas Semiconductor's website.
Navitas Semiconductor announced its first quarter 2024 financial results, showcasing a 73% increase in revenue driven by GaN adoption in various sectors. The company highlighted new GaNSlim™ technology for enhanced system integration and cost-efficiency. Despite market challenges, Navitas CEO expressed optimism due to strong customer demand and a growing $1.6 billion pipeline.
Financially, revenue reached $23.2 million, while GAAP loss from operations was $31.6 million. Cash reserves stood at $129.7 million. The company reported significant milestones in AI data centers, EV chargers, solar applications, and industrial sectors. Navitas expects Q2 revenues around $20 million, with a focus on innovation and growth.
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