TORRANCE, Calif., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS), the industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, today announced that Samsung had expanded adoption of Navitas' GaNFast ICs from the original flagship Galaxy S22, S23 and S24 to the mainstream Galaxy A, and revolutionary Galaxy Z Fold6 and Galaxy Z Flip6 smartphones with enhanced Galaxy AI features. GaN runs up to 20x faster than legacy silico ...

TORRANCE, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS), the industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, today extended its new portfolio of Gen-3 'Fast' (G3F) 650 V SiC MOSFETs into a thermally-enhanced, rugged, high-speed, surface-mount TOLL (Transistor Outline Leadless) package designed for demanding, high-power, high-reliability applications. Combining high-power capability and best-in-class lo ...

Core Viewpoint - Navitas Semiconductor will report its second quarter 2024 financial results on August 5, 2024, followed by a conference call and webcast for financial analysts [1][2]. Company Overview - Navitas Semiconductor (Nasdaq: NVTS) is a pure-play, next-generation power-semiconductor company, celebrating its 10th anniversary in 2024 [3]. - The company specializes in GaNFast™ power ICs that integrate gallium nitride (GaN) technology for faster charging, higher power density, and energy savings, alongside GeneSiC™ power devices for high-power, high-voltage, and high-reliability silicon carbide (SiC) solutions [3]. - Key markets for Navitas include electric vehicles (EV), solar energy, energy storage, home appliances, industrial applications, data centers, and consumer electronics [3]. - As of August 2023, Navitas has shipped over 125 million GaN units and 12 million SiC units, holding over 250 patents [3]. - The company is recognized for its commitment to sustainability, being the first semiconductor company to achieve CarbonNeutral® certification [3].

TORRANCE, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) today announced that it will report second quarter 2024 financial results after the market close on Monday, August 5th, 2024. Management will host a conference call and live webcast to present the company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific / 5:00 p.m. Eastern that same evening. Navitas Q2 2024 Financial Results Conference Call and Webcast Information: When: ...

Core Viewpoint - The 1Q24 earnings report from Navitas Semiconductor indicates a slowdown in revenue growth for 2024, with management expressing less confidence in achieving previous growth targets due to market conditions and demand fluctuations [2][18][27]. Financial Performance - The company reported a revenue guidance of $20 million for 2Q24, reflecting only a 10% year-over-year growth and a sequential decline from 1Q24 [18]. - To achieve operating margin breakeven, Navitas needs quarterly revenues between $50 million to $55 million [20]. - The financial forecasts for 2024 estimate revenue at $132 million, with a year-over-year growth of 27% [26]. Customer Pipeline and Market Demand - The customer pipeline has grown by 28% from December 2023 to $1.6 billion, indicating strong future potential despite current challenges [18][28]. - Significant growth in the EV pipeline, which increased by over 50% to $400 million, is driven by interest from various electric vehicle segments [9]. - The data center segment is experiencing increased demand due to developments in AI, with expectations of millions in revenue in 2024 and $10 million to $20 million in 2025 [3][14]. Technology and Product Development - Navitas Semiconductor's GaNSafe technology allows for increased server power from 3.2 kilowatts to 8-10 kilowatts, meeting new energy efficiency standards [9]. - The company has launched a new 22-kilowatt onboard charger platform, which offers three times faster charging and double the power density [9]. - The mobile and consumer markets remain strong, with major OEMs adopting GaN technology, leading to the production of 20 new fast chargers in 1Q24 [25]. Long-term Outlook - The new CFO is focused on driving profitable growth and improving working capital efficiencies, with a long-term goal of achieving 50% gross margins and 20% operating margins [10][20]. - Despite short-term challenges, the company maintains a positive outlook on its long-term growth potential, particularly in the data center and EV markets [27][28].

TORRANCE, Calif., July 12, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, today announced it will team up with its Japanese sales and marketing partner, J Rep, at Japan's largest power electronics trade show Techno-Frontier to highlight solutions including a hybrid GaN-SiC AI Server PSU, a 3-phase GaN industrial motor drive requiring no heatsink, and a GaN-based 8K-L ...

Core Viewpoint - Navitas Semiconductor's GaNFast power ICs have been selected for Lenovo's new GaN technology chargers, enhancing fast charging experiences for consumers [1][5]. Company Collaboration - Lenovo and Navitas have a long-term partnership that has led to innovative fast chargers, increasing market awareness of GaN technology [2][9]. - The collaboration has resulted in various products, including chargers for gaming devices and lightweight travel chargers [2][5]. Product Details - The Legion C170 W GaN charger delivers 170 W of power, is 78% lighter than its predecessor, and charges devices up to 2 times faster [4]. - The Xiaoxin 105 W GaN charger outputs 105 W, is 41% lighter than typical adapters, and can charge a device to 50% in just 34 minutes [8]. Technology and Innovation - Navitas' GaNFast technology enables smaller, lighter chargers with higher power density, contributing to carbon reduction through "dematerialization" [9][12]. - The NV6136 and NV6138 GaNFast power ICs feature advanced technologies for improved efficiency, reliability, and performance [4][8]. Sustainability Efforts - Both companies are committed to sustainability, with Lenovo aiming for net-zero emissions and Navitas being the first power semiconductor company to achieve CarbonNeutral® certification [9][12]. - The collaboration focuses on reducing energy usage and emissions in charger production, aligning with global sustainability goals [3][9].

Core Insights - Navitas Semiconductor has launched its new Gen-3 'Fast' (G3F) 650 V and 1,200 V SiC MOSFETs, which are designed for high-speed switching, efficiency, and power density in applications such as AI data centers, EV chargers, and solar energy systems [2][4][10] - The G3F family achieves up to 600 kHz switching speeds and offers hard-switching figures-of-merit that are 40% better than competitors, enabling higher wattage for next-generation AI power supply units [2][8] - The proprietary 'trench-assisted planar' technology used in G3F MOSFETs results in lower RDS(ON) and power losses, with up to 20% lower RDS(ON) at high temperatures compared to competitors [3][15] Product Performance - The G3F MOSFETs provide a power density of 138 W/inch³ and peak efficiency above 97%, meeting 'Titanium Plus' efficiency standards required in Europe [4] - For the EV market, the 1,200 V/34 mOhm G3F FETs enable a new 22 kW, 800V BiDirectional OBC and 3KW DC-DC converter, achieving a power density of 3.5 kW/L and peak efficiency of 95.5% [10] - GeneSiC MOSFETs feature the highest-published 100%-tested avalanche capability and longer short-circuit withstand time, making them suitable for high-power applications [9] Company Overview - Navitas Semiconductor is a pure-play next-generation power-semiconductor company founded in 2014, focusing on GaN and SiC technologies [11] - The company has over 250 patents issued or pending and was the first semiconductor company to achieve CarbonNeutral® certification [11]

Additionally, all GeneSiC MOSFETs have the highest-published 100%-tested avalanche capability, 30% longer short-circuit withstand time, and tight threshold voltage distributions for easy paralleling, GeneSiC MOSFETs are ideal for high-power, fast-time-to-market applications. About Navitas Stephen Oliver, VP of Corporate Marketing ir@navitassemi.com TORRANCE, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry leader in next-generation GaNFast™ gallium nitride (GaN) a ...

Core Insights - Navitas Semiconductor is showcasing its GaNFast™ and GeneSiC™ power semiconductor technologies at PCIM 2024, emphasizing their applications across various fast-growing markets from 20 W to 20 MW [1][3][4] - The company aims to demonstrate how its technologies contribute to electrification in sectors such as EV transportation, AI data centers, and renewable energy, with a potential CO2 reduction of over 6 Gtons per year by 2050 [3][4] Company Overview - Navitas Semiconductor, founded in 2014, is a pure-play next-generation power semiconductor company, celebrating 10 years of innovation [7][9] - The company has shipped over 125 million GaN and 12 million SiC units as of August 2023, and holds over 250 patents [9] Market Opportunity - The identified customer pipeline for Navitas is valued at $1.6 billion, within a broader market opportunity of $22 billion per year [4] - The company’s technologies are positioned to enhance performance in key markets including EV, solar, energy storage, and data centers [9] Product Innovations - Major product updates include GaNSafe™, Gen-4 GaNSense™ Half-Bridge ICs, and Gen-3 Fast GeneSiC power FETs, aimed at improving motor drive and energy storage applications [4] - A new low-cost 300 W high-density AC-to-DC converter has been developed, achieving over 96% peak efficiency and a power density of 1.1 W/cc [8] Event Details - PCIM 2024 will take place from June 11th to 13th in Nuremberg, Germany, featuring the "Planet Navitas" booth in Hall 9, booth 544 [7]