Navitas Semiconductor (US:NVTS) globenewswire.com·2024-05-21 12:30Core 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]