TORRANCE, Calif., June 24, 2025 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, has been awarded the ‘Outstanding Technical Collaboration Award’ from VREMT Energy, a subsidiary of Geely, which specializes in new energy vehicle power batteries, electric drive systems, charging systems and energy storage systems. VREMT and Navitas opened a joint R&D Laboratory to accelerate ...

Group 1 - China Bank Shanxi Branch has developed a comprehensive financial innovation service system to support technology-based enterprises, aiming to inject continuous momentum into the innovation development of Shanxi's tech sector, with over 100 billion yuan in loans projected by May 2025 [1] - Shanxi Jiashida Robot Technology Co., Ltd. transformed from a small R&D team into a national-level specialized "little giant" enterprise, receiving 3 million yuan in credit loans during critical development phases, with credit support increasing to nearly 70 million yuan over ten years [2] - In January, China Bank announced a plan to provide no less than 1 trillion yuan in financial support for the AI industry chain over the next five years, with Shanxi Branch already providing nearly 500 million yuan to over ten AI enterprises by May 2025 [3] Group 2 - Taiyuan Fulairida Logistics Equipment Technology Co., Ltd. received 50 million yuan in funding from China Bank Shanxi Branch, enabling the development of advanced smart warehousing systems and equipment, enhancing operational efficiency and promoting low-carbon storage solutions [4] - Datong has become a significant data center hub, with over 204,000 large-scale data centers and more than 3 million servers supporting high-tech industries, showcasing the city's transformation from coal mining to data processing [5] - China Bank Shanxi Branch tailored financial products for Datong's enterprises facing funding challenges, simplifying approval processes and reducing financing costs, with nearly 500 million yuan in loans issued to a specific data service company by May 2025 [6][7]