2025-06-11 15:00Financial Data and Key Metrics Changes - Navitas shares have increased by 125% year to date, indicating strong market performance [2] - The company raised $300 million during its IPO to expand GaN applications into higher power sectors like data centers [6] Business Line Data and Key Metrics Changes - Navitas has transitioned from 1,000-watt power supplies to 12-kilowatt power supplies in just 24 months, representing a significant increase in power density [11][12] - The introduction of Intelliweave technology is expected to enhance energy efficiency by up to 30% [27] Market Data and Key Metrics Changes - The power semiconductor market is described as a multibillion-dollar industry with substantial growth potential for Navitas [3] - The shift to 800-volt data centers is anticipated to reduce current and distribution losses significantly, enhancing overall efficiency [31] Company Strategy and Development Direction - The primary focus for Navitas is now on AI data centers, with plans to integrate both GaN and silicon carbide technologies for optimal performance [8] - The company aims to expand its presence in the solar and electric vehicle markets over the next 12 months [95] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges of transitioning from silicon to GaN and silicon carbide, emphasizing the need for a complete redesign of power supply systems [83] - The company is optimistic about the future, citing strong demand from major cloud providers and the potential for significant energy savings in data centers [51][56] Other Important Information - Navitas is actively working with major hyperscalers like AWS, Google, and Microsoft on 40 customer projects [50] - The company is leveraging its fabless model to reduce costs and improve supply chain efficiency during the semiconductor downturn [92] Q&A Session Summary Question: What is the total addressable market (TAM) for Navitas? - The TAM is estimated to be in the hundreds of millions to a billion dollars over the coming years, with ongoing assessments to refine these estimates [58] Question: How does Navitas differentiate itself from competitors like Power Integrations? - Navitas is the only company creating true GaN ICs, integrating critical functions into a single chip, which provides a competitive edge [67] Question: What is the role of Intelliweave in power savings? - Intelliweave allows for higher frequency operation in power factor correction, unlocking additional energy efficiency [26] Question: How is the supply chain for silicon carbide looking? - The supply chain is improving, with costs coming down and availability increasing due to the fabless model employed by Navitas [92] Question: What is the status of partnerships with companies like Tesla? - While there are no specific announcements, Tesla is seen as a potential customer due to its focus on solar, energy storage, and EVs [81]