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Navitas Celebrates TenYearsof Electrifying Next-Gen PowerInnovations

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Adecade (2014-2024) of pioneering power semiconductor inspirations and introductions, with record financial growth, on a mission to “Electrify Our World™”

Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology marks 10 years of innovation and growth in a broad range of fast-growing markets from ultra-fast mobile charging to AI data centers, renewable energy and EVs.

The name ‘Navitas’ is from the Latin, meaning ‘energy’, ‘zeal’, or ‘get-up-and-go!’, and signifies the company’s passion and rate of innovation to replace legacy silicon power chips and accelerate the transition from fossil fuels to a carbon-neutral, renewable-energy world, enabling and exploiting a $1.3 trillion electrification opportunity.

Commenting on the ten-year milestone, CEO and co-founder Gene Sheridan stated: “From a trailer to a $1B+ IPO in record time and a worldwide presence with a 300-strong, highly-skilled team, we’ve so far delivered over 150 million devices and saved over 200,000 tons of CO2. Growth awards from Deloitte and Forbes highlight our revenue growth, and a long-term guidance to grow many times faster than the market.”

Dan Kinzer, co-founder and COO / CTO added: “From our founding in 2014 as a next-generation power semiconductor pioneer, Navitas has amassed over 250 patents across ‘wide band-gap’ technologies gallium nitride and silicon carbide, as well as patented, enabling high-speed controller and digital isolators. Leading-edge technology, key talent and a passion for innovation are critical factors in Navitas’ success to-date, and a strong foundation for further technology and continued market leadership.”

With each new generation of GaN IC in only 15-18 months, GaN technology milestones during Navitas’first decade include the launch of the world’s first integrated GaNFast™ power IC;GaNSense™ – the world’s first integrated precision current-sensing GaN chip;GaNSafe™ – the world’s most protected GaN power device for high-reliability systems; and the unveiling of a revolutionary new bi-directional GaN power IC platform with up to 9x smaller chip size than legacy silicon MOSFETs or IGBTs.

For higher voltages and higher power applications, Navitas offersthe industry’s broadest range (650-6,500V) of SiCbare die and packaged devices, with best-in-class efficiency, ruggedness and high-frequency operation, based on  GeneSiC technology. This assures Navitas’ position as a leading supplier of both SiC and GaNpower semiconductors to markets ranging from consumer electronics, AI data centers and electric vehicles to renewable energy and industrial automation.

In 2021 the company went public with a $1B+ IPO on the Nasdaq exchange, and 2023 marked the shipment of over one hundred million GaN shipments. In the same year the company was recognized by Forbes as one of America’s top 50 most successful small companies and was ranked 72nd in the Deloitte Technology Fast 500™ of fast-growing North American companies. Along the way the business has also offered the industry’s first 20-year warranty for its technologies and become the world’s first semiconductor company to achieve CarbonNeutral®-company certification from the leading experts on carbon-neutrality and climate finance, Climate Impact Partners.

Last year Navitas officially opened its new headquarters in Torrance, Ca. Around 100 highly-skilled Navitas staff are employed in Torrance for all aspects of GaN and SiC design, applications, test, characterization and quality, alongside specialists in finance, marketing and HR.

Navitas will celebrate 10 years of innovation and growth in a series of events during 2024, beginning with the APEC 2024 conference and “GaNFast Blast!” celebration in Long Beach from February 26th.

10-Year Highlights:

2014       Founded, Malibu CA.

2014       First monolithic GaN integration patents filed

2016       World’s first GaN power IC prototype (GaNFast™)

Pioneering keynote at premier APEC power electronics conference

2018       Mass production of GaNFast power ICs

2019       “Best Practices”, Frost & Sullivan award

2020       “Product of the Year”, Electronic Design

“Best in Show CES2020”, Tom’s Hardware

2021       Acquisition: VDD Tech (digital isolators)

$1B+ IPO (Nasdaq:NVTS)

World’s first autonomous GaN IC (GaNSense™)

“Silicon 100”, EE Times award

2022       “CES Innovation Award 2022”, honoree

World’s first 20-year warranty (GaNFast)

World’s first Sustainability Report for GaN

First 100,000 tons CO2saved

Acquisition: GeneSiC Semiconductor, leading-edge SiC MOSFETs

“Fastest 75” 3-year revenue growth, Deloitte award

World’s first semiconductor company certified CarbonNeutral™

“Product of the Year”, Electronic Design

“ESG Investing”, award finalist

2023       “CES Innovation Award 2023”, honoree

World’s first 100,000 GaN shipments

Acquisition: Elevation high-speed silicon control ICs

World’s most protected GaN power (GaNSafe™)

“Fastest 75” 3-year revenue growth (2nd year), Deloitte award

“Top 50” most successful small company, Forbes award

“GSA Analyst Favorite Semiconductor Company”, award nominee

Torrance HQ opening

2024       Market leader in pure-play, next-generation power-semiconductors
250 patents issued or pending

Guiding revenue growth many times faster than the power semiconductor market

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