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EL SEGUNDO, Calif., May 26, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS), the industry-leader in gallium nitride (GaN) power ICs, announced the appointment of Ron Shelton as Senior VP, CFO and Treasurer. In parallel, interim CFO, Todd Glickman, will continue in his integral role as SVP of Finance. "We welcome Ron to the team as he brings rich experience as a public-company CFO in semiconductors, in M&A and other strategic transactions which will be invaluable in our mission to become the leading next-generation power-semiconductor company," said Gene Sheridan, Navitas CEO and co-founder. "Additionally, I would like to thank Todd for his support and leadership through Navit
EL SEGUNDO, Calif., May 02, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS), the industry-leader in gallium nitride (GaN) power ICs, today announced that it will report first quarter 2022 financial results after the market close on Thursday, May 12th, 2022. 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. GaN is a next-generation semiconductor technology that runs up to 20x faster than legacy silicon (Si) chips, and enables up to 3x more power or 3x faster charging with up to 40% energy savings in half the size
Advances mission to "Electrify Our World™" as each next-gen GaN power IC saves 4 kg CO2 EL SEGUNDO, Calif., May 27, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor, industry-leader in GaN power ICs, announced that it is the world's first semiconductor company to achieve CarbonNeutral®-company certification from the leading experts on carbon-neutrality and climate finance, Natural Capital Partners. Achieving CarbonNeutral-company certification is another milestone towards Navitas' mission to "Electrify Our World" and to help Navitas' customers achieve their own sustainability goals. Gallium nitride (GaN) is a next-generation semiconductor technology that runs up to 20x faster than legacy s
EL SEGUNDO, Calif., May 26, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS), the industry-leader in gallium nitride (GaN) power ICs, announced the appointment of Ron Shelton as Senior VP, CFO and Treasurer. In parallel, interim CFO, Todd Glickman, will continue in his integral role as SVP of Finance. "We welcome Ron to the team as he brings rich experience as a public-company CFO in semiconductors, in M&A and other strategic transactions which will be invaluable in our mission to become the leading next-generation power-semiconductor company," said Gene Sheridan, Navitas CEO and co-founder. "Additionally, I would like to thank Todd for his support and leadership through Navit
[An earlier version of this press release contained a typographical error in the Business Outlook section—Navitas' gross margin guidance for Q2 2022 and gross margin guidance for full year 2022 were inadvertently reversed. The error is corrected in this version.] First GaN power company to ship over 50 million units; leads fast & ultra-fast charger market New strategic customers include Samsung, vivo and Motorola First semiconductor company certified CarbonNeutral™ EL SEGUNDO, Calif., May 12, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (NASDAQ:NVTS), the industry leader in GaN Power ICs, today announced unaudited financial results for the first quarter ended March 31, 20
First GaN power company to ship over 50 million units; leads fast & ultra-fast charger marketNew strategic customers include Samsung, vivo and MotorolaFirst semiconductor company certified CarbonNeutral™ EL SEGUNDO, Calif., May 12, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation (NASDAQ:NVTS), the industry leader in GaN Power ICs, today announced unaudited financial results for the first quarter ended March 31, 2022.Net revenues for the quarter increased to $6.7 million, up 27% from the first quarter of 2021. GAAP gross margin for the quarter was 44.0%. GAAP loss from operations for the quarter was $35.0 million, compared to a loss of $7.3 million in Q1 2021. On a non-GAAP bas
EL SEGUNDO, Calif., May 12, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS) – the industry leader in gallium nitride (GaN) power ICs - today officially announced that its next- generation GaNFast™️ power ICs with GaNSense™ technology have been used in Lenovo's newly-released Legion C135 GaN charger, and featured on the Nasdaq Tower in Times Square, New York. Lenovo's Legion 5 and 5 Pro Gen 7 laptops are significant gaming machines, featuring AMD Rembrandt Ryzen 9 or Intel 12th-gen Alder Lake Core CPUs, AMD Radeon Vega or NVIDIA RTX GPUs, 32 GB of DDR5 memory, 1 TB of solid-state drive, up to 16" screens with 240 Hz refresh rates, and a mighty 80 Whr battery. GaN is a next-ge
EL SEGUNDO, Calif., May 11, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits has announced that its GaNFast technology has been selected to charge Motorola's flagship motorola edge+ (2022) smartphone. The TurboPower 68W (MC-681) charger has arrived in the US as a standalone accessory to bring a fast charging experience on top of the amazing battery life of the new edge+. The new motorola edge+, with the Snapdragon® 8 Gen 1 Mobile Platform, blazing-fast 5G and WiFi 6E and 6.7" OLED screen has a powerful 4,800 mAh battery. When used with the TurboPower 68W fast charger (sold separately), you can charge o
EL SEGUNDO, Calif., May 10, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits has announced the NV6169, a new high-power 650/800 V-rated GaNFast™ power IC with GaNSense™ technology to address higher-power applications such as 400-1000 W 4K/8K TVs and displays, next-generation gaming systems, 500 W solar microinverters, 1.2 kW data-center SMPS, and up to 4 kW / 5 hp motor drives. GaN is a next-generation power semiconductor technology running 20x faster than traditional silicon. Compared with traditional silicon chargers, gallium nitride chargers can achieve 3x the power or 3x faster charging with up to 40%
EL SEGUNDO, Calif., May 09, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs) announced an industry-first achievement of 50,000,000 units shipped – with zero reported GaN-related field failures. To celebrate, a Navitas GaN wafer was presented to vivo – pioneers in fast charging. vivo's vision of cooperating with Navitas brings more convenience to users through leading technology, making chargers faster, lighter, and more environmentally friendly – highly-consistent with Navitas' iconic mission and vision to ‘Electrify Our World™'. In January and April 2022, vivo and Navitas aligned their visions for
EL SEGUNDO, Calif., May 02, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS), the industry-leader in gallium nitride (GaN) power ICs, today announced that it will report first quarter 2022 financial results after the market close on Thursday, May 12th, 2022. 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. GaN is a next-generation semiconductor technology that runs up to 20x faster than legacy silicon (Si) chips, and enables up to 3x more power or 3x faster charging with up to 40% energy savings in half the size
EL SEGUNDO, Calif., April 22, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (NASDAQ:NVTS) – the industry leader in gallium nitride (GaN) power ICs - today officially announced that its next-generation GaNFast™️ power ICs with GaNSense™ technology have been selected to power vivo's newly-released, first folding-screen flagship ‘X Fold' in-box 80W flash charger. The vivo X Fold adopts a high-capacity 4,600 mAhr dual-battery solution charging 0-50% in a lightning-fast 17 minutes, and fully-charged to 100% in only 37 minutes. The X Fold features multiple technological innovations, with Qualcomm Snapdragon 8+, 120 Hz refresh rate, 3D ultrasonic dual-screen fingerprint access and the world's f
4 - Navitas Semiconductor Corp (0001821769) (Issuer)