Navitas Semiconductor Corporation Common Stock
NVTSNavitas Semiconductor Corporation (NVTS) is a leading provider of gallium nitride (GaN) power semiconductors, specializing in high-efficiency, compact, and fast-charging power solutions. The company develops advanced GaN-based power ICs used in a wide range of applications including consumer electronics, data centers, industrial systems, and electric vehicles. Navitas aims to enable more energy-efficient electronic devices through innovative semiconductor technology.
Company News
Navitas Semiconductor is transitioning its semiconductor business towards AI data center power control technologies, expecting significant long-term growth despite short-term revenue declines in 2025 and 2026.
Navitas Semiconductor announced participation in a UBS conference and completed a $100 million private placement, raising capital to accelerate momentum in AI data centers, computing, and infrastructure markets.
Navitas Semiconductor raised $100 million through a private placement offering, selling 14.8 million shares at $6.75 per share, which caused its stock to decline 13.19%. The capital raise aims to support the company's strategic transformation into 'Navitas 2.0', focusing on high-power markets like AI data centers and energy infrastructure.
Navitas Semiconductor announced advanced GaN and SiC power devices supporting NVIDIA's 800 VDC power architecture for AI data centers, enabling higher efficiency, power density, and scalable infrastructure for next-generation computing platforms.
Navitas Semiconductor (NVTS) delivered earnings and revenue surprises of -50% and 0.11%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
