Navitas Semiconductor Soars on Strategic Execution in Booming GaN/SiC Power Semiconductor Market
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Navitas Semiconductor (NVTS) is a rapidly growing semiconductor company specializing in gallium nitride (GaN) and silicon carbide (SiC) power components. Revenue grew 60% in 2022 and 109% in 2023.
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NVTS leverages GaN and SiC technology to enable smaller, more efficient, and higher performance power electronics across applications like mobile device chargers, data centers, solar, EVs, and more.
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Management has done an excellent job growing the company from founding to IPO to over $150M in annual revenue, with strategic acquisitions, timely funding, and strong execution.
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The market for GaN and SiC power semiconductors is enormous at over $3B today and projected to reach nearly $100B by 2050, offering substantial long-term growth potential.
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Risks include high geographic revenue concentration (70% Asia, 62% China), potential share dilution from stock compensation, and extreme global political scenarios affecting access to manufacturing and customers.