In a release issued under the same headline by Navitas
Semiconductor, please note that the second paragraph should have
read "Navitas’ Q2 2023 results" and not "Navitas’ Q3 2023 results".
The corrected release follows:
Navitas Semiconductor, the only pure-play, next-generation power
semiconductor company and industry leader in gallium nitride (GaN)
power ICs and silicon carbide (SiC) technology, has announced
participation in a series of upcoming investor conferences:
Navitas’ Q2 2023 results included record revenue, up 110% vs. Q2
2022 to $18.1 million, gross margin of 41.5%, cash of $177.7
million, and a 30% increase in customer pipeline to over $1
billion.
“Navitas was founded with the mission to ‘Electrify Our World’
as we accelerate the planet’s transition from fossil-fuels to
renewable energy sources and clean-energy applications,” said Gene
Sheridan, CEO and co-founder. “As the only pure-play, next-gen,
power semi company, our leading-edge GaN and SiC technologies are
delivering extraordinary growth in both near-term revenue and our
customer opportunity pipeline across all key markets including EV,
renewable energy, data center, appliance/industrial and mobile
segments.”
Conferences by date:
Needham: 4th Annual Needham Virtual Semiconductor
& SemiCap 1x1 ConferenceAugust 22nd, 1-on-1
meetingsGene Sheridan, CEO, Ron Shelton, CFO, and Stephen Oliver,
VP Corp. Mktg & IR.To register, please contact your Needham
sales professional.
Fubon SecuritiesAugust 22nd, 10pm US eastern /
August 23rd 10am TaiwanGene Sheridan, CEO, Ron Shelton, CFO and
Stephen Oliver, VP Corporate Marketing & IR To attend, please
contact Melody Teng, Global Equities Division at
melody.teng@fubon.com
CICC (in Mandarin,
普通话)August 23rd,
10pm US eastern / August 24th 10am Hong Kong/ChinaCharles (Yingjie)
Zha, VP & GM Navitas China and Ron Shelton, CFO To attend,
please contact Nicole Yang, CICC Research Department at
xiaoyu5.yang@cicc.com.cn
China RenaissanceAugust 24th, 9pm US eastern /
August 25th 9am Hong Kong/ChinaGene Sheridan, CEO, Ron Shelton, CFO
and Stephen Oliver, VP Corporate Marketing & IR To attend,
please contact Annie Liu, Corporate Access at
annieliu@huaxing.com
Jefferies: Jefferies Semiconductor, IT Hardware &
Communications Technology SummitAugust 29th, 1-on-1
meetings, Four Seasons Hotel, Chicago, IL. Ron Shelton, CFO and
Stephen Oliver, VP Corporate Marketing & IR.
Deutsche Bank: 2023 Technology ConferenceAugust
30th, 1-on-1 meetings, Waldorf Astoria Monarch Beach, Dana Point,
CA.Gene Sheridan, CEO.For more information, please contact your
Deutsche Bank representative.
About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is the only pure-play,
next-generation power-semiconductor company, founded in 2014.
GaNFast™ power ICs integrate gallium nitride (GaN) power and drive,
with control, sensing, and protection to enable faster charging,
higher power density, and greater energy savings. Complementary
GeneSiC™ power devices are optimized high-power, high-voltage, and
high-reliability silicon carbide (SiC) solutions. Focus markets
include EV, solar, energy storage, home appliance / industrial,
data center, mobile and consumer. Over 185 Navitas patents are
issued or pending. Over 100 million GaN and 12 million SiC units
have been shipped, and with the industry’s first and only 20-year
GaNFast warranty. Navitas was the world’s first semiconductor
company to be CarbonNeutral®-certified.
Navitas, GaNFast, GaNSense, GeneSiC, and the
Navitas logo are trademarks or registered trademarks of Navitas
Semiconductor Limited and affiliates. All other brands, product
names, and marks are or may be trademarks or registered trademarks
used to identify products or services of their respective
owners.
Contact Information
Stephen Oliver, VP Corporate Marketing & Investor Relations
ir@navitassemi.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/78ab1ebf-915b-4ae0-a48a-c69075a2fc1b
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