STMEF - Navitas Semiconductor: Strong Growth Underpinned By Growing Pipeline
2024-02-08 14:41:09 ET
Summary
- Navitas Semiconductor showcased its superior SiC technology compared to competitors, offering better performance and reliability.
- The company demonstrated its investments and strength in the data center and EV segments.
- Navitas grew its customer pipeline by 65% to $1.25 billion as of December 2023, with strong growth across multiple segments.
- In the long-term, Navitas intends to grow 6x to 10x the market and deliver at least 50% gross margins and 20% operating margins.
Navitas Semiconductor ( NVTS ) recently held its 2023 investor day in December 2023.
The company showed investors more about its product leadership, growing pipeline and financial targets.
Market opportunity
Firstly, we will cover the market opportunity for Navitas.
Based on a 2026 view, the company expects an opportunity of over $22 billion in SiC and GaN....
Navitas Semiconductor: Strong Growth Underpinned By Growing Pipeline