2024-03-11 14:46:05 ET
Summary
- Navitas Semiconductor is the market leader in gallium nitride components, which are used in fast chargers for smartphones.
- The company recently acquired GeneSiC Semiconductor to expand its presence in the silicon carbide market.
- Navitas expects significant revenue growth and a decrease in operating losses, with analysts predicting revenue of over $113 million this year and $202 million next year.
If you got a smartphone at any time In recent years, it likely came with a fast charger. The odds are, overwhelmingly, the components were either gallium nitride (GaN) or silicon carbide (SiC)....
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Growth, Market Leadership Portend A Bright Future For Navitas