Navitas Semiconductor heads into Q4 with steep revenue declines expected, as its AI pivot contrasts with China weakness and a rich valuation.
Advanced Micro Devices outpaces Navitas Semiconductor with surging data center growth and a lower valuation, while Navitas faces near-term revenue pressure.
Navitas Semiconductor is pivoting to high-power AI markets with new GaN and SiC platforms, but meaningful AI data center revenues may not arrive before 2027.
| Semiconductors & Semiconductor Equipment Industry | Information Technology Sector | Chris Allexandre CEO | NASDAQ (NMS) Exchange | 63942X106 CUSIP |
| IE Country | 280 Employees | - Last Dividend | - Last Split | 25 Jan 2021 IPO Date |
Navitas Semiconductor Corporation, established in 2013 and headquartered in Torrance, California, specializes in the innovation and commercialization of semiconductors based on gallium nitride (GaN), silicon carbide (SiC), and integrated control technologies. The organization focuses on producing power integrated circuits that are crucial for power conversion and charging applications across a variety of sectors including mobile, consumer electronics, data centers, solar installations, electric vehicles, industrial motor drives, the smart grid, and transportation. Operating on a global scale, Navitas has marked its presence in the United States, Europe, China, the rest of Asia, and numerous other international markets, aligning its mission with the evolving demands of efficient energy utilization and the sustainable electrification of the economy.