Navitas Semiconductor Corporation · NASDAQ:NVTS
Navitas Semiconductor — Corporate Update (February 2025)
12 slides from Navitas Semiconductor's corporate update, Feb 27, 2025
Slide 1: Corporate Update 2-27-25
Corporate Update 2-27-25 ir@navitassemi.com © Navitas © Navitas Semiconductor, Semiconductor, 2025 2024 11 1 © Navitas Semiconductor 2023
Slide 2: $22B+ GaN & SiC 'Pure-Play' Opportunity
$22B+ GaN & SiC ‘Pure-Play’ Opportunity (1) 10 MW+ SiC (1) Industrial UPS $9.3B Wind Grid 1 MW Commercial EV Charging Commercial Rail Solar 100 kW Application Power GaN / SiC (1) 800 V EV Industrial Power Train Robotics Medical $6.1B Data Centre PSU Factory Industrial Motor Drive Imaging 10 kW 400 E
Slide 3: AI: Navitas Delivers The Power
AI: Navitas Delivers The Power Up to 120 kW per rack • Power roadmap for Hopper-Blackwell-Rubin AI GPUs, up from 30 to 480 kW per rack • Revenue ramp began Q3 2024 End Customer Targets • 40+ design wins in 2024 • New 80-120 V GaN sampling for 48 V converter opportunities • Customer pipeline now $165
Slide 4: AI: Navitas Delivers Innovation & Performance
AI: Navitas Delivers Innovation & Performance • Intelliweave PFC digital control (patented) •Precision current-sharing, ultra-fast dynamic response and minimal phase error •Up to 30% energy savings (PFC): highest efficiency across load range, with 99.3% peak PFC efficiency • Benchmark 8.5 kW, 3-phas
Slide 5: New MV GaNFast expands TAM by $1B+
New MV GaNFast expands TAM by $1B+ • Medium-voltage (MV) GaNFast range • 80-200V for 48V applications, 100s to 1,000s Watts • Sampling now, mass production target Q4’25 • Dual-sourcing arrangement with Infineon Technologies • Reciprocal access (cross-licensing) to GaN patent portfolios without conce
Slide 6: EV: First GaN in EV, Customer Pipeline $900M+
EV: First GaN in EV, Customer Pipeline $900M+ • 400V and 800V battery solutions; GaN + SiC Changan: “World’s first commercial GaN-based OBC” (ramp H1’26) • Up to 3x smaller, 40% lighter, 30% energy savings • First GaN in OBC (Changan, China’s #3 EV automaker) • 40+ wins in 2024, across US, China, Ko
Slide 7: Mobile: GaN Goes Mainstream
Mobile: GaN Goes Mainstream • GaN adoption now 10% globally • Xiaomi, OPPO “30% GaN in 2024” • Samsung expanded GaN from Galaxy S to Galaxy A, +Fold, +Flip) • Three new Tier-1 OEM wins start ramp Q2 ‘25 • 10/10 top OEMs, expanding to Middle East, Africa, Latin America and India. • 180+ wins in 2024,
Slide 8: Solar / Storage: First GaN Micro-inverters
Solar / Storage: First GaN Micro-inverters • 100+ wins in 2024 • GaN for residential micro-inverters • SiC for higher-power, higher-voltage string inverters • SiC for energy storage systems • Majority of top-10 string inverter OEMs engaged or in production • Major US GaN micro-inverter mid ‘25 • Bes
Slide 9: Appliance & Industrial: Growing Pipeline
Appliance & Industrial: Growing Pipeline • Diverse GaN & SiC portfolio for a diverse market • Diverse customers, regions, applications: • 7 / top 10 appliance leaders • Motors, pumps, air-con, heat pumps, compressors, chargers, fans, conveyors, robots, auxiliary supplies… • 28 new customers wins in
Slide 10: Growth & Diversification: >$2.4B Pipeline
Growth & Diversification: >$2.4B Pipeline $2,500 Customer Pipeline ($M) Customer Pipeline Solar / >$2.4B Energy Storage (+91% year/year) $2,000 Mobile / Consumer $200M+, 8% Solar, Energy Storage Appliance / $525M+, 22% $1,500 Industrial Data Center $1,000 EV EV $900M+, 38% $500 Appliance / Industria
Slide 11: Navitas: Growing Faster than the Market
Navitas: Growing Faster than the Market Q4 2024 Financial Summary • 2024 record $83M revenue (Q4’24 $18M) • Cash $87M, no debt • $450M+ (LTV) record design wins in 2024 • GaN shipments +50%, all-time high in 2024 • Good position to scale to long-term growth and profitability “Our leading-edge techno
Slide 12: Discover the latest break-through in power conversion, including semiconductor and system-level innovations expected to
Discover the latest break-through in power conversion, including semiconductor and system-level innovations expected to drive major upgrades in energy efficiency, power density, and to further accelerate the adoption of GaN and SiC to displace legacy silicon. [Learn more and register] Copyright Navi
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