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TORRANCE, Calif. - Navitas Semiconductor (NASDAQ:NVTS), a semiconductor company with a market capitalization of $1.21 billion and strong financial health indicated by a current ratio of 5.61, announced Tuesday a strategic partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC) to begin production and continue development of 200mm gallium nitride (GaN) on silicon technology. According to InvestingPro analysis, the company has demonstrated remarkable momentum with an 83.47% price return over the past six months.
Under the agreement, Navitas’ GaN integrated circuit portfolio will utilize Powerchip’s 200mm manufacturing capabilities at Fab 8B in Zhunan Science Park, Taiwan. The facility has been operational since 2019 and supports various high-volume GaN manufacturing processes. With annual revenue of $74.14 million and minimal debt on its balance sheet, Navitas appears well-positioned to execute this manufacturing expansion. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
Powerchip’s improved 180nm CMOS process offers smaller geometries that can enhance performance, power efficiency, integration, and cost, according to the company.
"200mm GaN-on-silicon production on a 180nm process node enables us to continue innovating higher power density, faster, and more efficient devices while simultaneously improving cost, scale, and manufacturing yields," said Dr. Sid Sundaresan, SVP of WBG Technology Platforms at Navitas.
The partnership will support Navitas’ GaN portfolio with voltage ratings from 100V to 650V, addressing growing demand in 48V infrastructure applications including AI data centers and electric vehicles. Initial device qualification is expected in Q4 2025, with 100V family production starting first at Powerchip in the first half of 2026.
The company plans to transition its 650V devices from existing supplier TSMC to Powerchip over the next 12-24 months.
Navitas has recently announced collaborations in AI data centers, electric vehicles, and solar markets, including work with NVIDIA on GaN and silicon carbide technologies for high-voltage data center architectures.
Martin Chu, President at Powerchip, stated that product qualification is nearly complete, bringing the companies "to the verge of mass production."
This information is based on a press release statement from Navitas Semiconductor. While the company shows strong operational metrics and market performance, InvestingPro analysis suggests the stock is currently trading above its Fair Value, with 12 additional ProTips available to subscribers providing deeper insights into the company’s financial health and market position.
In other recent news, Navitas Semiconductor reported its first-quarter 2025 earnings, which met market expectations. The company posted a loss per share of $0.06 and revenue of $14 million, aligning with analyst projections. Navitas highlighted its strategic focus on gallium nitride (GaN) and silicon carbide (SiC) technologies, which positions it well for future growth. Deutsche Bank downgraded Navitas from Buy to Hold, despite raising the price target to $7.00, following the company’s collaboration with Nvidia. This partnership aims to develop an 800V high-voltage direct current architecture for AI data centers. Meanwhile, Needham reduced its price target for Navitas to $3.00, maintaining a Buy rating, citing concerns over tariff volatility and a postponed solar opportunity. Additionally, Navitas appointed Cristiano Amoruso to its board of directors, aiming to strengthen corporate governance and drive growth in sectors like data centers and electric vehicles. These developments reflect Navitas’ ongoing efforts to navigate market challenges and capitalize on emerging opportunities.
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