Navitas Semiconductor

Sources - 31

Every claim above cites one of these, or states the reasoning that derived it. The quote is frozen at the date it was read: a link can rot, and an agent fetch returns a reading of a page rather than the page. Backs counts the whole claim ledger, so it can name a claim this page does not surface.

1. S01primarycompany filing2026-02-27
   Navitas Semiconductor Form 10-K, fiscal year ended December 31, 2025
   Item 1 business, the Navitas 2.0 pivot, fabless manufacturing (TSMC, Powerchip, GlobalFoundries for GaN; X-Fab for SiC), the competition section naming eleven rivals, 190 employees, TSMC's exit from GaN in July 2027, distributor dependence, the 2024 termination of Distributor A and its $7.5M bad debt, FY2025 revenue of $45.9M against $83.3M
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2. S02primarycompany release2026-07-27
   Q2 2026 results release (8-K Exhibit 99.1)
   Q2 2026 revenue, GAAP and non-GAAP gross margin and operating loss with the reconciliation, the $203.1M earnout charge, $557.4M of cash, the Q3 2026 guide, the claim that AI infrastructure will pass a third of sales by year end

   Third quarter 2026 net revenues are expected to increase to $13.5 million, plus or minus $0.5 million, which at the midpoint represents 28% sequential growth and would mark a return to year-over-year growth.

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3. S03primarycompany filing2026-07-27
   Navitas Semiconductor Form 10-Q, quarter ended June 30, 2026
   customer concentration (Distributor A 71% of Q2 revenue), revenue by region and by end-customer country, the two at-the-market programmes ($125.0M and $255.8M gross), the earnout settlement and $229.9M of shares issued for it, shares outstanding (261,093,488 at July 24, 2026; 230,525,464 at December 31, 2025), cash flows, the prepaid wafer build, the Wolfspeed and Renesas suits, the Magnachip partnership and its related-party status
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4. S04primarytranscript2026-07-27
   Q2 2026 earnings call transcript

   data/cache/transcripts/NVTS-2026Q2.json (FMP earning-call-transcript, quarter label 2026Q2, call held 2026-07-27)
   the four 800-volt inflection points and their dates, AI infrastructure growing over 50% a quarter, the $21.89 average price of the Q2 share sales, the TSMC buffer prepayment, the answer on committed 2027 demand, the Kyber question, the Wolfspeed and Renesas answer, pricing, and five analysts' questions (Needham, Rosenblatt, Morgan Stanley, Baird, Craig-Hallum)

   We are breaking out what percent is committed in 2027 or what percent relates to our backlog.

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5. S05primarycompany release2026-08-25
   Claros acquisition release (8-K Exhibit 99.1)
   deal value, consideration mix, the $12.97 reference price, the $28.9M of performance share awards, the claimed $8 billion 2030 SAM ($3.5B GaN and HV SiC, about $1B JFET, at least $3.5B VPD and IVR), the 2028/2029 contribution timing

   Navitas will acquire Claros in a transaction valued up to approximately $232.8 million, comprised of approximately $216.0 million to be paid at closing in a combination of cash and shares of the Company’s Class A common stock

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6. S06primarycompany filing2026-09-08
   Form S-4 registering the Claros merger shares
   6,912,729 closing shares and up to 1,289,869 earnout shares issuable to Claros holders
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7. S07primarycompany release2026-02-24
   Q4 and full year 2025 results release (8-K Exhibit 99.1)
   the $3.5 billion 2030 SAM, Q4 2025 revenue of $7.3M, the November 2025 private placement ($95.6M net), the GlobalFoundries partnership, the Q1 2026 guide, WT Microelectronics and Avnet as consolidated distributors

   First quarter 2026 net revenues are expected to increase to between $8.0 million and $8.5 million.

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8. S08primarycompany filing2026-09-21
   Magnachip share purchase 8-K (Item 1.01) and Exhibit 10.1
   Navitas buying 1,461,988 Magnachip shares at $3.42, about $5.0M
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9. S09primarycompany filing2026-08-26
   Form 4 filings for Navitas insiders, November 2025 to September 2026 (read through scripts/insider_fetch.py)
   25 open-market sales of 7,925,392 shares, 20 of them (7,708,814 shares) with no Rule 10b5-1 flag; no open-market purchases; director Ranbir Singh's 3,060,118 shares at $29.29 and 664,058 at $28.72 on 27-28 May 2026
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10. S10primaryindustry data2025-10-13
    NVIDIA Technical Blog - Building the 800 VDC Ecosystem for Efficient, Scalable AI Factories NVIDIA
    the fourteen silicon suppliers NVIDIA lists for its 800-volt architecture, and the Kyber rack's 64:1 converter stepping 800 VDC to 12 VDC beside the GPU

    The NVIDIA Kyber rack architecture uses a 64:1 LLC converter to step 800 VDC down to 12 VDC adjacent to the GPU ... Silicon providers : AOS, Analog Devices, Efficient Power Conversion, Infineon Technologies, Innoscience, MPS, Navitas, onsemi, Power Integrations, Renesas, Richtek, ROHM, STMicroelectronics, Texas Instruments.

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11. S11primaryindustry data2025-05-20
    NVIDIA Technical Blog - NVIDIA 800 VDC Architecture Will Power the Next Generation of AI Factories NVIDIA
    the 2027 timetable for 800 VDC, the 13.8 kV to 800 VDC conversion at the perimeter, 45% less copper than 415 VAC

    Full-scale production of 800 VDC data centers will coincide with NVIDIA Kyber rack-scale systems in 2027, ensuring seamless scalability for increasingly demanding AI models.

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12. S12secondaryindustry data2025-10-29
    Yole Group power GaN forecast, 29 October 2025, as reprinted by Semiconductor Today Yole Group
    power GaN device market of $355m in 2024 rising at a 42% CAGR to about $3bn in 2030; telecom and infrastructure GaN above $380m by 2030; first 800-volt rollouts around 2027. yolegroup.com returned HTTP 403 to curl and to an agent fetch, so the text was read from the reprint, which quotes the release

    The power gallium nitride (GaN) device market is rising at a compound annual growth rate (CAGR) of 42% from $355m in 2024 then growing sixfold from now to about $3bn by 2030 ... The aim is to integrate GaN devices into 800V HVDC power systems. These partnerships mark the beginning of large-scale GaN deployment, with Yole Group anticipating first commercial rollouts around 2027. The telecom & infrastructure segments collectively are hence expected to grow at a 53% CAGR to more than $380m in GaN revenues by 2030, making data centers one of the most promising growth pillars of the power GaN market.

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13. S13primaryindustry data2026-09-16
    TrendForce press release - global data center power demand capacity, 16 September 2026 TrendForce
    data-centre power capacity for 2025 and 2026 and the growth expected in 2027, and that operators are planning high-voltage DC architectures

    Global data center power demand capacity reached 122.9 GW in 2025 and is estimated to rise to 161 GW in 2026. In 2027, continued CapEx expansion by CSPs and sustained overall server shipments are expected to keep annual growth in data center power demand capacity above 30%.

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14. S14primarycompany filing2026-02-06
    Power Integrations Form 10-K, fiscal year ended December 31, 2025 Power Integrations
    PowiGaN transistors to 1700 volts, higher-power GaN products aimed at AI data-centre power supplies, the Odyssey vertical-GaN purchase
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15. S15primarycompany filing2026-02-09
    onsemi (ON Semiconductor) Form 10-K, fiscal year ended December 31, 2025 onsemi
    silicon, silicon carbide and GaN designed and made in-house, a portfolio for the complete AI data-centre power tree, vertical GaN, and the January 2025 purchase of Qorvo's silicon carbide JFET business
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16. S16primarycompany filing2026-08-10
    Magnachip Semiconductor Form 10-Q, quarter ended June 30, 2026 Magnachip Semiconductor
    Magnachip's own account of licensing Navitas' SiC technology and porting it to its fab
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17. S17secondaryvendor data2026-09-29
    Research pack, frozen at content/NVTS/research-pack.json

    content/NVTS/research-pack.json
    price, market value and enterprise value, the filed-competitor cohort multiples, the price-move decomposition, daily bars, analyst estimates and ratings, FINRA short interest, the headcount series
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18. S18secondarynews2026-09-28
    Company release on the U.S. Army ALATTIS award, 28 September 2026, as reprinted by The Manila Times
    the award, its sponsor (Army Research Laboratory, JETX) and scope; no value. GlobeNewswire closes the connection without a response, so the reprint was read

    The ALATTIS prototype project will develop, execute, and validate a novel domestic manufacturing process for ultra-high-voltage (≥10 kV) silicon SiC power semiconductor devices through iterative design, fabrication, and testing.

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19. S19primarycompany filing2026-08-20
    Wolfspeed Form 10-K, fiscal year ended June 28, 2026 Wolfspeed
    Wolfspeed's own description of its silicon carbide MOSFETs, diodes and modules
    read, but no claim rests on it
20. S20primarycompany release2026-07-27
    Q2 2026 investor update (8-K Exhibit 99.2)
    the four 800-volt inflection points with dates, AI infrastructure as 80% of the $3.5B SAM, the quarterly non-GAAP gross-margin series (38.7%, 38.7%, 39.0%, 39.5%), the 10 kV award to be announced

    Q4 2026 sales expected to be comprised of roughly one-third AI Infrastructure and an insignificant portion relating to Mobile

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21. S21primarycompany filing2026-09-21
    Magnachip share purchase agreement (8-K Exhibit 10.1)
    the per-share price of $3.42 and 1,461,988 shares
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22. S22primaryindustry data2025-08-13
    TrendForce news - AI, Automotive, and Robotics Drive GaN Market Boom, 13 August 2025 TrendForce
    a second analyst house's power GaN forecast to 2030, independent of Yole's; read through ir_fetch

    According to TrendForce, the GaN power device market is projected to grow from USD 390 million in 2024 to USD 3.51 billion by 2030, representing a compound annual growth rate (CAGR) of 44%.

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23. S23primaryindustry data2024-08-16
    TrendForce news - Global GaN Power Device Market Size Expected to Reach USD 4.376 Billion in 2030, 16 August 2024 TrendForce
    the previous year's TrendForce GaN forecast, 25% higher for 2030 than the next year's, and the non-consumer share of the market in 2023 and 2030; read through ir_fetch

    In 2023, the market size of global GaN power device was around USD 271 million, and it is projected to grow to USD 4.376 billion by 2030 at a compound annual growth rate (CAGR) of 49%. Notably, the proportion of non-consumer applications is expected to increase from 23% in 2023 to 48% by 2030, with automobile, data center, and motor drive being the core application scenarios.

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24. S24secondaryindustry data2025-07-01
    Electronics Weekly - SiC's growth opportunities (Yole Power SiC 2025, Markets and Applications), July 2025 Yole Group
    Yole's SiC device market for 2030, the automotive share of it and its data-centre SiC opportunity; yolegroup.com answered HTTP 202 with no text to ir_fetch, so read from the reprint, which quotes the release

    Despite a slowdown in EV sales which is delaying demand for SiC devices and wafers, Yole reckons the SiC market will have a 20% CAGR 2024-30 to reach $10.3 billion in 2030. Despite the slowdown, the automotive & mobility segment is expected to retain about 70% of SiC demand over the next 5 years. Yole also sees a: $200 million market opportunity for SiC in datacentres.

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25. S25secondaryindustry data2025-12-18
    Semiconductor Today - Power SiC faces overcapacity downturn until 2027-2028 (Yole), 18 December 2025 Yole Group
    Yole's later SiC read: an overcapacity downturn to 2027-2028 and device revenue of nearly $10bn by 2030; read through ir_fetch

    The downturn is expected to persist until 2027-2028. ... After 2027-2028, renewed growth will come from 8-inch production platforms and next-generation trench and superjunction MOSFETs, reckons Yole. Device revenue forecast to reach nearly $10bn by 2030.

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26. S26primaryindustry data2025-11-27
    TrendForce news - GlobalFoundries Moves on GaN: TSMC and Navitas Ties, 27 November 2025 TrendForce
    supplier shares of the 2024 power GaN market from TrendForce's own research; read through ir_fetch

    According to TrendForce, Navitas holds a 16.5% share of the global GaN power device market in 2024, trailing only Innoscience (29.9%) and ahead of EPC (12.4%), Infineon (10.3%), and Power Integrations (9.8%).

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27. S27primarycompany filing2026-03-27
    InnoScience (Suzhou) Technology announcement of annual results for the year ended 31 December 2025 (HKEX 2577) InnoScience
    the GaN share leader's own revenue, data-centre GaN sales, wafer capacity and planned expansion, and its place in NVIDIA's 800-volt supply system; a Hong Kong exchange filing, fetched with ir_fetch's client and read with pdftotext

    During the Reporting Period, the Company realized a sales revenue of RMB63.19 million for GaN chips in the AI and data center fields, representing a year-on-year increase of 50.20% ... By the end of 2025, the Group's wafer production capacity had steadily increased to 20,000 wafers per month ... Expand our production capacity of the 8-inch GaN wafer (from 12,500 wafers per month as of June 30, 2024 to 70,000 wafers per month over the next five years)

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28. S28primaryindustry data2025-11-27
    TrendForce press release - AI to Reshape the Global Technology Landscape in 2026, 27 November 2025 TrendForce
    the rate at which wide-bandgap chips are displacing silicon in data-centre power; read through ir_fetch

    TrendForce predicts that the adoption of SiC and GaN in data center power systems will reach 17% by 2026 and exceed 30% by 2030.

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29. S29primarycompany filing2026-05-11
    Navitas Semiconductor proxy statement (DEF 14A), filed May 11, 2026, for the June 25, 2026 meeting
    executive officers and their biographies, the 2025 summary compensation table, the CEO's employment terms and 2026-2028 revenue PSUs, the annual bonus metrics, the lapsed founder LTIP options, beneficial ownership at the April 28, 2026 record date
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30. S30primarycompany filing2024-03-06
    Navitas Semiconductor Form 10-K, fiscal year ended December 31, 2023
    2022 and 2023 revenue, cost of revenue, R&D and SG&A from the income statement, read against the frozen numbers card
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31. S31primarycompany filing2026-10-06
    Claros closing 8-K and release (Exhibit 99.1)
    closing date 2026-10-06; management's claim that the deal doubles its identified 2030 SAM to over $8B; webinar on 2026-10-20

    closed the transactions contemplated by the previously announced Agreement and Plan of Merger

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