NVIDIA Partnership for AI Data Centers
Navitas announced that NVIDIA has selected them to support next-generation 800-volt data centers. This partnership positions Navitas for growth in AI data centers, which represent a substantial future market opportunity.
Capital Raise
Navitas raised nearly $100 million in new capital during Q2, which will provide additional cash flow to support future growth and investment in AI data centers and associated energy infrastructure.
New GaN Foundry Partner
Navitas announced a partnership with Powerchip, enabling a transition to 8-inch wafer manufacturing, which will increase chip production capacity by nearly 80% compared to the current 6-inch wafers.
Focus on High-End Applications
Navitas is shifting focus to high-end performance applications in the mobile, consumer, and appliance sectors, which is expected to maintain spending discipline and enhance future growth.
Positive Customer Evaluations
Navitas received positive results from initial customer evaluations of their technology, indicating strong potential for future design wins and market acceptance.