Navitas shifts focus to AI data centers and infrastructure

Navitas Semiconductor announced a strategic shift to prioritize AI data centers and related energy infrastructure, including new partnerships and product sample timelines.

• Main announcement: Navitas is directing investment and product focus to AI data centers and energy infrastructure, announcing that Nvidia has selected Navitas for next-generation 800-volt data centers, naming Powerchip as a new 8-inch GaN foundry partner, and committing to deliver final engineering samples in Q4 (this year) for multiple stages of the 800V data-center power chain.
• Background & specifics: Management reported Q2 revenue of $14.5 million, completed a capital raise with ~$97M net proceeds (described as “nearly $100M”), exited Q2 with $161M cash, provided Q3 revenue guidance of $10M ± $0.5M, and quantified market opportunity estimates including a $2.6 billion/year market opportunity by 2030 for GaN and SiC, plus stage-specific TAMs of $500M (SST/grid), $1.0B (800V→48V converters), and $1.2B (48V→12V converters); Powerchip’s 8-inch wafers (~80% more die per wafer vs 6-inch) are expected to support cost and margin improvements over the next 12–24 months.