📢 𝗝𝗨𝗦𝗧 𝗜𝗡: Navitas Targets September Shipments of U.S.-Made Gen 5 GaNFast Chips With GlobalFoundries - $Navitas Semiconductor(NVTS.US) $GlobalFoundries(GFS.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗡𝗮𝘃𝗶𝘁𝗮𝘀 targets first 𝗚𝗲𝗻 𝟱 𝗚𝗮𝗡𝗙𝗮𝘀𝘁 wafer shipments in September.

➤ Production uses 𝗚𝗹𝗼𝗯𝗮𝗹𝗙𝗼𝘂𝗻𝗱𝗿𝗶𝗲𝘀' 𝟮𝟬𝟬𝗺𝗺 Vermont GaN-on-silicon facility.

➤ Initial portfolio includes 𝟲𝟱𝟬-𝘃𝗼𝗹𝘁 GaN power FETs.

➤ Products span 𝗥𝗗𝗦(𝗢𝗡) values from 𝟭𝟭𝗺Ω to 𝟭𝟱𝟬𝗺Ω.

➤ Internal samples are scheduled for 𝗢𝗰𝘁𝗼𝗯𝗲𝗿.

➤ Strategic customer samples are targeted before 𝟮𝟬𝟮𝟲 year-end.

➤ Gen 5 targets 𝗔𝗜 infrastructure and high-performance computing applications.

➤ Technology also targets industrial electrification and 𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 applications.

➤ Navitas reports over 𝟯𝟬𝟬 issued and pending GaN/SiC patents.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Establishes a 𝗨.𝗦.-𝗱𝗼𝗺𝗲𝘀𝘁𝗶𝗰 manufacturing source for Navitas' advanced GaN technology.

➤ Could strengthen domestic supply resilience for critical 𝗔𝗜 power infrastructure.

➤ 𝗚𝗮𝗡 power chips can enable efficient power conversion in compute systems.

➤ September shipments mark a key step toward broader 𝗚𝗲𝗻 𝟱 commercialization.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗖𝗵𝗿𝗶𝘀 𝗔𝗹𝗹𝗲𝘅𝗮𝗻𝗱𝗿𝗲, President and CEO of Navitas:

"Together with GlobalFoundries, we have established a trusted US-domestic manufacturing source for our GaNFast Gen 5 and future generations, which will play a critical role in powering AI infrastructure and high-performance computing while strengthening the resilience of the U.S. semiconductor ecosystem"

𝗞𝗮𝗻𝗻𝗮𝗻 𝗦𝗼𝘂𝗻𝗱𝗮𝗿𝗮𝗽𝗮𝗻𝗱𝗶𝗮𝗻, Senior Vice President of GlobalFoundries' Power Business:

"demonstrates how GF and Navitas are turning advanced GaN innovation into a secure, scalable domestic supply."