Navitas Semiconductor Corporation (NVTS) Tops Q2 EPS by 2c

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Navitas Semiconductor Announces Second Quarter 2022 Financial Results and Acquisition of GeneSiC, an Industry-leading SiC Company

August 15, 2022 4:08 PM EDT

Revenues Increased 58% with important market and regional diversification, while guidance reflects short-term China smartphone softness
20+ significant new wins in mobile chargers, plus accelerating progress in customer development in the solar, EV, data center and industrial marketsGeneSiC acquisition positions Navitas as the only pure-play, next-generation power semiconductor company with broad diversification, synergistic customers and 2-3 year acceleration into strategic EV, solar and energy storage markets

EL SEGUNDO, Calif., Aug. 15, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor Corporation... More