Transphorm quarterly revenue grows 14% year-on-year to $5.9m, boosted by Government contract revenue

What happened

Transphorm reported Q1 FY2024 revenue of $5.9 million, a 14.1% year-on-year increase and an 84% sequential jump, largely driven by a $2.9 million recognition from a new government contract under the NSTXL ECLIPSE project for GaN epiwafer manufacturing. The significant quarter-over-quarter growth is attributed to the timing of securing this specific government funding. Watch: The contract revenue provides near-term financial support and signals sustained government demand for GaN, but its impact on broader commercial market pricing and supply remains indirect.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 8/16/2023 · View original source