Navitas’ revenue grows 35% in Q2

What happened

Navitas Semiconductor reported Q2 2023 revenue of $18.1M, exceeding guidance and marking a 35% sequential increase, aided by the acquisition of GeneSiC. The strong growth indicates robust demand for its GaN and SiC power semiconductors. Watch: Strong financial performance signals healthy end-market demand, but the impact on spot pricing for discrete components remains indirect and dependent on broader supply chain capacity.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 8/15/2023 · View original source