NuAxiSemiconductor trade intelligence
Navitas doubles Q1 revenue year-on-year, boosted by acquisitions
What happened
Navitas Semiconductor reported Q1 2023 revenue of $13.46 million, an 8% sequential increase and nearly double the year-ago figure, boosted by the acquisition of GeneSiC Semiconductor. This growth signals strong market adoption and expanding commercial traction for GaN and SiC power semiconductors. Watch: The significant revenue jump, driven by M&A and organic growth, indicates robust demand but does not directly signal an immediate supply/demand imbalance for trading.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
GaN Power ICSiC Power Device
Navitas SemiconductorGeneSiC Semiconductor Inc
earningsacquisitionrevenue-growth
Source and time
Source: Semiconductor Today · 5/16/2023 · View original source
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