Here are 1-3 brief analogies for Navitas Semiconductor:

• Wolfspeed for Gallium Nitride (GaN) power chips
• Texas Instruments for next-generation power chips
• The Tesla of power semiconductors

• GaNFast Power ICs: Integrated Gallium Nitride (GaN) power ICs that combine power, drive, control, sensing, and protection for high-speed, high-efficiency power conversion in various applications.
• GeneSiC Silicon Carbide (SiC) Devices: High-performance Silicon Carbide (SiC) power semiconductors, including MOSFETs and diodes, designed for high-voltage, high-power, and high-temperature applications.

Navitas Semiconductor (NVTS) primarily sells its gallium nitride (GaN) and silicon carbide (SiC) power semiconductors to other companies. These customers are typically original equipment manufacturers (OEMs) and original design manufacturers (ODMs) that integrate Navitas's advanced power ICs into a wide range of end products across consumer, enterprise, and automotive markets.

Its major customer companies, whose products incorporate Navitas technology, include:

• BYD Company Limited (HKEX: 1211, OTC: BYDDY) - A global leader in electric vehicles and batteries, utilizing Navitas's silicon carbide (SiC) power modules for automotive applications.
• Xpeng Inc. (NYSE: XPEV) - A prominent Chinese electric vehicle manufacturer, known for incorporating Navitas's GaN technology into its onboard chargers.
• Anker Innovations Technology Co., Ltd. (SZSE: 300866) - A leading brand in consumer electronics, particularly known for its fast chargers that extensively use Navitas's GaN power ICs.
• Dell Technologies Inc. (NYSE: DELL) - A major multinational technology company, integrating Navitas's GaN into power adapters for its laptops and potentially other enterprise power solutions.
• Xiaomi Corporation (HKEX: 1810) - One of the world's largest smartphone manufacturers, widely adopting GaN-based fast chargers that often feature Navitas technology.

• Taiwan Semiconductor Manufacturing Company Limited (TSM)
• ASE Technology Holding Co., Ltd. (ASX)
• King Yuan Electronics Co., Ltd. (2444.TW)

Chris Allexandre President & Chief Executive Officer
With over 25 years of experience in the semiconductor industry, Chris Allexandre was appointed President & CEO of Navitas Semiconductor effective September 1, 2025, succeeding co-founder Gene Sheridan. Prior to joining Navitas, he held senior executive roles at Renesas Electronics Corp, including Senior VP & General Manager of its Power Division since October 2023. In this role, he managed Renesas' $2.5 billion power management business and guided its power strategies towards cloud infrastructure, automotive, and industrial markets, notably overseeing Renesas' acquisition and integration of GaN solutions provider Transphorm Inc in June 2024.

Todd Glickman Chief Financial Officer & Treasurer
Todd Glickman brings over 15 years of experience in finance, accounting, corporate development, and fundraising to Navitas, having joined the company in 2015. He was appointed Interim Chief Financial Officer and Treasurer effective October 4, 2024, and now holds the title of Chief Financial Officer & Treasurer. His background includes serving as a venture capitalist at MalibuIQ, where he evaluated early-stage technology investments. Earlier in his career, he worked in Corporate Development at Activision Blizzard, in private equity at Vance Street Capital, and in investment banking at Lehman Brothers, demonstrating a pattern of involvement with private equity-backed entities.

Gene Sheridan Co-Founder, Board Director
Gene Sheridan co-founded Navitas Semiconductor in 2014, and served as its Chief Executive Officer until August 31, 2025, remaining on the board as a director. With over 25 years in power management and semiconductors, he has a strong track record of creating, leading, and scaling businesses. Before Navitas, he was the CEO of BridgeCo, a venture capital-backed semiconductor startup that achieved 80% market share in the wireless audio market and was successfully sold to Standard Microsystems Corporation (SMSC). Prior to BridgeCo, he spent over a decade at International Rectifier (IRF) as VP & General Manager, where he managed a $600M annual revenue business unit and established a $70M/year startup.

David Carroll Senior Vice President Worldwide Sales
David Carroll serves as Navitas Semiconductor's Senior Vice President of Worldwide Sales. He has been instrumental in expanding Navitas' customer base, significantly increasing the company's pipeline to include leading mobile OEMs and solar inverter manufacturers. Carroll emphasizes the growing global demand for efficient and integrated wide band-gap semiconductors and has driven the adoption of Navitas' GaNFast ICs in various products, including Samsung Galaxy smartphones.

Siddarth Sundaresan Senior Vice President, SiC Technology & Operations
Siddarth Sundaresan is the Senior Vice President of SiC Technology & Operations at Navitas Semiconductor, also referred to as Senior Vice President, Technology Platforms. He is a key leader for the GeneSiC product line, providing expertise and detailed insights into the Gen-3 Fast SiC platform.

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Navitas Semiconductor (NVTS) is poised for future revenue growth over the next 2-3 years, driven by its strategic focus on high-growth markets and continuous innovation in gallium nitride (GaN) and silicon carbide (SiC) technologies. Key drivers of this anticipated growth include:

1. Expansion in AI Data Centers: Navitas is actively targeting the artificial intelligence (AI) data center market with its specialized low-voltage GaN technology optimized for 48-volt systems. The company has secured significant design wins and is developing solutions like an 8.5-kilowatt AI power supply, with AI data centers identified as a critical growth area for 2025-2026 and beyond.

2. Growth in Electric Vehicles (EVs): The company's GaNSafe platform has achieved automotive-grade qualification, leading to important design wins with major automakers globally. Navitas has an expanding EV pipeline, with expectations for electric vehicles to become a substantial revenue driver in the 2026-2028 timeframe, fueled by improvements in fast-charging and driving range.

3. Penetration of Renewable Energy and Industrial Electrification Markets: Navitas is expanding its reach into renewable energy sectors, including solar microinverters and energy storage systems, and generally into industrial electrification. The launch of innovative products, such as the industry's first bidirectional GaN IC, is expected to enable high-efficiency applications in these areas, with customer ramp-ups anticipated in late 2025 and 2026.

4. Strategic Pivot to High-Power, Higher-Margin Gallium Nitride (GaN) and Silicon Carbide (SiC) Solutions: Under its "Navitas 2.0" transformation plan, the company is strategically shifting away from lower-margin consumer and mobile businesses, particularly in China, to prioritize high-power, high-growth applications. This pivot is aimed at delivering a more predictable, consistent, and higher-margin business through its advanced GaN and SiC power devices.

Share Issuance

• Navitas Semiconductor secured approximately $100 million in gross proceeds from a private placement of 14,814,813 shares of Class A common stock at $6.75 per share, expected to close around November 2025, with net proceeds intended for working capital and general corporate purposes.
• In Q2 2025, the company raised $100 million in gross proceeds through two at-the-market equity offerings.
• The number of shares outstanding for Navitas Semiconductor increased by 7.68% year-over-year as of November 2025.

Outbound Investments

• In August 2022, Navitas acquired GeneSiC Semiconductor Inc., which expanded its portfolio to include SiC MOSFETs and diodes and extended its reach into electric vehicle (EV) and solar technology markets.
• Navitas also acquired VDDTECH srl in 2022, a developer specializing in high-speed digital isolator technology.
• In 2023, the company bought out the remaining interest in a joint venture with Halo Microelectronics International Corporation, focusing on high-speed, low-voltage silicon system controllers.

Capital Expenditures

• Capital expenditures were approximately -$1.99 million in the last 12 months as of November 2025.
• Historical capital expenditures show an increase from $0 million in 2020 to $7 million in 2024.
• Projected capital expenditures are expected to rise significantly, reaching $20 million by 2029, with a focus on expanding operations, product offerings, and customer base, including a new 8-inch, lower-cost GaN foundry relationship to support the AI data center market.