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Navitas Semiconductor’s Market Surge
Shares in Navitas Semiconductor (NASDAQ: NVTS) surged by 15.6% last week, fueled by optimism around the company’s strategic pivot from consumer-oriented markets to high-power segments. The company’s CEO, Chris Allexandre, emphasized this focus during a recent earnings presentation.
Partnership and Future Revenue Outlook
Navitas has partnered with Nvidia to provide Gallium Nitride (GaN) and Silicon Carbide (SiC) chips for the upcoming 800V high-voltage direct current (HVDC) data centers, set to launch in 2027. However, the transition away from less profitable mobile and consumer businesses in China may lead to a decline in revenue from $45.5 million in 2025 to $36 million in 2026.
New Distribution Deal
This week, a significant deal was announced with WT Microelectronics, which will enhance Navitas’s distribution capabilities in Asia, driving customer engagement and logistics improvements. Despite these developments, Wall Street anticipates that Navitas will not achieve profitability for the next few years.
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