Navitas semiconductor announces first quarter 2024 financial results

Q1 revenue up 73% year-on-year, driven by continued gan adoption in mobile fast chargers and ai-based data centers, and sic sales in ev, solar and industrial applications. new ganslim™ technology expected to advance gan-based systems' integration, ease-of-use, time-to-market, and manufacturability, which enable lower system costs compared to silicon-based solutions.

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