Navitas Semiconductor announced the launch of its fifth‑generation GeneSiC™ silicon carbide (SiC) trench‑assisted planar (TAP) MOSFET platform, a 1200 V line that delivers a 35 % improvement in the RDS(on)×QGD figure of merit and a 25 % improvement in the QGD/QGS ratio compared with the previous generation.
The new platform is a key element of Navitas’s “Navitas 2.0” strategy, which moves the company away from the commoditized mobile‑charger market toward high‑margin opportunities in AI data centers, grid infrastructure, and industrial electrification. Navitas’s financials illustrate the scale of this shift: Q3 2025 revenue fell to $10.1 million from $21.7 million in Q3 2024, and Q4 2025 revenue is projected to be around $7 million. The company maintains a strong cash position of more than $150 million and no debt, but it remains unprofitable, reporting a negative EBITDA of $74.26 million for the twelve months ending February 2026.
Investors reacted cautiously, citing a broader technology‑sector sell‑off and concerns about the near‑term revenue decline that accompanies the exit from the mobile‑charger business. Management emphasized the strategic importance of the new platform: Paul Wheeler, VP & GM of Navitas’s SiC business unit, said, “Our customers are redefining the boundaries of power conversion in AI data centers and energy infrastructure, and Navitas is marching along with them in every step of the way.” CEO Chris Allexandre added, “We will accelerate, pivot and double down on those high‑power markets and customers as we move away from consumer and mobile.”
Navitas competes with established players such as Infineon, ON Semiconductor, and STMicroelectronics. By focusing on 650 V+ GaN and 1.2 kV+ SiC products, the company avoids direct competition in the crowded electric‑vehicle market while targeting high‑voltage, high‑efficiency applications that are critical for AI data centers and grid infrastructure. The company’s integrated GaN power ICs and system‑level expertise further differentiate its offerings.
The launch positions Navitas to capture a larger share of high‑growth, high‑margin markets, but the company’s short‑term revenue trajectory will be impacted by the strategic divestiture of its mobile‑charger segment. Long‑term success will hinge on the adoption of the new 1200 V platform in AI data centers and grid applications, where the improved efficiency and power density can deliver significant cost and operational benefits for customers.
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