Navitas SemiconductorNVTS

Navitas worked with NVIDIA to create a new power delivery board that converts high-voltage electricity into the lower levels needed by AI servers. The board uses gallium nitride, a material that handles heat and power more efficiently than traditional silicon, which is critical as AI data centers require massive amounts of energy in very small spaces.

This is a notable step for Navitas as it tries to move away from low-profit phone chargers and toward the high-growth AI market. Being part of the NVIDIA ecosystem helps prove that Navitas chips can meet the strict technical standards of the world's most powerful computing clusters.

Source: GlobeNewsWire

Navitas closed its acquisition of Claros, a move that adds specialized voltage regulation technology to its lineup. This tech helps manage the final step of delivering power to the core of advanced AI chips, which is a critical challenge as data centers become more power-hungry.

This deal is a key part of the company's shift away from simple phone chargers and toward the high-power AI market. By owning the full chain of power delivery from the electrical grid to the processor, Navitas is trying to make itself a more important partner for the companies building massive AI server clusters.

Source: GlobeNewsWire

Navitas is working with Microchip Technology to create a reference design for 800-volt data center power systems. This blueprint combines Navitas's gallium nitride chips, which handle power more efficiently than traditional silicon, with Microchip's controllers and security features.

This is a key step in the company's shift away from simple phone chargers and toward the high-power needs of AI. By creating a standard design that other manufacturers can easily adopt, Navitas makes it more likely that its chips will be built into the next generation of server racks. While this is a positive sign for its technology, the company still needs to turn these designs into actual sales to offset the revenue it is losing from its older mobile business.

Source: GlobeNewsWire

Navitas won an award from the US Army to develop high-voltage power chips using silicon carbide, a material that handles heat and electricity better than standard silicon. The project focuses on building these parts within the US for use in military systems.

While the company did not share the dollar value of the award, the win is a helpful nod to its technology. Navitas is currently trying to move away from simple phone chargers and toward high-power markets like data centers and industrial equipment. Proving its chips can meet strict military standards supports the idea that its technology is ready for those more demanding roles.

Source: Proactive Investors

On September 19, Navitas agreed to buy about 1.5 million shares of Magnachip Semiconductor for $3.42 per share. The total $5 million investment is expected to close around September 24. Magnachip is a fellow chipmaker that focuses on power solutions, which aligns with the work Navitas does in energy-efficient electronics.

While $5 million is a small amount for a company of this size, the move suggests a closer tie-up between the two firms as Navitas tries to grow its footprint in high-power markets like AI data centers. For now, this is a minor cash outlay that signals a strategic interest rather than a major shift in the business.

Source: 8-K filing

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