Navitas Semiconductor Announces Second Quarter 2022 Financial Results and Acquisition of GeneSiC, an Industry-leading SiC Company

~Revenues Increased 58% with important market and regional diversification, while guidance reflects short-term China smartphone softness.

~20+ significant new wins in mobile chargers, plus accelerating progress in customer development in the solar, EV, data center and industrial markets.

~GeneSiC acquisition positions Navitas as the only pure-play, next-generation power semiconductor company with broad diversification, synergistic customers and 2-3 year acceleration into strategic EV, solar and energy storage markets.

走過幽谷，一股未賣。