Navitas Semiconductor's revenue will increase significantly in 2023, and its losses will narrow year-on-year

Navitas Semiconductor's total revenue in 2023 will reach US$79.5 million, a year-on-year increase of 109%. The company focuses on introducing SiC and GaN technologies into new energy vehicles, photovoltaic storage and charging, data centers and other fields. In the field of new energy vehicles, Navitas Semiconductor's GaN technology has been adopted by electric vehicle brands such as Zeekr, Volvo and Smart.