Navitas Semiconductor sees solid revenue growth through 2024

Navitas' total revenue for the full year 2024 reached US$83.3 million, a year-on-year increase of 5%. The company's GaN technology revenue grew by more than 50%, reaching a record high. Still, the company made notable inroads into high-growth markets such as data centers, electric vehicles and mobile devices, with design contracts valued at $450 million and its customer channel value growing to $2.4 billion.