Navitas Semiconductor (NASDAQ: NVTS), an industry leader in gallium nitride (GaN) power ICs, and Avnet Silica, an Avnet company (NASDAQ: AVT), announced close cooperation between the two companies to grow the market in Europe for Navitas’ advanced performance and highly power efficient GaNFast™ power ICs with GaNSense technology.
The two companies will work closely together to deliver their combined complementary knowhow to bring a high level of support and expertise to customers across the EMEA region.
GaN is a next-generation semiconductor technology that is growing in importance because of its ability to offer significantly improved performance over conventional silicon semiconductors, while also reducing the energy and physical space needed to deliver that performance. It runs up to 20 times faster than silicon and can also enable up to three times more power handling or three times faster charging capability, as well as its size advantages, leading to potentially 20% lower system cost for designers, engineers and power system architects.
NVTS opened the week’s last session down five cents, or 1.1%, to $4.35, while AVT gained 54 cents, or 1.2%, to $43.95.
