Navitas Semiconductor designs and sells gallium nitride (GaN) power ICs and silicon carbide (SiC) power devices used in power conversion applications. Navitas operates as a fabless design house, outsourcing wafer fabrication to partners including TSMC, GlobalFoundries, and X-Fab. Navitas has two core product families: GaNFast, which integrates drive, control, and protection into a single chip for faster switching and lower energy loss vs. silicon; and GeneSiC, a line of SiC MOSFETs and diodes covering voltages from 1.2kV to 6.5kV, acquired in 2022. The two technologies are often used together in the same customer system, giving Navitas a full-stack position across the power conversion chain. Navitas is in the middle of a pivot it calls "Navitas 2.0" — exiting mobile and consumer charging (historically its largest revenue source) and refocusing on four high-power markets: AI data centers, energy and grid infrastructure, performance computing, and industrial electrification. Revenue is driven by unit volumes, ASPs, and design wins at OEMs, ODMs, and hyperscalers. High-power market products command higher ASPs and margins than the consumer products Navitas is exiting, as customers in these markets prioritize efficiency and reliability over cost. Navitas sells chips to OEMs and ODMs who build power conversion systems, and also engages directly with hyperscalers who specify component requirements. Once a design win is secured, it typically generates recurring revenue over multiple years of production.