Navitas Semiconductor Announces That The Co's Revenue Growth Has Been Acknowledged By Deloitte's Technology Fast 500; Co Achieved 571% Growth As GaN And SiC Technology Enabled Efficient, Sustainable Applications And Displaced Legacy Silicon Chips

Benzinga11-22

Navitas Semiconductor (NASDAQ:NVTS) has announced that the company's revenue growth has been acknowledged for the third consecutive year, by Deloitte's Technology Fast 500™. Navitas growth was driven by strong demand for its advanced, high-efficiency, wide-bandgap gallium nitride (GaN) and silicon carbide (SiC) power components, across a growing number of global markets and customers.

Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Based on percentage fiscal year revenue growth from 2020 to 2023, Navitas achieved 571% growth as GaN and SiC technology enabled efficient, sustainable applications and displaced legacy silicon chips.

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