News: Microelectronics
10 May 2021
Transphorm’s revenue grows 20% in Q1 to record $2.4m, driven by increased GaN adoption
In preliminary results for first-quarter 2021, Transphorm Inc of Goleta, near Santa Barbara, CA, USA — which designs and manufactures JEDEC- and AEC-Q101-qualified 650V and 900V gallium nitride (GaN) field-effect transistors (FETs) for high-voltage power conversion applications — expects revenue of about $2.4m (up 20% on Q4/2020’s $2m), driven by increased adoption of the firm’s GaN power device products in applications ranging from 45W fast chargers/adapters to 1-4kW crypto-mining power supplies, gaming and data-center servers, and higher-power industrial, UPS (uninterruptible power supply) and automotive converter/inverter applications.
“We also achieved a key milestone of shipping more than 1 million GaN devices that address power ranges from 45W to 10kW, which is an industry first,” says president & co-founder Primit Parikh. “The doubling of our volume shipments from the third quarter to the fourth quarter of 2020, and then doubling shipments again sequentially in the first quarter of 2021 demonstrates customers’ growing recognition of the differentiating performance and reliability of Transphorm’s GaN power devices as well as our robust supply-chain capabilities.”
Also, Transphorm expects GAAP operating expenses to rise by about 10% in Q1/2021, from Q4/2020’s $4.5m.
After approval by its board of directors, Transphorm completed the change of its fiscal year-end from 31 December to 31 March as part of preparations for a planned uplist to the Nasdaq Capital Market.
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