17 November 2022
Deloitte ranks Navitas among top 75 fastest-growing firms in North America
Gallium nitride (GaN) power IC and silicon carbide (SiC) technology firm Navitas Semiconductor of Torrance, CA, USA has been ranked 75th on the Deloitte Technology Fast 500 list. Navitas’ high ranking was driven by demand for its high-speed, high-efficiency GaNFast power ICs, which helped the company grow revenue by 2300% between 2018 and 2021.
Now in its 28th year, the Fast 500 ranks the 500 fastest-growing technology, media, telecoms, life sciences, fintech, and energy tech companies in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2018 to 2021. Overall, 2022 Technology Fast 500 companies achieved revenue growth ranging from 241% to 125,138% from 2018 to 2021, with median growth of 611%.
“As the world seeks to address the challenges of climate change and deliver on promises for net-zero emissions there is a critical need for next-gen semiconductors that deliver application benefits of energy savings, small size, light weight, high power and faster charging at a great system cost,” says Navitas’ founder & CEO Gene Sheridan. “With over 65,000,000 GaN units shipped, zero reported GaN field failures, and an industry-first 20-year limited warranty, this next-gen technology is aggressively taking share from legacy silicon,” he adds.
“With the recent addition of the GeneSiC family of advanced, higher-voltage silicon carbide technologies to our existing GaN portfolio we can further accelerate company growth by providing comprehensive, small-form-factor, energy-efficient solutions across mobile, consumer, data-center, electric vehicle (EV), solar, wind, smart grid, and industrial markets,” Sheridan says.