News: Microelectronics
9 May 2024
Navitas’ CEO & co-founder Gene Sheridan a finalist in EY’s Entrepreneur Of The Year 2024 Greater Los Angeles Award
Gene Sheridan, CEO & co-founder of gallium nitride (GaN) power IC and silicon carbide (SiC) technology firm Navitas Semiconductor Corp of Torrance, CA, USA, has been named by Ernst & Young LLP (EY US) as an Entrepreneur Of The Year 2024 Greater Los Angeles Award finalist.
Now in its 38th year after being founded in 1986, ‘Entrepreneur Of The Year’ is a competitive business award for “leaders who disrupt markets, revolutionize sectors and have a transformational impact on lives”.
Sheridan was selected as a finalist by an independent panel of judges, and evaluated on the basis of building long-term value through entrepreneurial spirit, purpose, growth and impact, among other core contributions and attributes.
“We are at a pivotal time in our planet’s energy transformation, and this recognition from EY highlights the importance of Navitas’ mission to ‘Electrify Our World’ and exploit a $1.3tr opportunity as we accelerate the transition from fossil fuels to renewable energy,” says Sheridan. “Gallium nitride and silicon carbide power semiconductors enable fast, efficient and sustainable ultra-fast charging and power delivery in AI data centers, advanced EVs, mobile, solar and industrial applications,” he adds. “EY’s recognition is a significant moment, a motivation and recognition for me and all of the contributors who have made Navitas a great company.”
Entrepreneur Of The Year honors many different types of business leaders for their ingenuity, courage and entrepreneurial spirit. The program celebrates original founders who bootstrapped their business from inception or who raised outside capital to grow their company; transformational CEOs who infused innovation into an existing organization to catapult its trajectory; and multi-generational family business leaders who reimagined a legacy business model to fortify it for the future.
Regional award winners are being announced on 13 June during a special celebration at The Beverly Hills Hotel and will become lifetime members of a community of Entrepreneur Of The Year alumni from around the world. The winners will then be considered by the National judges for the Entrepreneur Of The Year National Awards, which will be presented in November at the annual Strategic Growth Forum, a US-wide gathering of high-growth, market-leading companies.
