Tyler's questions to Navitas Semiconductor Corp (NVTS) leadership • Q3 2024
Question
Tyler, on behalf of Tristan Gerra, asked about the current state of channel inventories for silicon carbide (SiC) and the growth outlook for the SiC market in the upcoming year. He also questioned Navitas's view on higher-voltage GaN encroaching on traditional SiC applications.
Answer
CEO Eugene Sheridan acknowledged that there are pockets of SiC channel inventory being worked through, which is factored into the muted near-term outlook, but stated the trend is improving. He expressed bullishness for a strong growth recovery next year, driven by design wins. Regarding high-voltage GaN, Sheridan said that while it could displace SiC over time, current alternatives have cost and reliability trade-offs, and Navitas is taking its time to develop a commercially and technically competitive solution.