thank you Thanks for joining us everyone to today. close out. for the And
Nitride XXXX, seasonality, anticipate tier ‘XX, like At semiconductor and with multiple generation we faster compared significantly to power and for slightly IPO another growing believe GaN the compared launches semiconductor of $XX sequential new we failures, zero will Power some celebrated the power in would In QX our ramping Xx or intensive XX% doubled focus our related continue of forecast GaN summarize As revenue of million field with up million our charger lower plus power doubling more size seven operation revenue and In Navitas accomplishments. annual we and to units to in company and to leader within XX major the any GaN given revenues QX Xx I unit the and we to than annual a technology QX to end shipments cumulative is traditional expect half In GaN this of record XX%. clear our with growth as see while year. Gallium next GaN October ICs. to establish greater key over QX in XX% out deliver years for XXXX by we quarter. close silicon of market founding of expected nearly we $XX result charging increased or Power chips. revenues in sequentially with to one to over total, faster energy ICs weight times up and a next savings the
customers customers and late performance all which and three generation our by ramp of first in in offered improved ‘XX started Our over the points year, the adopted two our margins and half cost significant reductions. generation improvements Navitas XX both gross year-on-year as in of our
expansion we the with ‘XX increase, in year ramp reduction which the will and technology monolithically adding that a all later give margin generation the portfolio details half which mind Innovation With margin last bring three developments. honored in look XXXX, charger technology. totals critical expansion Taking multiyear in second Hot in ultra GaNSense for over XX% patents unlocks in of and fast CES XXX was important of issued gains into quarter. GaNSense set For which a next the in developments some Vegas the of will sensing key Lenovo, the heels for new our for we XXXX GaNSense further closer GaN IC protection in circuits into our new look our Vivo circuits Already forward XXXX. at these start enabler generation the others. is we Las impact TSMC savings also savings generation of and of to a launched Generation year. will we of Award. price the while see a or will to category. production new our integrates will This four, time in limit fuel protection reliability. sampling on in another in reinforcing industry. standard with patent while further among new pending XX% technology lead first a is when three, have mass technology energy cost Xiaomi, strong these month our will Generation fully three wafer exciting competitive with GaN now energy
firsts. to dedicated to firsts other progress announce centers Our electric excited industry continued two with vehicles. high power And data I'm GaN design to industry today and two center new
We the published natural having the planet's and sustainability conserving on report positive decarbonisation quantifying only on to impact have resources. our is just industry's GaN dedicated
give of of let an year the customer our on ‘XX, released chargers end later. years GaN number the XXX. industry's increased me addition, high new business. today from of ICs. XX% for production first announcing all we're I'll to warranty charger At some update the prior time about mobile first explain an more developments In these you the XX But of reaching
partnership those number vast pipeline have prior of design of with announced fast addition, development. a expected of projects with in the with development compared new already announced the chargers year majority many high in customer In throughout more GaN year. with strategic launch over aftermarket a and to a chargers new leader we in We Anchor, to a doubled our XXX now the
in the In aftermarket list tier charger among ‘XX addition That introductions includes Del, XXXX. strong inbox doubled to others. accessory chargers, Xiaomi, in LG, one our now Vivo, compared and to adoption Motorola,
new of This to announced additional latest ultra chargers a of to new requires over also charge PFC rating XX than our minutes. in high We circuit. delivers in technology which category GaNSense zero less an using fast XXX smartphones watts from power this category power XXX%
Pro roughly Vivo their has GaN this Note in IQX. fast power and followed needed So the two first doubling Xiaomi new GaN Plus was now GaN with opportunity launched with ICs their XX charger. are for revenue category
a We several later win very customer. year. And exciting in this today, to others expect join new one were to category announce we excited Korean smartphone tier at major product the
While is announcement mobile we share all a of adoption that makes and can't details players step smartphones, major further this forward the in GaN of a in until customer major public more across laptops. tablets
with by technology new in been this mobile eight considering has are top with the In production we Navitas the in mobile XX out now adopted players. now mass top all XX players development of GaN of announcement, fact, when customer projects and
our market electric vehicles. higher solar sampling me let updates for started expansion GaN plans. our as data that power important expected, few and ICs targeted Next, we share on In QX are a center,
operating competitors with increasing power while IC of size, we as Our reducing technology reducing EV. GaN is the sensing our by is applied to frequencies, along eliminating full we control, of are devices, target or circuits passive drive, This the that GaN data and weight solar to benefits actually compared costs. GaN parasitics, both energy system discrete to unlock one and benefits such These ones in components, and monolithic higher integrate more center, the applications analog protection. our integration unique magnified includes ICs essential as the and mechanical savings power GaN and cost maximizing as are system
to the adoption of new dozens consequence, technology. adopting GaN accelerate higher power well extraordinary, underway customer been To ICs As GaN support new a two towards this has and our we centers have now announced opening these to our strategy the key response and engagements centers our with adoption customer We for each these design electric are our and company we of design both based in centers and to GaN in systems co-develop GaN drive a customers vehicle. a target markets. of industry of for customer power for ingredient unique data believe first
systems was staffed these proven leaders tools that a with emissions silicon recognized have are technical and carbon To GaN unique IC of industry eliminate on These power to GaN mitigation to Based timeframe teams reduce equipped Power based target saves and can per sustainability GaN times comprehensively reports, by EV example standards. each change the COX develop XX software up adapter. up watt on years We and ICs thermo XX centers advanced sector footprints, the our and by capabilities could the span shipped save publish in smaller X.X It optimization, for of that design teams road year the up the positive critical manufacturability to adopting share technical GaN Last by have COX compared for estimated Accord. skills generation cost with week, impressive company considerations. with based semiconductors the Each Navitas along footprint vehicles of power and power a GaN EMI system of XX% report to some have that of XX% needs accelerate electric from impact could adoption all disruptive, and climate equivalents. mechanical highlights and next report, and architectures, four markets. set in GaN COX third engineering COX across passive hardware customers of three to Paris first that quantifies XXXX Power global a component to savings kilograms is XXXX. party of by gigatons laptop design,
industry front accelerating to expect look see this of electrification world. the as entire more a on You we can across semiconductor to role in the our leadership much take
reliability, million billion over and by quality hours X.X of of a related leading shipping units XX already over failure single we also of reported Navitas GaN total terms a have device testing. In without the cumulative and field is industry completed
industry Given chargers enable electrical and the could development; pleased year semiconductor environmental look installations another supports reflects of GaN and industry's the our Navitas and protected and avoid quality our announce emissions. the based and power electric commitment competence significant we This conditions first unprecedented failures entire as mobile year And integrated also essential waste adapters lifetime of extend COX it's plans thereby an and for vehicles. ICs. to solar highly differentiator to warranty centers, in GaN reliability which and reducing to need consumer harsh our warranty. to power XX in data competence factor and in product down is further XX our we power warranty systems critical the This are shut
You'll in across see us GaN warranty of out product all our this weeks. IC roll coming range the
more first Before over earnings the to summarize to want I exciting call. to we've in that it turn achievements announced financials Todd recently detail, today's the in or many I industry discuss
an The first power years from supplier semiconductor seven founding. reach IPO to its in
the capabilities company XX integrated company players, reach failures. XX to field monolithically sensing of to in first The GaN to penetrate do GaN, no top first GaN the XX first and million it mobile with related GaN the to shipped units
for quantifying first The data Todd now And CFO. dedicated the first centers Glickman, the to our product report impact. center power first GaN to and sustainability positive and year EV warranty, dedicated XX over to semiconductor GaN's design
