Navitas Semiconductor (NVTS) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Navitas Semiconductor Announces Third Quarter 2024 Financial Results • Record sales in GaN mobile fast-charger market • New, low-voltage GaN technology enters 48V Al data center, EV and robotics markets • Strategic partnership with Infineon Technologies enables customer dual sourcing • Streamlined market focus and cost structure improve path to profitability TORRANCE, Calif., Nov. 04, 2024 — Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next- generation power semiconductor company a ...