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Navitas Semiconductor acquires VDD Tech

  • Navitas Semiconductor (NASDAQ:NVTS) said Tuesday it acquired electronic component developer VDD Tech to expand high-power semiconductor capabilities.
  • VDD Tech's proprietary modulation technique enables stable power conversion at MHz+ switching speeds.
  • VDD was founded by Vincent Dessard and later joined by Aimad Saib. Dessard and Saib will serve leading roles in NVTS' advanced R&D teams.
  • "High-speed and high-reliability are critical to accelerate wide-band-gap-semiconductor adoption over legacy silicon-chips," said Dessard, adding that with new high-power products are expect to launch in 2023.

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Comments (11)

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Joey River profile picture
Assets? Sales? Profits? No thank you!
lateralgs profile picture
Excellent development, on the face of it. Would be helpful to know the terms, but it appears those have not yet been disclosed.
@lateralgs This is my largest position in small cap semis. I'm no genius but I can't figure out how NVTS won't be a strong winner. But I'm curious why the general trading public doesn't seem to agree. At least today that is. It's somewhat exhausting having to continuosly average down on it.

Curious if you have any thoughts on that being said or when you might expect to see a proper recognition of this company by an upward movement in share price ? I guess it's probably a couple more years. Hard to find people to shoot holes in this one so why isn't anyone excited about it.... Onward through the fog.
ISTJ Investor profile picture
@NATEtures Domain Reasons for market reception - Small company, very short public record, operating at a loss. Difficult for non-experts to assess vs. competitors. General current lack of enthusiasm for the semi space. Price now too low for some funds to include.

I own a bit, and plan to buy more if price comes down a bit more, but view it as a long term speculative play. Could be 10x, could go under.
lateralgs profile picture
@NATEtures Domain

I think there are lots of reasons why the company’s stock price has performed poorly. At the top of the list is simply the “risk off” macro environment that has ruled overall market momentum for the last few months. Small company growth stocks which are not yet profitable have been broadly sold off. People are worried about lots of things generally, with inflation and economic risks to growth principal among them. Small cap growth is in a deep bear market for now.

Another thing is that there is a lot of competition in this segment. Navitas has won some really good contracts and their products have demonstrated a stellar reliability profile, but it is still very early in any really big move to adoption of GaN tech. There are issues in high power applications which is why I like this VDD acquisition. I think it is potentially more important than it might appear on the surface, if Navitas can really leverage the expertise these guys bring to the table.

Speaking for myself, this is how I have handled the drop. I got in too early. So, earlier, I have sold most of my most expensive shares at prices above the recent range and taken the loss, and will use that loss to offset some gains taken elsewhere. Then, since I still am generally optimistic about the company’s prospects longer term, I have waited well past the 30-day wash sale rules window, and recently added to the position at these significantly lower share prices. This way, I end up with a higher share count than before, at a significantly lower total cost, and I am able to decrease my overall taxes owed by virtue of the loss harvesting. It can be painful emotionally to sell at a loss, but sometimes it makes a lot of sense tactically to do it.

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