Navitas Semiconductor Corporation announced a long‑term partnership with Cyient Semiconductors Private Limited to co‑develop GaNFast™ and GeneSiC™ power semiconductors for India’s AI data centers, electric‑mobility, performance‑computing, energy‑grid, and industrial‑electrification markets. The collaboration will create GaN‑based system modules, digital and mixed‑signal ICs, and design‑enablement platforms tailored to India’s high‑voltage, high‑power segments, while building a local supply‑chain and manufacturing ecosystem in support of the "Make in India" initiative.
The partnership is a key element of Navitas’ "Navitas 2.0" strategy, which is shifting the company away from lower‑margin consumer and mobile products toward high‑power applications that drive AI and electrification. By partnering with Cyient, Navitas gains access to a design, manufacturing, and supply‑chain network that can accelerate the adoption of GaN technology in India, a market that is expected to grow faster than the global average. The move also positions Navitas to capture early‑stage design wins and broaden its customer base in a region where demand for high‑voltage power solutions is rising sharply.
Navitas reported Q3 2025 revenue of $10.1 million, a 53% year‑over‑year decline from $21.7 million in Q3 2024, and an EPS of –$0.09 versus a consensus estimate of –$0.05. The revenue miss was driven by a sharp contraction in the company’s legacy consumer‑electronics segment, while the high‑power GaN segment remained flat. Management cited a strategic pivot to high‑power markets and the need to invest in new product development as the primary reasons for the revenue decline. Guidance for Q4 2025 projects revenue of $6.75 million to $7.25 million, well below analyst expectations of $10.05 million, reflecting ongoing headwinds in the consumer segment and a cautious outlook for the high‑power market.
"I believe the growth of GaN technology in India will exceed global trends," said Chris Allexandre, President and CEO of Navitas. "Cyient is the perfect partner to help us drive this revolution," he added. Suman Narayan, CEO of Cyient, emphasized the partnership’s role in solving high‑voltage power delivery challenges: "By combining Navitas’ proven GaN technology with Cyient’s design, manufacturing, and supply‑chain strengths, we are creating a self‑sustaining ecosystem that will accelerate the market adoption of GaN in India."
Pre‑market trading showed a 1.48% rise in Navitas’ stock, reflecting investor optimism about the partnership’s potential to unlock new revenue streams in India. Analysts noted that the deal could offset the company’s recent revenue decline by opening a high‑growth market and strengthening its competitive position against rivals such as Wolfspeed and ON Semiconductor.
The partnership strengthens Navitas’ supply‑chain resilience and positions it to benefit from India’s growing demand for AI data‑center and electric‑mobility power solutions. While the company remains unprofitable and faces short‑term revenue pressure, the collaboration signals a long‑term commitment to high‑power markets and a strategic effort to build a localized manufacturing ecosystem that could reduce time‑to‑market for Indian OEMs and design houses. The move also aligns with the Indian government’s push for domestic semiconductor production, potentially providing a competitive advantage as the country seeks to reduce reliance on imported components.
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