Today we’re at the start of the fast-charger market penetration, with 5M GaNFast power ICs shipped with excellent quality & reliability (zero returns). For Xiaomi and Lenovo, the world’s smallest 65W chargers have been released at retail prices 50-75% lower than previous best-in-class silicon chargers. The total market for next-generation fast chargers is US$1B today, with a rapid adoption of GaN, so we have lots of room to grow there.
In parallel with growth in fast chargers, the next major markets are all-in-one PCs (e.g. iMac), TVs, multi-kW server, eMobility and new energy markets. New GaNFast ICs with higher levels of integration – for more functionality and higher power are in development. Intellectual property is paramount with the pace of innovation increasing and Navitas recently announcing we have over 100 patents.