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Navitas Semiconductor announced the appointment of Cristiano Amoruso to the company’s board of directors, effective immediately.
Mr. Amoruso most recently served as Chief Executive Officer of Suniva, Inc., the largest private U.S.-based manufacturer of solar photovoltaic semiconductors, and as a partner at Lion Point Capital, L.P., a global investment firm. He is an accomplished investor with significant operating expertise and a strong track record of value creation in the technology and renewable energy industries across public and private companies.
“We are glad to welcome Cristiano to the board at this pivotal time for Navitas,” said Richard Hendrix, chair of the Navitas board. “Cristiano brings meaningful experience driving growth at semiconductor companies, and we are confident he will contribute to our efforts to capture the multi-billion dollar market opportunity ahead of us. Importantly, Cristiano’s appointment builds on our recent actions to strengthen our corporate governance and accelerate our path to profitability for the benefit of our stockholders.”
Mr. Amoruso commented, “Navitas’ gallium nitride (GaN) and silicon carbide (SiC) products have tremendous untapped potential and are accelerating a paradigm shift across the entire technology hardware industry, especially in power intensive applications like datacenters, solar power plants and electric vehicles. I am excited to join the Navitas board and look forward to working with management and my fellow directors to create long-term value.”
In connection with his appointment to the board, Mr. Amoruso will stand for election as an independent Class I director at the company’s 2025 annual stockholders’ meeting along with Gene Sheridan and Ranbir Singh. Additional details will be provided in Navitas’ definitive proxy statement for the meeting to be filed with the U.S. Securities and Exchange Commission (SEC).
Original – Navitas Semiconductor
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Nexperia announced its financial results for the fiscal year 2024. Amid persistent macroeconomic uncertainty and cyclical market softness, the company demonstrated resilience, achieving stable revenues and maintaining profitability through a strong focus on execution and a commitment to innovation.
Nexperia closed the 2024 financial year with a total revenue of $2.06 billion. The market share, in defined markets, increased to 9.7%, up from 8.9% in 2023. For the coming year, the company maintains a positive outlook, supported by improving gross margin and cash flow. These positive trends, already evident in Q4 2024 and continuing into Q1 2025, reflect early signs of recovery and renewed operational momentum, with Net Income surpassing Q1’24 by +$32 million.
During the reporting year, Nexperia celebrated key milestones that underscored its commitment to technological innovation and long-term growth. Most notably, the company marked the 100th anniversary of its Hamburg site in Germany – a historic hub of engineering excellence. In recognition of this legacy, Nexperia made substantial investments in next-generation manufacturing capabilities, specifically in Silicon Carbide (SiC) and Gallium Nitride (GaN) technologies.
As part of its long-term strategy, Nexperia also continues to increase its R&D spending, which grew by 6.2% in 2024. This underscores the company’s focus on advancing high-performance semiconductors for automotive, industrial, and energy-efficient applications. This investment supports innovation in wide-bandgap technologies such as SiC and GaN, as well as upgrading and expanding our product portfolio in Power Discretes, Modules, Analog & Power ICs.
2024 was also a year of transition and transformation. Strategic changes included the realignment of business groups to sharpen focus on innovation and value creation, as well as the addition of new executive leadership to guide the next phase of development.
Nexperia’s guidance for the next year acknowledges that the market will continue to present challenges, but the company expects to maintain financial momentum, amplified by ongoing improvements in operational efficiency and a strong position in the automotive sector. Given the essential role of semiconductors in the global megatrends of electrification, digitalization, automation, and green energy transition, Nexperia is well-positioned to capitalize on long-term demand. For example in AI – the demand for semiconductors in AI servers is surging, driven by the exponential growth of artificial intelligence applications across industries. Nexperia sees opportunities in servers, smartphones, computers and industrial automation.
“We anticipate that shifts in global demand, particularly in the electronics and automotive sectors, will have a greater impact than any direct regulatory measures”, said Stefan Tilger, CFO of Nexperia. “As customers reevaluate their production strategies, a flexible response will be essential. While trade dynamics and pricing pressure continue to influence the industry, Nexperia benefits from a robust global infrastructure and experienced teams that consistently deliver with reliability, agility, and a focus on innovation. Being externally debt free further strengthens our resilience and ability to invest strategically.”
“At Nexperia, we are proud to play an essential role in enabling a more sustainable future,” said Zhang Xuezheng (Wing), Chairman and CEO of Nexperia. “Our technology powers the systems that drive energy efficiency, electrification, and smarter infrastructure across industries. As global demand for sustainable solutions continues to grow, our business is uniquely positioned to deliver the innovation, scale, and reliability needed to support this transformation. We are encouraged by recent positive developments and remain focused on long-term value creation.”
Nexperia is also committed toward its sustainability goals, ensuring responsible business practices remain central to its strategy. The company aims to be carbon neutral for Scope 1 and 2 emissions by 2035.
Original – Nexperia
