Voya. Be confident to and through retirement.
LIZ: SEMICONDUCTOR MAKERS
WORLDWIDE ARE ACTUALLY MAKING
MAJOR STRIDES IN BEATING THE
ONGOING CHIP SHORTAGE WHICH,
YOU KNOW, THIS YEAR AND LAST
YEAR, DISASTER RIGHT?
THIS MORNING CAR MAKER STELANTIS
AND CHIPMAKER
FOXCONN ANNOUNCED A PARTNERSHIP
AIMED AT DESIGNING AND
DISTRIBUTING NEW SEMICONDUCTORS
FOR THE AUTOMOTIVE INS AND THIRD
PARTY CUSTOMERS, THIS AS THE
SEMICONDUCTOR
ASSOCIATION REPORTS THAT GLOBAL
SEMI SALES ARE POISED TO HIT A
RECORD HIGH THIS YEAR, OF
$553 BILLION, WHILE TRADITIONAL
SEMICONDUCTORS, MICROCHIPS, HAVE
BEEN MADE USING SILICON
MATERIALS,
CHIPMAKER NAVITAS SAYS GALLIUM
NITRIDE IS THE SILICON OF THE
FUTURE, INVESTORS THINK IT
MIGHT BE RIGHT THE STOCK IS UP
41% SINCE IT WENT PUBLIC VIA
SPAC JUST TWO MONTHS AGO.
NAVITAS CO-FOUNDER JEAN
SHERIDAN JOINS US, WHAT DO YOU
MAKE OF THE FOXCONN AND STILANTI
S NEWS?
>> WELL IT IS AN INTERESTING
CHALLENGE AND A BIG DEVELOPMENT.
I THINK THAT IT SPEAKS TO THE
REALLY THE SHORTAGE IS NOT GOING
AWAY ANYTIME QUICKLY AND THAT’S
WHY WE LIKE GALLIUM NITRIDE CAN
YOU CAN PRODUCE FIVE TIMES MORE
CHIPS FROM A SILICON FACTORY
WHEN YOU SWITCH SO THAT REALLY
OPENS THE DOORS TO A SIGNIFICANT
RELAXATION OF A LOT OF THE
SUPPLY CHAIN CHALLENGES FOR
THE INDUSTRY.
LIZ: NOW, SPECIFICALLY, WHAT YOU
GUYS DO INVOLVES THE POWER CHIPS
FOR ITEMS EVERYONE FROM COMPUTER
S TO WE CAN PUT UP YOUR
PARTNERS HERE, YOU MAKE THE
THINGS THAT HELP POWER
ELECTRONICS, CORRECT?
SO IT’S NOT NECESSARILY A
TRADITIONAL CHIP, DOES GALLIUM
NITRIDE WORK FOR THE FUTURE
TRADITIONAL CHIPS OUT THERE?
>> IT ACTUALLY IS ALREADY
POPULAR IN OCTO-ELECTRONICS
WHICH IS DISPLAY TECHNOLOGY AND
ALREADY POPULAR FOR WIRELESS
DATA LIKE 5G BASESTATIONS WE’RE
NOW BRINGING GALLIUM NITRIDE TO
THE BROADER MARKET OF POWER CHIP
S WHICH IS A 20 TO
$30 BILLION MARKET, IT POWERS
EVERYWHERE, WHETHER YOU’RE FAST
CHARGING YOUR PHONE OR POWERING
A DATA CENTER OR GETTING POWER
FROM THE SUN AND SOLAR PANEL SO
IT’S A HUGE MARKET OPPORTUNITY.
LIZ: LET’S TALK ABOUT GALLIUM
NITRIDE OVER SILICON.
WE WERE JOKING EARLIER, GALLIUM
NITRIDE DOESN’T EXACTLY HAVE THE
SAME RING AS SILICON VALLEY
BUT YOU BELIEVE IT REALLY IS
THAT ELEMENT OF THE FUTURE.
TELL US ABOUT IT, AND WHERE DO
YOU SOURCE IT, BECAUSE OUR
RESEARCH SHOWS THAT THE BIGGEST
SOURCING COMES OUT OF CHINA AND
WE KNOW THAT THE BIDEN
ADMINISTRATION HAS JUST SAID,
WE’VE GOT A DIPLOMATIC BOYCOTT
OF THE BEIJING OLYMPICS, AND,
YOU KNOW, THERE’S QUESTIONS AS
TO WHAT HAPPENS NEXT BETWEEN
THE , WHETHER IT’S THE
INTERNATIONAL TRADE
RELATIONS OR JUST DIPLOMATIC
RELATIONS BETWEEN THE TWO
COUNTRIES.
>> IT’S A PRETTY FASCINATING
STORY.
GALLIUM IS ACTUALLY A NATURALLY-
PRODUCED BY-PRODUCT
WHEN YOU MAKE OTHER METALS LIKE
ALUMINUM SO IT’S ACTUALLY
PRODUCED ALL AROUND THE WORLD
ANYBODY MAKING METAL NOT JUST
CHINA IT’S ALL OVER THE PLACE
AND FOR DECADES NOBODY HAD A
PURPOSE AND IT WAS ONLY MAYBE
TWO DECADES AGO PEOPLE REALIZED
THAT GALLIUM MATERIAL, SO LOW
COSTA VAIL ABILITY CAN BE
COMBINED WITH NITROGEN IN THE
AIR THAT WE BREATHE AND WHEN
YOU PUT THESE TWO THINGS
TOGETHER, IT FORMS A REALLY
POWERFUL BOND, 10 TIMES MORE
POWERFUL THAN THE SILICON CHIP.
TWO TIMES FASTER ELECTRON
MOBILITY, ALL OF THAT MEANS WE
CAN MAKE A REALLY POWERFUL CHIP
IN A TINY SIZE, VERY FAST, VERY
EFFICIENT, VERY SMALL.
SMALL AND WHEN YOU REALIZE THE
WHOLE WORLD IS MOVING FROM
FOSSIL FUELS TO ELECTRICAL
ENERGY, CHIPS CAN MAKE
ELECTRICAL ENERGY FASTER AND
MORE EFFICIENT, CHEAPER, MORE
RELIABLE AND LOWER COST.
A LOT OF GOOD THINGS COME FROM
THIS MATERIAL THAT’S AROUND THE
WORLD THAT HAD NO PURPOSE
FOR DECADES AND NOW ITS GOT A
VERY BIG PURPOSE AND A VERY BIG
FUTURE.
LIZ: WELL I WOULD IMAGINE YOU’RE
STRIKING PARTNERSHIPS RIGHT AND
LEFT BECAUSE CHIP COMPANIES ARE
ALWAYS LOOKING TO LOWER THEIR
COSTS AND INCREASE THEIR MARGINS
TELL ME ABOUT THE OPPORTUNITIES
YOU SEE OUT THERE BEYOND THE
SPACES THAT YOU’RE ALREADY
IN.
>> IT REALLY IS VAST, BECAUSE
AS THEY SAY EVERYTHING NEEDS
POWER.
IF YOU LOOK AT THE POWER GRID
AROUND THE WORLD, IT’S ACTUALLY
DELIVERING HIGH VOLTAGE AC POWER
THAT’S THE OPPOSITE FORM OF WHAT
ALL ELECTRONICS NEED.
THEY NEED LOW VOLTAGE DC, SO THE
GRID IS ACTUALLY UNUSABLE IN
ITS CURRENT FORM.
WE CONVERT THAT FROM HIGH
VOLTAGE AC TO LOW VOLTAGE DC.
EVERYBODY NEEDS IT WHETHER IT’S
FAST CHARGING YOUR PHONE, POWER
ING A DATA CENTER OR FAST
CHARGING YOUR ELECTRIC VEHICLE,
OR EVEN CONVERTING SOLAR POWER
FROM LOW VOLTAGE DC PANELS BACK
TO HIGH VOLTAGE AC TO POWER YOUR
HOME OR CAR SO IT IS REALLY
BROAD AND VAST AND THAT’S PART
OF OUR CHALLENGE, WE CHOSE TO
FOCUS ON MOBILE CHARGING FIRST.
THAT MARKETS TAKING OFF VERY
VERY QUICKLY, FUELING ALL
OF OUR SHORT-TERM GROWTH, BUT WE
CREATED THE IPO TO CREATE
CAPITAL TO EXPAND THE TECHNOLOGY
INTO THESE BIGGER MARKETS, THESE
HIGHER POWER MARKET SO WE’RE
GOING AFTER DATA CENTER, SOLAR
RENEWABLE ENERGY AND ELECTRIC
VEHICLES ARE A FEW BUT AFTER
THAT, THERE’S A LONG LIST OF
POSSIBILITIES, BECAUSE EVERYBODY
NEEDS POWER AND WE’RE EVENTUALLY
GOING TO ADDRESS THAT ENTIRE 20
TO $30 BILLION TAM GROWING EVEN
HIGHER AS WE MOVE FROM FOSSIL
FUELS TO ELECTRICAL ENERGY OVER
THE NEXT TWO OR THREE DECADES.
LIZ: IT’S A FASCINATING STORY
DEVELOPMENT, NAVITAS IS THE
STOCK YOUR REVENUE IS IN THE
MOST RECENT EARNINGS REPORT
WERE UP 60% YEAR-OVER-YEAR WE’LL
BE WATCHING IT AND I WANT A KEY
TO THE CITY OF GALLIUM NITRIDE
VALLEY.
THAT MAY HAPPEN.
>> THERE’S SILICON VALLEY WE
WON’T STEAL THAT NAME.
WE’RE ON THE BEACHES OF LA SO SO
WE CALL IT GAN BEACH.
LIZ: RIGHT THERE, OKAY, I’M
THERE.
GET ME