Navitas confirms GaN supply unaffected by China's gallium export restrictions

Navitas Semiconductor Corp

China's Ministry of Commerce announced gallium/germanium export restrictions starting August 2023.
Navitas uses GaN-on-Si wafers; its subcontractor has multiple worldwide gallium sources.
Navitas does not use germanium in any product; expects no impact on customer deliveries or business.
Gallium is a natural by-product of aluminum production, available globally.
Management states no adverse effect anticipated from the export controls.

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