Navitas Semiconductor, a leading firm in gallium nitride (GaN) and silicon carbide (SiC) technologies, has taken notable steps to bolster its corporate governance, as reported by Semiconductor Today. This initiative aims to drive the company’s growth strategy and enhance shareholder value.

Richard Hendrix, who joined Navitas as an independent director in 2021, has been appointed as the new board chair. With over 30 years of capital markets leadership experience, Hendrix is expected to guide Navitas through its next phase of development as it explores multi-billion-dollar market opportunities.

In an effort to sharpen its strategic focus, Navitas has established an executive steering committee. This new entity will drive initiatives such as expense management, faster product and technology development, and enhancing market strategies. The committee will play a crucial role in appointing key executives to maintain Navitas' edge in the semiconductor industry.

Overall, these changes signal Navitas Semiconductor’s commitment to refining its operations and capturing available market potential, a move sure to impact the semiconductor IP landscape significantly. For more details, read the full article on Semiconductor Today.