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Navitas and GlobalFoundries begin shipping first U.S.-made Gen 5 GaN chips
x/claros
— 1d
Navitas and GlobalFoundries are launching first shipments of U.S.-made Gen 5 GaNFast power devices this September, marking a milestone in strengthening the domestic GaN supply chain for AI infrastructure, high-performance computing, and critical national security. The long-term strategic partnership, formed in November 2025, enables production at GF’s Burlington, Vermont facility on a 200 mm GaN-on-Si platform, building on Navitas’ Gen 5 technology and 300+ GaN/SiC patents.
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Jared Kim
Good to see actual domestic capacity for GaN instead of just announcements. Burlington plant putting real chips out matters more than press releases.
Banks See Mixed Q2 2026 Earnings
Finance
— Jul 21, 2026
United Community Banks posted Q2 2026 adjusted EPS of $0.71 and revenue of $279.3 million, missing consensus estimates, while GAAP EPS rose to $0.95 aided by a $38.5 million pre-tax provision release tied to the Navitas sale. The bank highlighted six consecutive quarters of net interest margin expansion, about $332 million in loan growth, and progress on strategic initiatives including the Navitas portfolio sale and the Peach State Bancshares acquisition, with the stock modestly lower after the report.
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