² In the fourth quarter of 2021, the Company transitioned from an annual cash bonus plan to a stock-settled bonus, which resulted in a $2.0 million reduction of non-GAAP operating expenses as compared to GAAP operating expenses for the three months and year ended December 31, 2021.

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Navitas Semiconductor

Navitas Semiconductor, industry-leader in gallium nitride (GaN) power ICs.