11 Best Performing Semiconductor Stocks to Buy Now

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2. Navitas Semiconductor Corporation (NASDAQ:NVTS)

Number of Hedge Fund Holders: 11

Year-to-Date Performance as of July 28: 139.12%

Navitas Semiconductor Corporation (NASDAQ:NVTS) is one of the best performing semiconductor stocks to buy now. On July 1, Navitas Semiconductor announced a partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC or Powerchip) to initiate and further develop 200mm GaN-on-silicon production.

This next-phase strategy supports Navitas’ supply chain, drives innovation, and enhances cost efficiency. This then supports the adoption of GaN in applications like AI data centers, EVs, solar energy systems, and home appliances.

Navitas’ GaN IC portfolio is expected to use Powerchip’s 200mm Fab 8B, situated in Zhunan Science Park, Taiwan. This facility has been operational since 2019 and is capable of high-volume manufacturing processes for GaN devices, ranging from micro-LEDs to RF GaN devices. Powerchip’s capabilities include an improved 180nm CMOS process, which offers smaller and more advanced geometries.

Navitas Semiconductor Corporation (NASDAQ:NVTS) designs, develops, and markets power semiconductors internationally.

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