AsianFin -- Navitas Semiconductor shares skyrocketed more than 190% in pre-market trading on the Nasdaq Stock Exchange on Tuesday, fueled by an announcement of a strategic partnership with NVIDIA to develop next-generation 800V electric vehicle (EV) power architectures.

The California-based GaN (gallium nitride) semiconductor innovator revealed that its cutting-edge power technologies will be integrated into NVIDIA’s upcoming high-performance electric vehicle solutions. The collaboration aims to accelerate the adoption of 800V EV platforms, which offer faster charging speeds, improved energy efficiency, and enhanced performance compared to traditional 400V systems.

“Navitas Semiconductor’s GaN technology is a game-changer for the EV industry,” said Gene Sheridan, Navitas CEO. “Partnering with NVIDIA, a pioneer in high-performance computing and artificial intelligence, enables us to redefine power solutions for next-gen electric vehicles.”