Dj Cfo Glickman Sells 78307 Of Navitas Semiconductor Corp >Nvts

Cyient Semiconductors and US-based Navitas Semiconductor have entered into a long-term strategic partnership to accelerate the adoption of gallium nitride (GaN) power technologies across India’s rapidly expanding AI, mobility, industrial and energy markets, the company said in an exchange filing on Monday, December 8.

In a joint statement, the firms said Navitas, listed on Nasdaq, is a global leader in next-generation GaN and silicon carbide (SiC) power semiconductors, while Cyient Semiconductors is emerging as a key Indian provider of custom ASIC, ASSP and power solutions. The collaboration aims to build an end-to-end GaN design and manufacturing ecosystem in India.

Suman Narayan, CEO of Cyient Semiconductors, described the agreement as a “pivotal step in India’s semiconductor future,” particularly in addressing high-voltage power delivery challenges.

Under the partnership, the companies will jointly co-develop GaN devices, digital and mixed-signal ICs, system modules and design-enablement platforms. These will target high-power applications such as AI data centres, electric mobility, high-performance computing, grid modernisation and industrial electrification.

“By combining Navitas’ proven GaN technology with Cyient Semi’s design, manufacturing and supply-chain strengths, we’re creating a self-sustaining ecosystem that will accelerate the market adoption of GaN. Our goal is to make GaN accessible to every OEM looking to design, build and scale from India,” Narayan said.

A key element of the partnership is the creation of a local manufacturing and supply-chain ecosystem aligned with the government’s Make in India initiative. The companies plan to build products using Navitas’ existing GaNFast™ and GeneSiC™ technologies, alongside India-specific solutions.

Chris Allexandre, President and CEO of Navitas, said India is poised to outpace global GaN growth trajectories, adding that “Cyient Semiconductors is the perfect partner for Navitas to drive this revolution.”

“Together, Navitas and Cyient will power India’s vision of India for India – innovation, by India, for the world,” he said.

The partnership seeks to lower barriers for domestic OEMs by offering locally sourced GaN components, engineering collaboration and technical support, enabling faster development cycles and reducing reliance on foreign procurement.

Earlier in October, Cyient Ltd reported weak Q2 FY26 earnings. Net profit fell 28.8% year-on-year to ₹127.5 crore, while revenue declined 3.7% to ₹1,781 crore. EBIT dropped 36.4% to ₹146.7 crore, with operating margin narrowing sharply to 8.2% from 12.5% a year earlier.

As of 02:12 pm, shares of Cyient Ltd were trading near day’s low of ₹1,130, down nearly 3%.