A Week Ahead and a day late (better than a dollar short and a day late.) After a big week on the Iberian Peninsula for Epistrophy, we’re following up with a big week on the San Francisco Peninsula, where we’ll be at the Oracle (ORCL:NASDAQ) AI Database Analyst Summit at its sprawling campus in Redwood Shores, CA (and, fun fact, the former Marine World/Africa USA).

The Orca shows are long gone, but we’ll get a better sense of the beast of AI databases, Oracle’s Database 23ai. And of course, the week may well highlight moves by activist investor Elliott Investment Management after taking a stake in the foundational electronic design automation giant Synopsys (SNPS:NASDAQ), a company we know well.

You can find prior notes and the full research archive at https://epistrophy.beehiiv.com.

As always, I’m focused on three things:
1) Technology-driven change;
2) the latest in innovation and startup trends, and;
3) stock fraud.

Companies Discussed

In This Note:

1. Companies Discussed

2. Wannabe Chipmakers Old Whine, New Bottles

   1. Navitas announces repackaging of old SiC MOSFET pl …

3. Tweet O’ The Week

4. Epistrophy In The News

5. 📆 of Epistrophy Events

6. Availability This Week

Wannabe Chipmakers Old Whine, New Bottles

Navitas announces repackaging of old SiC MOSFET platform around 1200-V parts

Navitas Semiconductor (NVTS: NASDAQ) — a company with billions in market cap, millions in revenue and zero in profits — saw its stock get a nice big boost going into the big NVDIA GTC conference in March. There were hopes of a big deal with the computing giant. But there was no deal.

But, as is often the case with wannabe-AI-player Navitas there was a press release.

NVIDIA deal hopes were raised following a press release announcing a “new industry benchmark” in silicon-carbide power semiconductors. In reality, the announcement concerns two packaging formats for its existing GeneSiC MOSFET platform, both built on the same trench-assisted planar SiC architecture the company has already been marketing for several product cycles. The improvements cited in the release focus primarily on packaging geometry and internal figures of merit rather than a clearly new transistor structure, wafer process, or manufacturing node. For a company whose revenue base still measures only in the tens of millions of dollars annually, the language of an industry benchmark appears ambitious relative to its scale in the global SiC market.

The specifications themselves are not unusual. Navitas lists two 1200-V devices with on-resistance of 6.5 mΩ and 12 mΩ, figures well within the existing range of competing parts already sold by far larger silicon-carbide suppliers including Wolfspeed (WOLF: NYSE), onsemi (ON: NASDAQ), STMicroelectronics (STM: NYSE), Infineon Technologies (IFNNY: OTC), and Rohm Semiconductor (6963: TSE). Each of those companies already markets extensive 1200-V SiC MOSFET portfolios and has published product announcements describing existing generations of the technology—for example Wolfspeed’s  Gen-4 SiC MOSFET platform, onsemi’s EliteSiC devices, STMicro’s STPOWER SiC MOSFET family, Infineon’s CoolSiC MOSFET lineup, and Rohm’s fourth-generation SiC MOSFETs.

Stripped of marketing language, the Navitas announcement is largely about packaging. One package routes heat through the top of the device rather than the PCB, while the other reduces the height of the long-standing TO-247 through-hole form factor. Both may offer useful mechanical refinements for dense power systems such as server power supplies. But the press release repeatedly invokes AI data centers, grid electrification, and hyperscale computing—markets already dominated by suppliers with vastly larger manufacturing scale and product portfolios. 

Navitas still doesn’t seem to have an chips coming off the assembly line. After loosing production partner Taiwan Semiconductor last year, it’s pivot to Powership fizzled in January 2026 when Micron captured most of Powerships production. Lacking a more solid update, in February Navitias said a future partnership with GlobalFoundries was only in “development.”

Newly named CEO Chris Allexandre, just eight months on the job, is already selling shares (The stock was $5.76 when he joined. He sold at $8.93. Footnotes say it was a tax-related sale.)

Given Navitas’ limited revenue base and modest shipment history in silicon carbide, a skeptical reader might conclude that the press release reflects more narrative alignment with the AI infrastructure boom than a clear technological step forward.

Tweet O’ The Week

Epistrophy In The News

After a fantastic week with both the Nvidia GTC conference in Silicon Valley and the monumental OFC 2026 conference (which we chronicled in “When Elephants Fell In ❤️ With Lasers”), I joined Schwab Network’s Nicole Petallides for a special program examining Nvidia's (NVDA) GTC 2026 conference outline its next phase of growth after a wave of recent technical breakthroughs and partnerships, as we looked at which industries stand to gain from rising capital spending (yeah, optical!)

📆 of Epistrophy Events

Availability This Week

I’ll be down on the Peninsula or in our San Francisco office at the Ferry Building all week and available for TV or calls whenever.

Written reports are available to clients, with video summaries on YouTube, and of course our popular summaries of the summaries on Instagram, TikTok, and YouTube Shorts.