Los Angeles Times: El Segundo semiconductor maker goes public in billion-dollar deal amid chip shortage

“An El Segundo semiconductor company took its stock public Wednesday”.

“The company is Navitas. Its stock offering created a company with an enterprise value of about $1 billion and brought in $320 million in cash. Navitas will use the cash to expand its core business — selling chips made of gallium nitride to makers of phone and laptop chargers — and move into new markets.”