SCT Transphorm quarterly revenue grows 14% year-on-year to $5.9m, boosted by Government contract revenue

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SCT Transphorm quarterly revenue grows 14% year-on-year to $5.9m, boosted by Government contract revenue

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For its fiscal first-quarter 2024 (to end-June 2023), Transphorm Inc of Goleta, near Santa Barbara, CA, USA — which designs and manufactures JEDEC- and AEC-Q101-qualified gallium nitride (GaN) field-effect transistors (FETs) for high-voltage power conversion — has reported revenue of $5.883m, up 14.1% on $5.16m a year ago, and up 84% on $3.192m last quarter due to the delay in securing a new government contract with the $15m National Security Technology Accelerator (NSTXL) to manufacture GaN epiwafers under the ECLIPSE project, recognizing revenue of $2.9m during the quarter...

Source: https://www.semiconductor-today.com/new ... 0823.shtml
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