Navitas SPAC Presentation Deck

44% of Data Center costs related to power (electricity, power & cooling) • We estimate GaN ICs can reduce electricity use by up to 10% (²) Across all data centers, we estimate this could save >15 TWh or $1.9B in annual electricity costs (1-year ROI of 6x)(¹) ● GaN ICs deliver 2x improvement in power density Smaller footprint for power enables bigger footprint for data processing ● GaN ICs Could Save Data Centers $1.9B/Yr In Electricity(1) Navitas already engaged with top data center suppliers Same power supply customers for mobile / consumer also serve data centers • Over 13Mu servers / year with >$75 GaN content = ~$1B+ / year GaN opportunity (4) Cryptocurrency mining can utilize similar GaN ICs to cut cost of electricity and drive additional market upside Silicon Power Supply ● ● 325 x 107 x 41 mm 2.2 W/Cc O Navitas Semiconductor 2021 DRS-2006-CAN ONCERE CILLAHHH 3,200W ● ● GaN Power Supply(5) 2x higher power density 38% reduction in energy loss 210 x 81 x 43 mm 4.4 W/Cc 18% X Existing Data Center Typical TCO Structure of a Data Center(³) Based on IDC Worldwide Quarterly Server Tracker and Navitas analysis. Navitas measurements based on existing Si-based 3.2kW AC/DC server power supply to a 1 MHz GaN-based 3.2kW AC/DC prototype. 56% 6% Grid Power 20% Grid Power ■ Power Engineering ■ Cooling Equipment ■ Electricity ■ Other Data Center Power Delivery(2) 75% Efficiency Silicon Silicon Silicon AC-48V 48V-12V 12V-1V 95% 97% 88% GaN-Based Data Center (1) Navitas estimate based on a) Navitas server/datacom forecast & AAAS data, b) $0.12/kWhr, c) Si vs. GaN $/W and d) data center loading profile. Navitas estimated based on known existing Si-based solutions to deliver >500A next-generation data processors to Navitas targets for new GaN-based AC/DC and DC/DC for these same next-generation data processors. (3) Schneider Electric. White Paper - Determining Total Cost of Ownership for Data Center and Network Room Infrastructure. (2) (4) (5) 84% Efficiency GanFast™ GanFast™ AC-48V 97% 48V-3V 96% Navitas Data 93% Processing 99% Data Processing 3V-1V 91% 21

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