Navitas SPAC Presentation Deck

GaN: An Expansive Market Opportunity Application Power 1 MW+ 100kW 10kW 1kW 100W 10W GaN (Lateral) Si (Vertical) Low-Voltage DC/DC Converters O Navitas Semiconductor 2021 30V EV On-board Chargers & DC/DC Converters EV Inverters $13.1B+ Market Opportunity(1) (1) Server Power Mobile Wireless Power 100V Solar Microinverters LED Lighting 5G Base Station Laptop Adapters Smart Home 300V TV, Game System All-in-One PC 5G Pico Cell Solar String Inverters Smartphone, Tablet Chargers t st 师 Wind Turbines Utility Traction Industrial Motors, Welders, UPS Sic (Vertical) 1,200V 600V Device Voltage (V) We Believe GaN ICs Will Displace A Significant Portion of the Legacy Silicon-Based Power Semi Market From 80V To 1,000V And From 10W To Up To 100KW GaN's wide band gap allows power applications with voltages between 80V 1,000V to use smaller, more efficient chips, reducing costs I and carbon emissions - Navitas SIC, with higher thermal conductivity, is best suited for the highest power applications that require large heat dissipation >3,000V GaN IC potential market based on voltage rating of 80V - 1,000V derived from Yole Développement. Status of the Power Electronic Industry 2020. Reflects estimated GaN market opportunity for power semiconductors by 2026. 17

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