Transphorm, Inc. (NASDAQ:TGAN) Q4 2023 Earnings Call Transcript

Primit Parikh: Sure. So we are seeing, I think, what we believe to be the kind of the tail end of the investor — the inventory adjustment with some of our customers, including one of our partner customers in China. On the other hand, we are also seeing an increase of mix of customer, which is very positive. So we are seeing a healthy diversification of power products customer, especially in Greater China that — with China and then large customer design-ins in Taiwan. So we are seeing a shift towards a more diverse mix and then we are working through the inventory adjustments of especially of one or two of our customer.

Richard Shannon: Okay. Thanks. And just one last one real quick. If you look across [automotive] (ph) platform that we’re moving towards that 800 volt system where that — where your 1,200 volt GaN device would work very well. Do you think there is — we’ll see a chance that we would that these automotive platforms could move beyond that 800 volts where silicon carbide would be the only alternative or do you think there’s a physical threshold where 800 is kind of where we’ll see that end up.

Primit Parikh: Right now what you’re seeing is a shift, first of all, from 400 volts to 800 volts. Right? So today, if you look at it, still majority of the systems are at are at 400 volts a lot of the new design-ins that are happening are moving to 800 volts. The sum talks about how it could potentially increase again in the future. But as of now what we are seeing is, first, next, it’s a move from 400 to 800 volts. Also it’s not to say that GaN on Sapphire cannot extend the voltage, right? That’s the beauty about that platform that right now we are focused on 1,200 volts beyond kind of our 650 volt flagship SuperGaN platform. But the GaN on Sapphire platform with the right device design is — there is no kind of a physical limit per se that would limited only to 1,200 volts.

Richard Shannon: Thanks again guys.

Primit Parikh: Thank you.

Operator: Thank you. At this time, I would now like to turn the conference back to Primit Parikh for closing remarks. Sir?

Primit Parikh: So thank you everyone for listening in and the interactive Q&A session. We look forward to executing on the plans we discussed on this call, and capitalize on the exciting momentum we have on the design-in and the customer side to aggressively ramp our GaN business. With that, good day to you all. Thank you.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.