Navitas Semiconductor Corp reported a definitive agreement to acquire Claros, Inc., a provider of power management solutions focused on vertical power delivery and integrated voltage regulator technology for AI data centers. The market responded immediately: Navitas shares rose roughly 6% in premarket trading Tuesday.
The deal is valued at up to approximately $232.8 million, calculated from Navitas' closing share price of $12.97 on August 21, 2026. At signing, the companies outlined that about $216.0 million will be paid at closing in a mix of cash and Navitas common shares. The balance of the transaction consideration will be issued as shares contingent on Claros meeting specified business milestones during the two years following closing.
Navitas framed the acquisition as a strategic extension of its AI infrastructure offerings - moving beyond grid-level power components toward the xPU by adding Claros' VPD and IVR capabilities. According to the company, those technologies directly power high-current, high-speed processors used in AI systems and are expected to materially increase Navitas' addressable market.
The company said the transaction will more than double its identified 2030 serviceable addressable market to in excess of $8 billion, with at least $3.5 billion of additional SAM attributed to the VPD and IVR markets.
"Combining Claros' VPD and IVR technologies with Navitas' GaN and high-voltage and ultra-high voltage SiC portfolio, we break the AI infrastructure power wall, advancing the entire power chain from grid-to-xPU," commented Chris Allexandre, President and CEO of Navitas.
Management expects the acquisition to broaden Navitas' technical capabilities across digital control, passive integration, leading-edge mixed signal, and advanced 2D/3D packaging. Claros' approach places power conversion beneath or inside the chip package, which the companies say shortens power travel distances from inches to millimeters.
The transaction received unanimous approval from both companies' boards of directors and is anticipated to close before year-end, subject to customary closing conditions and regulatory approvals. Navitas stated that its current path toward profitability remains unchanged.
Context and implications
The acquisition positions Navitas to integrate nearer to the point of power consumption in AI processors by combining Claros' VPD and IVR solutions with Navitas' existing GaN and SiC product lines. The companies emphasize the potential to address a substantially larger market opportunity by 2030 without altering Navitas' stated profitability trajectory.