Navitas Semiconductor is acquiring Claros, Inc. for up to $232.8 million to significantly expand its AI data-center power portfolio. This acquisition is expected to more than double Navitas' identified 2030 serviceable addressable market to over $8 billion, positioning it strongly in the rapidly growing AI infrastructure sector.
Navitas Semiconductor announced a definitive agreement to acquire Claros, Inc. for up to $232.8 million, comprising cash and stock. This strategic move integrates Claros' vertical power delivery (VPD) and integrated voltage regulator (IVR) technologies into Navitas' existing GaN and silicon carbide portfolio, extending its AI infrastructure offering from the grid to processors. The acquisition is highly significant as it is projected to more than double Navitas' 2030 serviceable addressable market to over $8 billion, with Claros' technologies alone adding at least $3.5 billion. This positions Navitas as a key player in addressing the increasing power demands of AI processors, offering a long-term growth accelerator from 2028-2029 onward, and potentially leading to revenue acceleration and margin expansion without impacting its profitability timeline. For traders, this represents a strong long-term growth opportunity for NVTS, capitalizing on the booming AI sector.