Navitas Semiconductor Corp (NASDAQ:NVTS) shares rose in Tuesday premarket trading after the company announced a definitive agreement to acquire Claros, Inc. for up to approximately $232.8 million, expanding its AI data-center power portfolio.
Navitas Expands AI Power Portfolio
The acquisition would add Claros’ vertical power delivery, or VPD, and integrated voltage regulator, or IVR, technologies to Navitas’ GaN and high-voltage silicon carbide portfolio.
Navitas said the combination would extend its AI infrastructure offering across the power chain from the grid to processors, including GPUs, CPUs and other AI accelerators.
The company expects the transaction to more than double its identified 2030 serviceable addressable market to over $8 billion.
