Recent Updates — NVTS
Navitas Semiconductor closed its previously announced acquisition of Claros, Inc., a developer of integrated voltage regulator (IVR) technology for next-generation AI data centers. The transaction extends Navitas' AI infrastructure portfolio from the grid to the xPU, adding IVR capabilities that enable vertical and embedded power delivery architectures. This move is part of the company's 'Navitas 2.0' transformation strategy aimed at breaking the AI infrastructure power wall by addressing efficiency and density bottlenecks in megawatt-scale server racks. Navitas expects the acquisition to more than double its identified 2030 serviceable addressable market (SAM) to over $8 billion, adding at least $3.5 billion from VPD and IVR markets. The company operates in the power semiconductor industry, providing GaN, SiC, and IVR technologies for AI infrastructure and other high-performance computing applications.
Navitas Semiconductor Corporation entered into a Stock Purchase Agreement with Magnachip Semiconductor Corporation on September 18, 2026. Under the agreement, Navitas agreed to purchase 1,461,988 shares of Magnachip’s common stock at $3.42 per share for an aggregate consideration of $5,000,000. The transaction is expected to close on or about September 24, 2026, subject to customary conditions. Magnachip has agreed to file a Form S-3 registration statement within 30 days following closing to allow Navitas to resell the shares. This strategic investment involves Navitas Semiconductor Corporation, which designs and manufactures wide-bandgap power semiconductors.
Navitas Semiconductor Corporation entered into a Stock Purchase Agreement with Magnachip Semiconductor Corporation to acquire 1,461,988 shares of Magnachip common stock at $3.42 per share for an aggregate purchase price of $5,000,000. The transaction is expected to close on or about September 24, 2026, subject to customary conditions. Navitas operates in the semiconductor industry, designing and manufacturing wide-bandgap power semiconductors.
Navitas Semiconductor Corporation entered into a definitive Agreement and Plan of Merger to acquire Claros, Inc., a power management solutions company specializing in vertical power delivery (VPD) and integrated voltage regulator (IVR) technology for AI data centers. The transaction is valued at approximately $232.8 million, comprising roughly $126.4 million in cash and 6.9 million shares of Navitas Class A common stock payable at closing, with an additional earnout of up to 1.28 million shares based on business milestones over two years. Performance stock units valued at approximately $28.9 million will also be issued to continuing Claros employees. The acquisition aims to complete Navitas' grid-to-xPU power portfolio and double its 2030 serviceable addressable market to over $8 billion. Closing is anticipated before December 31, 2026, subject to regulatory approvals including Hart-Scott-Rodino clearance. Navitas Semiconductor Corporation operates in the semiconductor industry, designing gallium nitride (GaN) and silicon carbide (SiC) power semiconductors for AI infrastructure and industrial applications.
Navitas Semiconductor reported Q2 2026 revenue of $10.5 million, representing a 22% sequential increase and a shift toward high-power markets like AI infrastructure. The company reported a GAAP net loss of $228.2 million, largely due to a non-cash charge of $203.1 million from earnout liability remeasurement. For Q3 2026, the company guided to mid-point revenue of $13.5 million, which would represent 28% sequential growth. Navitas Semiconductor is a provider of next-generation GaN and SiC power semiconductors for AI data centers and energy infrastructure.
Navitas Semiconductor Corporation issued a press release on July 8, 2026, addressing a patent infringement complaint filed by Wolfspeed. Navitas Semiconductor Corporation operates in the semiconductor industry and provides power semiconductor solutions.