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.

Navitas Semiconductor Corporation held its 2026 annual meeting of stockholders on June 25, 2026. Shareholders elected three directors, Brian Long, David Moxam, and Dipender Saluja, whose terms will expire at the 2029 annual meeting because a proposal to declassify the board of directors failed to receive approval. Despite the failure, the declassification proposal received a substantial majority of votes cast. Additionally, stockholders approved an advisory resolution regarding executive compensation and ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. Navitas Semiconductor Corporation is a semiconductor company that develops power semiconductor solutions.

Navitas Semiconductor Corporation issued 3,280,666 shares of Class A common stock on June 15, 2026, to satisfy obligations under a 2021 Business Combination Agreement. This issuance fulfilled the final contingent right of former Legacy Navitas stockholders to receive earnout shares based on stock price targets. Navitas Semiconductor Corporation is a semiconductor company that provides power and GaN technology solutions.

On June 9, 2026, Dr. Ranbir Singh resigned as a member of the board of directors and Chair of the Executive Steering Committee of Navitas Semiconductor Corporation, effective immediately. Navitas Semiconductor Corporation is a semiconductor company that designs and sells power semiconductors.