Navitas Semiconductor to Buy Claros in $232.8 Million Deal
The power-semiconductor maker said the acquisition completes its grid-to-xPU portfolio and advances its AI-infrastructure strategy under Navitas 2.0.
Navitas Semiconductor Corporation (NVTS) entered a definitive agreement to acquire Claros, Inc. (CMTG) in a mixed transaction valued at up to approximately $232.8 million.
The deal is expected to close before year-end, subject to customary closing conditions, including applicable regulatory approvals.
The proposed acquisition is expected to provide the last step in power delivery to the core, completing a grid-to-xPU high-power portfolio and accelerating Navitas’s AI-infrastructure strategy under the Navitas 2.0 transformation. The company has been reallocating resources from mobile and low-end consumer toward high-power markets, with AI infrastructure accounting for 80% of that target addressable market and expected to be a third or more of quarterly sales by year-end.
“The future of AI depends on delivering thousands of amps to increasingly power-hungry processors with unprecedented speed and precision,” said Chris Allexandre, President and CEO of Navitas. “The ‘power wall’ currently restricts next-gen xPUs in megawatt-scale server racks from achieving the next wave of AI performance. Combining Claros’ VPD and IVR technologies with Navitas’s 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.”
Navitas, a power-semiconductor company in gallium nitride and high-voltage silicon carbide, has been ramping hyperscaler and data-center OEM programs in the second half of 2026 and through 2027, including 800-volt AI data-center designs, and has deepened collaboration with the NVIDIA MGX ecosystem on 800-volt DC rack architectures. The Claros technologies sit at the processor end of that chain, where voltage regulation and point-of-load delivery determine how much compute a rack can sustain.
The move follows a broader industry push to own the full power tree. Analog Devices agreed in May 2026 to acquire Empower Semiconductor for $1.5 billion in cash, citing integrated voltage regulators and silicon capacitors as the missing piece for high-density AI power. In September 2025, onsemi acquired Vcore power technology from Aura Semiconductor to extend its grid-to-core portfolio. Astera Labs bought aiXscale Photonics in October 2025 for photonic scale-up connectivity.
Claros, a commercial-real-estate mortgage REIT, reported a net loss of $255.4 million for the three months ended June 30, 2026, with a provision for the current expected credit loss reserve of $208.8 million in that quarter. Total equity stood at $1.24 billion at June 30, 2026. The company is externally managed by Claros REIT Management LP.
The combined GaN, SiC, VPD, and IVR stack is intended to cover the power path from the grid to the accelerator. Closing is still contingent on regulatory and other customary conditions.