Navitas Semiconductor Corporation has executed a definitive agreement to acquire Claros, Inc., a developer of advanced vertical power delivery (VPD) and integrated voltage regulator (IVR) technologies tailored for artificial intelligence data centers.
The transaction is valued at up to approximately $232.8 million, based on the per-share closing price of Navitas common stock on August 21, 2026.
The acquisition extends Navitas’s AI infrastructure portfolio from the electrical grid straight to the processor core (grid-to-xPU). By adding Claros’s proprietary VPD and IVR capabilities, Navitas gains the direct ability to power high-current, ultra-fast processors that drive modern AI workloads.
Overcoming the Microprocessor “Power Wall”
Modern AI hardware-including GPUs, CPUs, TPUs, NPUs, and specialized accelerators-faces severe physical bottlenecks in power delivery rather than sheer compute capacity.
While the shift toward 800V high-voltage direct current (HVDC) power architectures has helped alleviate rack-level density challenges-a core priority of the Navitas 2.0 corporate strategy-traditional lateral voltage regulator modules (VRMs) still struggle to deliver high currents across circuit boards. As next-generation xPUs demand thousands of amperes with instantaneous transient response times, lateral power routing creates a severe “power wall,” introducing electrical impedance and thermal constraints that limit processor performance.
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The combined product architecture addresses this power wall by packaging power conversion, driver circuits, control loops, and passive components into a single compact footprint positioned directly beneath or inside the chip package. Moving power delivery within millimeters of the silicon reduces distribution impedance, yields ultra-fast transient response times, and optimizes sub-volt energy efficiency for high-density compute environments.
“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’ 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. This acquisition follows our Navitas 2.0 transformation and significantly expands our addressable market, deepens our engagement with hyperscalers and AI power platform providers, as well as strengthens our leadership in AI infrastructure in terms of both capabilities and product solutions offering. As AI power demand accelerates, we are uniquely positioned to deliver greater value for our customers, while driving sustainable long-term growth.”
Dan Kultran, Co-founder & CEO of Claros, commented, “Since we launched Claros in 2024, we’ve moved to rapidly redefine the AI data center power system. Navitas is an ideal partner to enable a complete grid-to-xPU power portfolio, deepen and expand our engagement with leading xPU and power customers, and accelerate our next phase of growth. Our companies share a fast-paced, highly innovative culture and a commitment to advancing breakthrough power technologies for years to come. I am very excited for the opportunity to join Chris and the Navitas leadership team.”
“Our integrated voltage regulator technology brings power conversion millimeters from the xPU, reducing board-level distribution losses, lowering heat generation, and improving the efficiency of processor-level power delivery. For AI accelerators and high-performance processors, this close-to-chip approach, with Claros’ IP in VPD array architecture, can enable higher compute density, lower operating costs, and more efficient deployment of next-generation AI infrastructure.”
Expanding Total Addressable Market (SAM) Beyond $8 Billion
Beyond expanding core product offerings, the acquisition enriches Navitas’s intellectual property portfolio with advanced capabilities in digital power control, passive component integration, 2D/3D advanced packaging, and analog mixed-signal designs. The integration also introduces standalone digital controller products that complement Navitas’s flagship GaNFast™ gallium nitride line.
Upon closing, the transaction is projected to more than double Navitas’s identified 2030 Serviceable Addressable Market (SAM) to over $8 billion:
By unifying grid-level power delivery with ultra-low-voltage core power management, Navitas positions itself to capture expanding capital expenditures across hyperscale data centers, cloud infrastructure providers, and AI hardware developers worldwide.
