Navitas Semiconductor Announces Acquisition of Claros to Expand AI Power Solutions
Shares of Navitas Semiconductor (NASDAQ: NVTS) rose by 1.72% on Tuesday following the announcement that it has agreed to acquire Claros, a provider of energy management solutions for artificial intelligence data centers. The deal is valued at up to $232.8 million, with $216 million paid upfront in cash and stock, and additional payments contingent upon meeting specific business milestones. The acquisition aims to address the growing power demands of advanced AI chips by integrating Claros' compact energy delivery technology closer to processors. This innovation is expected to reduce response times, heat production, and operational costs for data centers while significantly expanding Navitas’ market opportunity beyond $8 billion. The deal is anticipated to close before year-end subject to regulatory approvals.
Tickers: $NVTS
Topics: AI data centers power management semiconductors