Navitas acquires Claros to 'break the power wall'
Navitas Semiconductor has announced it will acquire Claros, a power management company developing vertical power delivery (VPD) and integrated voltage regulator (IVR) technology for AI data centres.
The transaction valued at around $232.8m, based on the per share closing price of Navitas’ stock on August 21, 2026.
The acquisition extends Navitas' AI infrastructure portfolio from the grid to the xPU by bringing VPD and IVR capabilities that can directly power the high-current, high-speed processors at the heart of modern AI systems.
Power delivery rather than computing is today's AI bottleneck. 800V high-voltage direct current (HVDC) architectures enable accelerated replacement of silicon by GaN and SiC technologies. However, on the last step, traditional voltage regulator modules (VRMs) push power sideways across the board, and as xPUs demand thousands of amps and near-instant response times, this lateral approach hits what Navitas refers to as a 'power wall'.
Through the combination of Navitas and Claros, the company expects to break through that wall all the way from grid-to-xPU.
Claros’ VPD and IVR technologies stack power conversion, drive, control, and passives into a single, compact package. By placing this solution directly beneath or inside the chip package or printed circuit board, power travels only millimetres instead of inches. The result is ultra-fast transient response, dramatically lower impedance, higher efficiency at sub-volt levels, and the power density required for the next generation of AI compute.
"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 and CEO of Claros, commented, “Since we launched Claros in 2024, we’ve moved to rapidly redefine the AI data centre 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 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.”
The acquisition, when completed, is expected to more than double Navitas’ identified 2030 serviceable addressable market (SAM) to over $8b, adding at least $3.5b from the rapidly growing VPD and IVR markets. Combined with Navitas’ existing $3.5b SAM for GaN and HV/UHV SiC and approximately $1b from new jJFET technology, the acquisition is expected to significantly expand Navitas’ opportunity across the complete grid-to-xPU power chain.
Navitas says its current short-to mid-term financial model and strategy, remain unchanged. Claros’ VPD and IVR technologies provide an additional growth accelerator from 2028/2029 onward alongside Navitas’ strong organic 800V HVDC GaN and SiC growth in AI infrastructure.
