Navitas Closes Claros Acquisition, Teams With Microchip on 800V AI Rack Design
NVTS sits 55% above its 52-week low of $6.85.
Summary
Navitas closed its $232.8M Claros acquisition on Oct 6, adding integrated voltage regulator (IVR) technology to extend power delivery from grid to processor in AI data centers. The deal was announced in August and now completes, bringing vertical power delivery capability. Separately, Navitas and Microchip unveiled an 800V-to-6V AI rack reference design using Navitas 650V GaNFast FETs, targeting OCP 800V racks with a 20 kW platform and up to 96% peak efficiency. The design will be demoed at Microchip's OCP event Oct 12-15, 2026. This partnership expands Navitas' reach into AI infrastructure power, a high-growth segment.
At the time of this announcement, NVTS was trading at $10.65 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $6.85 to $34.17. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.