Navitas' potential acquisition of Claros would expand the company's AI infrastructure portfolio from the power grid to the xPU, bringing industry-leading VPD and IVR capabilities that can directly power the high-current, high-speed processors at the core of modern AI systems.

Today's most advanced AI accelerators, including xPUs, GPUs, CPUs, TPUs, NPUs, and others, are hitting a fundamental limit. Computing itself isn't the bottleneck; it's the power supply.

The new 800V high-voltage direct current (HVDC) architecture, which paves the way for the accelerated replacement of silicon with high-power GaN- and SiC-based technologies—the core of Navitas 2.0—has begun to address this problem, enabling higher-density power architectures and racks. However, in the latest step, traditional voltage regulator modules (VRMs) distribute power laterally across the board, and because xPUs demand thousands of amps and near-instantaneous response times, this lateral approach runs into what Navitas calls a "power wall." Bandwidth and computational performance are limited by the constraints of existing power delivery systems.

By combining Navitas and Claros, the company expects to overcome this barrier across the entire power path, from the electrical grid to the xPU. Claros' VPD and IVR technologies integrate power conversion, current control, and passive components into a single compact package. By placing this solution directly under or inside the chip package or printed circuit board, power travels in millimeters instead of inches. The result is ultrafast transient response, dramatically lower impedance, higher efficiency at sub-volt levels, and the power density required for next-generation AI computing.

This technological solution will be highly complementary to Navitas' high and ultra-high voltage GaN and SiC product portfolio, enabling the new 800V HVDC architecture, extending the high-density AI rack architecture from the early stages of power conversion to the core.

“The future of AI depends on delivering thousands of amps to increasingly power-hungry processors with unprecedented speed and accuracy,” said Chris Allexandre, president and CEO of Navitas. “The ‘power barrier’ currently prevents next-generation xPUs in megawatt-scale server racks from achieving the next wave of AI performance. By combining Claros’ VPD and IVR technologies with Navitas’ high- and ultra-high-voltage GaN and SiC product portfolio, we are breaking the power barrier for AI infrastructure, advancing the entire power chain from the network to the xPU.
This acquisition is part of our ‘Navitas 2.0’ transformation and significantly expands our market potential, deepens our collaboration with hyperscalers and AI power platform providers, and reinforces our leadership in AI infrastructure in terms of both capabilities and product solution offerings.” As the demand for AI energy accelerates, we are uniquely positioned to deliver greater value to our customers, while driving long-term sustainable growth.”

Dan Kultran, co-founder and CEO of Claros, commented: “Since launching Claros in 2014, we have been committed to rapidly redefining the power system for AI data centers. Navitas is the ideal partner to deliver a comprehensive portfolio of power solutions from the grid to the xPU, deepen and expand our collaboration with leading xPU and power system customers, and accelerate our next phase of growth. Our companies share a dynamic and highly innovative culture, as well as a commitment to driving revolutionary power technologies in the coming years. I am very excited about the opportunity to join Chris and the Navitas leadership team.”

"Our integrated voltage regulator technology brings power conversion within millimeters of the xPU, reducing board-level distribution losses, decreasing heat generation, and improving power delivery efficiency at the processor level. For AI accelerators and high-performance processors, this close-to-chip approach, along with Claros' proprietary VPD array architecture, can enable higher compute density, lower operating costs, and more efficient deployment of next-generation AI infrastructure.".

Taken together, Claros' VPD and IVR technologies also expand Navitas' technological, engineering, and intellectual property capabilities with deep expertise in digital control, passive integration, advanced 2D/3D encapsulation, and cutting-edge analog mixed-signal and power technologies, while adding standalone digital and control solutions that complement the company's GaN portfolio.

Once completed, the acquisition is expected to more than double Navitas’ identified strategic access market (SAM) for 2030 to over $8 billion, contributing at least $3.5 billion from the rapidly growing VPD and IVR markets. Combined with Navitas’ existing $3.5 billion strategic access market for high-voltage (HV/UHV) GaN and SiC, and approximately $1 billion from new junction field-effect transistor technology, the acquisition is expected to significantly expand Navitas’ opportunities across the entire grid-to-xPU power chain.

Navitas' current financial model and short- and medium-term strategy, within the framework of its "Navitas 2.0" transformation, remain unchanged. Claros' VPD and IVR technologies will provide an additional growth accelerator starting in 2028/2029, alongside Navitas' strong organic growth in 800V HVDC GaN and SiC in AI infrastructure. The company remains committed to its path to profitability and does not anticipate any substantial changes to its previous timeline.