Navitas Semiconductor (NASDAQ:NVTS) said its completed acquisition of Claros expands its power-semiconductor portfolio to address AI infrastructure from electrical-grid conversion through processor-level power regulation.
During a webinar focused on AI data-center power requirements, President and CEO Chris Allexandre described the transaction as a defining step in the company’s “Navitas 2.0” strategy, which has shifted away from consumer markets toward high-power applications. He said Navitas expects mobile revenue to be insignificant by the end of 2026, with nearly all revenue coming from high-power markets.
“Power has become a bottleneck for AI compute,” Allexandre said. “Delivering more usable power, more efficiently is an enabler of more compute output.”
The company said its focus includes AI data centers, grid and energy infrastructure, high-performance computing, and industrial electrification. Its portfolio now combines gallium nitride, or GaN, devices for high-frequency power conversion; silicon carbide, or SiC, products for high-voltage applications; and Claros’ integrated voltage-regulator, or IVR, technology for delivery of power close to processors.
Grid-to-XPU Strategy
Navitas presented its “grid-to-XPU” architecture as a response to what it calls the AI infrastructure power wall: cumulative power losses, heat, power-density constraints and material requirements that arise across a data center’s electrical path.
Chief Marketing Officer Llew Vaughan-Edmunds said traditional systems face limitations at several stages, including line-frequency transformers, AC-to-DC power supplies, 48-volt power distribution, intermediate bus conversion and final processor power delivery. At lower voltages, rising rack power requires higher current, increasing resistive losses and copper requirements, he said.
Navitas outlined an architecture centered on 800-volt DC distribution, fewer conversion stages and higher power density. In its presentation, the company said solid-state transformers could convert grid power directly to 800-volt DC while supporting bidirectional power flow and integration with battery-energy storage systems.
Within the data center, Navitas described power sidecars that would support high-power IT racks exceeding 1 megawatt, replacing distribution of 48 volts through a backplane with 800-volt DC delivery closer to compute trays. The company said this approach could reduce current, heat, resistive losses and copper use.
Vaughan-Edmunds also cited Navitas’ recent collaboration with NVIDIA on 800-volt-to-6-volt and 800-volt-to-12-volt DC-to-DC power-delivery boards. According to the company, those designs eliminate the traditional 48-volt intermediate bus converter stage and are intended to improve system efficiency, reliability, cost and compute density.
Processor-Level Power Delivery
Navitas said processor power requirements are creating a particularly acute challenge because AI processors operate at less than one volt while demanding thousands of amps. Vaughan-Edmunds said processor power is projected to grow from about 1.4 kilowatts in 2025 to 4.4 kilowatts in 2028, and to exceed 10 kilowatts in subsequent years.
Dan Kultran, vice president and general manager of Navitas’ IVR business unit and former Claros CEO, said conventional voltage regulators are typically placed beside processors. This requires current to travel across a circuit board, creating electrical losses, heat and board-space constraints.
Kultran said lateral power delivery can lose as much as 30% of power before it reaches the processor. Claros’ technology is designed to move voltage regulation beneath the processor through vertical power delivery, or VPD, and eventually into the processor package or substrate through embedded power delivery, or EPD.
“VPD gets us closer today, and EPD takes integration further as processor architectures evolve,” Kultran said.
The company introduced two products based on Claros’ IVR technology stack: packaged IVR, or P-IVR, designed to sit underneath a processor, and embedded IVR, or E-IVR, which integrates chiplets and passive components into a processor substrate. Navitas said its platform uses repeatable 10-amp building blocks that can be combined into 40-amp or 160-amp chips and then scaled across a system.
Expanded Addressable Market
Allexandre said Navitas’ identified 2030 serviceable addressable market has expanded from $3.5 billion for GaN and SiC to more than $8 billion with the addition of JFET and Claros IVR opportunities. He said approximately $1 billion of that expansion is tied to SiC JFET technology and at least $3.5 billion to vertical and integrated voltage-regulation opportunities.
AI infrastructure accounts for more than $6.9 billion, or nearly 85%, of that identified market, according to the company. Allexandre emphasized that the figures represent addressable market rather than revenue guidance.
Navitas said the Claros acquisition does not materially change its previously stated plan for reaching break-even. The company said its next priority is translating its expanded product portfolio into customer adoption and sustainable growth as AI data-center power architectures evolve.
About Navitas Semiconductor (NASDAQ:NVTS)
Navitas Semiconductor Corporation (NASDAQ:NVTS) develops power semiconductor technologies designed to improve the efficiency, performance and size of electronic systems. The company specializes in gallium nitride (GaN) power integrated circuits and silicon carbide (SiC) devices, which are used to convert and manage electrical power.
Its product portfolio includes GaNFast power ICs, GeneSiC silicon carbide products and related power-management solutions. These technologies are used in applications such as mobile and consumer chargers, data centers, solar inverters, electric vehicles, energy storage systems, appliances and industrial equipment.
Founded in 2014, Navitas serves customers and markets globally through its semiconductor products and engineering support.
