Navitas To Acquire Claros For Up To $232.8 Million As AI Power Market Opportunity More Than Doubles To $8 Billion

Argentina filed a criminal complaint against Navitas Petroleum and four other firms over hydrocarbon exploration near the Falklands. The complaint targets companies operating under UK licenses, which Argentina deems illegitimate. Navitas shares slid over 14% since the announcement. The companies maintain they operate under valid licenses from the Falkland Islands government.

Navitas Semiconductor acquired Claros for $232.8M to expand its product portfolio. GlobalFoundries will produce GaN devices for Navitas, marking a milestone in U.S. GaN manufacturing. Navitas reported Q2 2026 revenue of $10.5M and a net loss of $228.2M, facing lawsuits from Renesas and Wolfspeed.

Carets Corp is exploring a potential sale, including its technology and patents. Algorhythm Holdings (RIME) and Biomerica (BMRA) are evaluating strategic alternatives. nVent Electric (NVT) acquired Maverick Power for $1.75B, with up to $550M more in performance-based payments. Descartes (DSGX) bought Tai for $100M, and Navitas (NVTS) acquired Claros for up to $232.8M. Booz Allen (BAH) completed a $720M acquisition, and Elastic (ESTC) acquired Deductive AI. BioXcel (BTAI) filed for Chapter 11 ban

Navitas Semi acquires Claros, a developer of vertical power delivery and integrated voltage regulator tech for AI datacentres, for around $216m in cash and stock. The deal, expected to close by year-end, aims to enhance Navitas's power chip portfolio and address AI infrastructure power challenges. Claros's tech complements Navitas's GaN and SiC portfolio, targeting high-density AI racks.

Navitas Semiconductor will acquire Claros for $232.8M to enhance its AI data center power solutions. Claros' tech reduces power loss by moving conversion closer to processors. The deal, expected to close by 2026, will expand Navitas' market to $8B by 2030, with Claros adding $3.5B. Payment includes cash, shares, and performance-based compensation.

NEURA Robotics acquired ADLATUS Robotics, expanding its Physical AI platform into autonomous cleaning. NexTech Solutions acquired BOOMSLANG Aerospace, adding uncrewed aerial systems. Navitas Semiconductor agreed to acquire Claros for $216M, enhancing its AI data center power delivery. Financial terms for NEURA and NexTech deals were not disclosed.