Navitas Semiconductor rises on $232.8 million Claros acquisition
+1.72% to $12.44 from $12.23
What moved NVTS
- Navitas signed a definitive agreement to acquire Claros in a cash-and-stock deal valued at up to $232.8 million.
- The deal adds vertical power delivery and integrated voltage regulator technology for AI processors, which Navitas said could more than double its identified 2030 addressable market to over $8 billion.
- Shares rose about 5% on the news.
Sources: Data Center Dynamics · GlobeNewswire · The Motley Fool