Reported Earlier, Navitas Signs Definitive Agreement To Acquire Claros For Up To $232.8M In Cash And Stock, Doubling Its 2030 Serviceable Addressable Market To Over $8B

Benzinga Newsdesk www.benzinga.com Positive 89.3%

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Enabling of all steps of power conversion to be addressed from ultra-high voltage grid down to core/xPU
Doubling of Navitas’ 2030 serviceable addressable market (SAM) to over $8 billion
Expansion of IP, engineering and technology capabilities across digital control, passive integration, leading-edge mixed signal, and advanced 2D/3D packaging
Strengthening of mid- to long-term financial model through revenue acceleration and margin expansion, while maintaining its path to profitability

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