Navitas Semiconductor (NVTS) investor relations material

Deal rationale and strategic fit

• Completed Claros acquisition adds IVR to GaN and high-/ultra-high-voltage SiC, completing a Grid-to-XPU power portfolio for AI infrastructure.

• Claros IVR complements GaN and SiC by regulating power at the processor stage, while the existing technologies address conversion and distribution.

• The combined technologies target lower losses and power-density constraints across the power chain, making more power usable for AI compute.

Financial terms and conditions

• Identified 2030 SAM expands from $3.5B to more than $8B; AI infrastructure represents more than $6.9B and nearly 85% of SAM.

• 2030 SAM estimates include $5.3B for AI datacenters, $1.6B for grid and energy infrastructure, $0.4B for high-performance computing, and $0.7B for industrial electrification.

• SAM figures represent addressable market, not revenue guidance; the acquisition does not materially change the break-even plan, with priorities remaining revenue scale, margin expansion, and progress toward profitability.

Integration plans and timeline

• Claros founder Dan Kultran became VP and GM of the newly created IVR business unit following the acquisition close.

• Packaged IVR enables earlier adoption and vertical power delivery beneath the processor; embedded IVR supports deeper integration into the processor package or substrate over time.

• Modular IVR architecture scales from 10A building blocks to multi-chip systems and more than 10 kA as XPU power requirements rise; PowerArray coordinates chips and load sharing.