Navitas Semiconductor Corp (NVTS) News & EventsNVTSNews & EventsNavitas Semiconductor Corp

Tech Stocks Rebound, S&P 500 Futures Up 0.35%

Stock futures are pointing to a stronger open as technology stocks rebound from Monday's selloff. The bond market is providing some relief. The 10-year Treasury yield has slipped to around 4.67%, while the 30-year yield is around 5.21%, after the long-end of the curve came under significant pressure last week. The market is also looking ahead to Wednesday's PCE inflation report. Economists expect monthly headline PCE to rise 0.1% after falling 0.1% in June.The U.S. has begun imposing tougher sanctions on Iran and is threatening countries that continue trading with Tehran, but crude prices have eased. Brent is around $88 a barrel and WTI around $82, giving stocks some relief from the inflation concerns that pushed oil higher last week.In pre-market trading, S&P 500 futures rose 0.35%, Nasdaq futures rose 0.75% and Dow futures rose 0.39%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Kura Oncologyup 9% after disclosing that its CEO Troy Wilson bought 100K shares of common stock on in a total transaction size of $1.11MNavitas Semiconductorup 5% after signing a definitive agreement to acquire Claros in deal valued at up to $232.8MUnited Airlinesup 3% after announcing the largest international network expansion in company history with 10 new international cities and three new routes across Europe and AsiaAMDup 2% after Raymond James upgraded the stock to Strong Buy from Outperform with a price target of $641, up from $565Boeingup 1% after being awarded a $131.23B ceiling, indefinite-delivery/indefinite-quantity contract for the F-15 Eagle CrestUP AFTER EARNINGS -Scotiabankup 2%DOWN AFTER EARNINGS -Dick's Sportingdown 15%Vipshopdown 3%Citi Trendsdown 1%

Navitas to Acquire Claros in $232.8M Deal

Navitas Semiconductor announced the signing of a definitive agreement to acquire Claros, a power management solutions company developing vertical power delivery and integrated voltage regulator technology for next-generation AI data centers, in a transaction valued at up to approximately $232.8M, based on the per share closing price of Navitas' stock on August 21, 2026. The acquisition, when completed, is expected to more than double Navitas' identified 2030 SAM to over $8B, adding at least $3.5 billion from the rapidly growing VPD and IVR markets. Combined with Navitas' existing $3.5B SAM for GaN and HV/UHV SiC and approximately $1B from new junction field-effect transistor technology, the acquisition is expected to significantly expand Navitas' opportunity across the complete grid-to-xPU power chain. Navitas' current short-to mid-term financial model and strategy, under its Navitas 2.0 transformation, remain unchanged. Claros' VPD and IVR technologies provide an additional growth accelerator from 2028/2029 onward alongside Navitas' strong organic 800V HVDC GaN and SiC growth in AI infrastructure. The company remains committed to its path toward profitability and does not expect a material change from its previous timeline. Under the terms of the definitive merger agreement, Navitas will acquire Claros in a transaction valued up to approximately $232.8M, comprised of approximately $216M to be paid at closing in a combination of cash and shares of the Company's Class A common stock, par value $0.0001 per share, and the remainder of which will be paid in shares of Common Stock on the achievement of certain business milestones during the two years following the closing date. The value of shares of Common Stock that comprise the merger consideration was determined based on the closing share price of a share of Common Stock on August 21, 2026, which was $12.97. In addition, certain continuing Claros employees will be eligible to receive performance based compensation under the Company's equity incentive plan, payable in shares of Common Stock, having a value of approximately $28.9M based on the Reference Price, and based on the achievement of these same business milestones. The transaction has been unanimously approved by the boards of directors of both companies and is expected to close before year-end, subject to customary closing conditions, including applicable regulatory approvals.

Navitas Files Patent Infringement Lawsuit Against Renesas

Navitas Semiconductor announced it filed a patent infringement lawsuit against Renesas in the United States District Court for the Eastern District of Texas. "Navitas is an early GaN innovator and leader that is successfully capitalizing on the substantial and growing market opportunity for high-powered solutions," said Navitas president and CEO Chris Allexandre. "We pioneered bringing GaN technology to scale. We've heavily invested in R&D in both GaN and high-voltage SiC and have protected our proprietary innovations through robust intellectual property. We respect valid intellectual property rights and we expect our competitors to do likewise." The lawsuit asserts that Renesas' major GaN product lines, including Renesas' SuperGaN power semiconductors, infringe Navitas' industry-leading gallium nitride patent portfolio, including U.S. Patent Nos. 9,929,079; 11,545,838; 11,770,010; and 11,862,996.