NVTS news

Navitas reported 33% sequential revenue growth and an anticipated 40% AI Infrastructure revenue mix by year-end. The company exited the mobile market to focus on power-hungry AI data centers.

Navitas Semiconductor will acquire Magnachip Semiconductor in a share purchase agreement. The deal is significant for semiconductor M&A. Navitas will issue shares to Magnachip shareholders.

Navitas Semiconductor Corp (NVTS) announced a definitive agreement to be acquired by Claros, Inc. for an estimated merger consideration of approximately $39.0 million upon closing, with additional earnout payments potential.

Navitas Semiconductor disputes baseless patent infringement allegations filed by Wolfspeed in Delaware federal court. The company asserts it expects to prevail while remaining focused on execution.

Navitas Semiconductor resolved a dispute with Live Oak Sponsor Partners II regarding vesting of sponsor earnout shares tied to business combination milestones. The settlement clarifies share vesting terms that were previously contested between the parties.