Slide 1: Navitas + Claros: Breaking the AI Infrastructure Power Wall
Proprietary - Navitas Semiconductor - All Rights Reserved Navitas + Claros: Breaking the AI Infrastructure Power Wall with full grid - to - xPU play August 2026
Slide 2: Legal Notice: Cautionary Note Regarding Forward-Looking Statements
2 Confidential and/or Proprietary - Navitas Semiconductor Legal Notice Cautionary Note Regarding Forward - Looking Statements Any forward - looking statements contained in this investor presentation are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act
Slide 3: Summary: Navitas to acquire Claros for an estimated $234.8 million
3 Confidential and/or Proprietary - Navitas Semiconductor S ummary Navitas enters into agreement to acquire Claros for an estimated $234.8 million : Approximately $216.0 million to be paid at closing in a combination of cash and shares of Navitas Class A common stock, par value $0.0001 per share (Co
Slide 4: The AI Infrastructure 'Power Wall'
4 Confidential and/or Proprietary - Navitas Semiconductor The AI Infrastructure ‘Power Wall’ AC - DC PSUs are reaching their limits as AI power accelerates IT trays are limited by low voltage distribution losses IT racks are constrained by power density & distribution losses Legacy transformers are
Slide 5: Breaking the AI Infrastructure 'Power Wall' with Grid play
5 Confidential and/or Proprietary - Navitas Semiconductor Breaking the AI Infrastructure ‘Power Wall’ with Grid - to - xPU play High rack power drives 3 - Phase high - density PSUs 800V server trays requiring high - density DC/DC conversion closer to xPU AC - DC , DC - DC power shelves & BBUs move t
Slide 6: Anticipated Benefits include Grid, More Than 2x SAM, Expanded Capabilities
6 Confidential and/or Proprietary - Navitas Semiconductor Anticipated Benefits include Grid - to - xPU , More Than 2x SAM, Expanded Capabilities • Navitas 2.0 and grid - to - xPU : same strategy and focus on AI Infrastructures with high power products, broadened portfolio • Doubling SAM expansion to
Slide 7: Stronger Financial Model
7 Confidential and/or Proprietary - Navitas Semiconductor Stronger Financial Model • Current organic plan and short - to mid - term (2027/2028) financial model remain unchanged • Revenue acceleration expected from VPD & IVR (2028/2029), alongside organic AI Infrastructures driven GaN and SiC growth
Slide 8: Navitas & Claros Will Complete 'Grid' AI Power Portfolio
8 Confidential and/or Proprietary - Navitas Semiconductor Navitas & Claros Will Completes ‘Grid - to - xPU ’ AI Power Portfolio 6 V DC VPD IVR 0.7x V DC xPU • Navitas + Claros create a complete Grid - to - xPU power platform • Combining Navitas’ GaN and HV & UHV SiC leadership with Claros’ VPD & IVR
Slide 9: Our Core Values
Proprietary - Navitas Semiconductor - All Rights Reserved Speed and decisiveness One team, one mission Trust, respect and collaboration Ownership and accountability Results driven Navitas Semiconductor Our Core Values