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Navitas Semiconductor has announced a definitive agreement to merge with Live Oak Acquisition Corp. II, valuing the combined entity at $1.4 billion. This transaction aims to take Navitas public, allowing access to markets projected to grow to over $13 billion by 2026, driven by demand in sectors like mobile, enterprise, and electric vehicles. Navitas has successfully shipped over 18 million GaNFast™ power ICs with zero reported failures, indicating robust operational momentum. The merger is expected to close in Q3 2021, contingent on necessary approvals.