On August 12, Wolfspeed Inc. rose 9.49% in regular trading, trading at $32.4/share, with Turnover of $4.8387 million. The rally was driven by escalating compound semiconductor patent disputes and a new strategic AI data center partnership.

On the patent front, Navitas filed a GaN patent infringement lawsuit against Renesas on August 10, further intensifying the wide-bandgap semiconductor IP battle. Wolfspeed had previously filed patent infringement claims against Navitas in July, alleging infringement across GaN FETs including GaNFast, GaNSlim, and GaNSafe families, as well as GeneSiC MOSFETs and SiCPAK modules. The escalating industry IP disputes underscore Wolfspeed's value as a pioneer in wide-bandgap semiconductor technology.

Additionally, Wolfspeed recently announced a strategic partnership with Lite-On Technology, with its SiC MOSFETs certified for use in 800V DC power-side rack and power supply units supporting next-generation hyperscale AI data center deployments, expected to be adopted by multiple cloud service providers.

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