On July 17, Navitas Semiconductor fell 8.29% in regular trading, trading at $11.48/share, with turnover of $52.84 million. The decline was driven by the continued overhang from a patent infringement lawsuit filed by Wolfspeed.

Wolfspeed filed a patent infringement lawsuit against Navitas Semiconductor in the US District Court for the District of Delaware, alleging that a broad range of Navitas products infringe multiple Wolfspeed US patents. The accused products include Navitas's GaN-based FETs — specifically the GaNFast, GaNSlim, and GaNSafe product families — as well as its GeneSiC MOSFETs and SiCPAK modules. The lawsuit covers Navitas's core product lines, posing sustained uncertainty to its business outlook.

Additionally, the broader semiconductor sector was under pressure, with NVIDIA down 1.45%, Taiwan Semiconductor Manufacturing down 2.52%, and Intel down 2.12%, amplifying selling pressure on individual names. Navitas is scheduled to report its fiscal second-quarter results on July 27, with consensus EPS expected at -$0.10.

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