On July 8, Navitas Semiconductor fell 8.01% in regular trading, trading at $12.865/share, with turnover of $112 million. The decline was triggered by Wolfspeed announcing it had filed a patent infringement lawsuit against Navitas Semiconductor in the US District Court for the District of Delaware.

According to the filing, Wolfspeed alleges that a broad range of Navitas products infringe multiple Wolfspeed patents. The accused products include Navitas's GaN-based field-effect transistors, specifically the GaNFast, GaNSlim, and GaNSafe product families, as well as its GeneSiC MOSFETs and SiCPAK modules. These products span Navitas Semiconductor's core business lines, and an unfavorable litigation outcome could materially impact the company's product sales and operations.

Navitas Semiconductor is a next-generation power semiconductor company focused on gallium nitride power ICs, silicon carbide devices, and digital isolators, serving AI data centers, energy infrastructure, and industrial electrification markets. The company is scheduled to report quarterly earnings on July 27, with consensus EPS expected at -$0.10.

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