On July 16, Navitas Semiconductor fell 8.14% in regular trading, trading at $12.175/share, with turnover of approximately $62.04 million.

On the news front, Wolfspeed recently filed a patent infringement lawsuit against Navitas 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 span Navitas's core product lines, including its GaN-based FETs — such as the GaNFast, GaNSlim, and GaNSafe families — as well as its GeneSiC MOSFETs and SiCPAK modules. The lawsuit introduces material uncertainty regarding Navitas's business outlook. Navitas has denied the allegations, stating it will vigorously defend itself and expects to prevail.

Adding to the downward pressure, the broader semiconductor sector traded sharply lower, with Micron Technology down 4.59%, Intel down 4.07%, AMD down 3.82%, NVIDIA down 3.04%, and TSMC down 2.24%, amplifying negative sentiment across the space.

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