On July 9, Wolfspeed rose 8.45% in regular trading, trading at $37.41/share, with Turnover of $39.84 million.

On the news front, Wolfspeed announced on July 8 that it 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 patents. The accused products include Navitas's GaN-based FETs such as the GaNFast, GaNSlim, and GaNSafe product families, along with its GeneSiC MOSFETs and SiCPAK modules. The move is viewed as a significant step by Wolfspeed to defend its foundational patent portfolio in the GaN and SiC domains. If the court rules against Navitas, it may face product redesign requirements, licensing fees, or sales restrictions.

Additionally, Wolfspeed completed its debt restructuring at the end of June, which has bolstered market expectations for its operational recovery.

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