On July 8, Navitas Semiconductor fell 8.36% in pre-market trading, trading at $12.81/share, with turnover of $689,900. 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 FETs, specifically the GaNFast, GaNSlim, and GaNSafe product families, along with its GeneSiC MOSFETs and SiCPAK modules. These products span Navitas's core business lines in gallium nitride and silicon carbide power semiconductors. If the litigation outcome is unfavorable, it could materially impact the company's product sales and operations.

Navitas Semiconductor is a next-generation power semiconductor company focused on GaN power ICs, high-voltage SiC devices, and digital isolators, serving AI data centers, energy infrastructure, and industrial electrification markets. Its next earnings report is scheduled for July 27.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)