Navitas Shares Slide Following Wolfspeed Patent Lawsuit

A sharp 9.5% drop in Navitas stock greeted Wednesday’s news that semiconductor rival Wolfspeed has initiated a patent infringement lawsuit. Shares tumbled to $12.72 as markets reacted to allegations targeting the company’s core technology, though the firm remains up 78% since the beginning of the year.

July 8, 2026, 08:04 PM 561 0

Navitas Shares Slide Following Wolfspeed Patent Lawsuit

Wolfspeed claims that several of Navitas’s primary product lines violate its intellectual property rights. The lawsuit specifically identifies GaN-based FETs, GenerSiC MOSFETs, and SiCPak modules as infringing on patents related to semiconductor and high-power electronic standards.

Navitas issued a formal response on Wednesday, stating it disputes all allegations brought by Wolfspeed. Despite the immediate market volatility, the company maintains that its product designs stand on solid legal ground.

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