Shares of Navitas Fall After Wolfspeed Files Patent Infringement Lawsuit

Dow Jones
Jul 09
 

Shares of Navitas fell after Wolfspeed filed a patent infringement lawsuit against the gallium nitride semiconductor developer.

The stock was down 9.5% to $12.72 in recent trading. Despite the intraday decline, shares were up 78% since the start of the year.

Wolfspeed, a semiconductor technology company, alleged several of Navitas's major product lines, including GaN-based FETs and its GenerSiC MOSFETs and SiCPak modules, infringed on Wolfspeed patents, in accordance with semiconductor and high-power electronic provisions of patent law.

Navitas on Wednesday said it disputes Wolfspeed's claims.

 

Write to Grace Yoon at grace.yoon@wsj.com

 

(END) Dow Jones Newswires

July 08, 2026 12:10 ET (16:10 GMT)

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