Navitas Semiconductor Stock Is on the Ropes. It Faces a New Patent Infringement Lawsuit.

Wolfspeed filed a patent infringement lawsuit against Navitas Semiconductor in U.S. District Court for Delaware, alleging Navitas' GaNFast, GaNSlim, GaNSafe, GeneSiC, and SiCPAK product families violate multiple Wolfspeed patents related to gallium nitride and silicon carbide technologies. Wolfspeed seeks to protect its wide-bandgap semiconductor intellectual property. Navitas rejected the allegations as without merit and plans vigorous defense. The lawsuit pressured Navitas stock amid investor concerns about legal costs and business disruption.