Navitas Semiconductor Corporation (NVTS) is facing a fresh challenge at a time when investors were already questioning the company’s long-term growth trajectory. Shares of the power semiconductor specialist came under renewed pressure after rival Wolfspeed (WOLF) filed a patent infringement lawsuit, alleging that several of Navitas’ core gallium nitride (GaN) and silicon carbide (SiC) product families violate multiple Wolfspeed patents. The legal dispute introduces a new layer of uncertainty for a company that has been positioning itself as a key beneficiary of artificial intelligence (AI)-driven power infrastructure demand.
The lawsuit, filed in the U.S. District Court for the District of Delaware, targets some of Navitas’ flagship GaNFast, GaNSlim, GaNSafe, GeneSiC, and SiCPAK products, with Wolfspeed seeking to protect what it describes as its foundational wide-bandgap semiconductor intellectual property. Navitas has rejected the allegations, saying it believes the claims are without merit and intends to defend itself vigorously.
