litigation
confidence high
sentiment negative
materiality 0.65
Navitas disputes Wolfspeed patent infringement complaint, vows to defend vigorously
Navitas Semiconductor Corp
- Wolfspeed filed a patent infringement complaint against Navitas in the U.S. District Court for the District of Delaware.
- Navitas disputes the allegations, calling them baseless, and will vigorously defend itself.
- Navitas expects to prevail in the litigation and remains committed to its growth strategy.
- Navitas states its technology is the result of independent innovation and a robust global IP portfolio.