BUZZ-Navitas down after Wolfspeed files patent infringement lawsuit

Navitas Semiconductor Corp Ordinary Shares - Class A
Wolfspeed Inc

Navitas Semiconductor Corp Ordinary Shares - Class A

NVTS

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Wolfspeed Inc

WOLF

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** Shares of chip firm Navitas Semiconductor NVTS.O fall 6% to $13.2 premarket

** Chipmaker Wolfspeed WOLF.N files patent infringement lawsuit against Navitas in the United States District Court for the District of Delaware

** WOLF alleges NVTS' products infringe multiple Wolfspeed patents

** Navitas disputes the allegations in the complaint; says "will vigorously defend itself and its products against baseless accusations of infringement, and expects to prevail in the litigation"

** Up to last close, NVTS shares have nearly doubled YTD


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