Navitas Semiconductor, (Nasdaq: NVTS), the industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, today issued the following statement regarding the patent infringement complaint filed by Wolfspeed.

Navitas is aware of the complaint filed by Wolfspeed in the United States District Court for the District of Delaware. While the Company generally does not comment on pending litigation, Navitas disputes the allegations in the complaint, will vigorously defend itself and its products against baseless accusations of infringement, and expects to prevail in the litigation. In the meantime, Navitas remains fully committed to executing its growth strategy and delivering innovative products that address the rapidly expanding demand for next-generation power semiconductors.