Understanding the Market | INNOSCIENCE rises over 7%, surging over 14% yesterday on high volume; NVIDIA partners with Navitas to ignite the gallium nitride craze
INNOSCIENCE rose over 7% again, with the stock surging over 14% on high volume yesterday. As of the time of writing, it is up 7.14%, priced at HKD 42, with a trading volume of HKD 101 million. On the news front, Nanwei Semiconductor surged over 160% overnight after announcing a collaboration with NVIDIA to develop the next-generation 800-volt high-voltage direct current (HVDC) architecture, which will power the "Kyber" rack-level system supporting GPUs, including the Rubin Ultra. Nanwei's gallium nitride and silicon carbide technologies will play a key role in this collaboration. It is reported that INNOSCIENCE is a leading enterprise in third-generation semiconductors focusing on gallium nitride. According to Frost & Sullivan data, INNOSCIENCE ranked first in global gallium nitride power semiconductor companies in 2023, with a market share of up to 33.7%. In April of this year, INNOSCIENCE announced a joint development agreement with STMicroelectronics for the development and manufacturing of gallium nitride power technology, aiming to jointly promote the application of this technology in consumer electronics, data centers, automotive, and industrial power systems in the coming years
According to the Zhitong Finance APP, INNOSCIENCE (02577) has risen over 7%, with the stock surging over 14% yesterday on high volume. As of the time of writing, it is up 7.14%, priced at HKD 42, with a transaction volume of HKD 101 million.
In terms of news, overnight, Nuvoton Technology surged over 160% after the company announced a collaboration with NVIDIA to develop the next-generation 800-volt high-voltage direct current (HVDC) architecture, which will support GPU power for the "Kyber" rack-level system, including Rubin Ultra. Nuvoton's gallium nitride and silicon carbide technologies will play a key role in this collaboration.
It is reported that INNOSCIENCE is a leading enterprise focusing on gallium nitride in the third-generation semiconductor sector. According to Frost & Sullivan data, INNOSCIENCE ranked first in global gallium nitride power semiconductor companies in 2023, with a market share of up to 33.7%. In April of this year, INNOSCIENCE announced the signing of a joint development agreement with STMicroelectronics for the development and manufacturing of gallium nitride power technology, aiming to jointly promote the application of this technology in consumer electronics, data centers, automotive, and industrial power systems in the coming years
