Understanding the Market | INNOSCIENCE rose over 5% in early trading, TSMC exits the gallium nitride business, cornerstone investors actively extend the lock-up period
INNOSCIENCE rose over 5% in early trading, and as of the time of writing, it increased by 5.14%, priced at HKD 38.85, with a transaction volume of HKD 41.6528 million. According to reports from the Science and Technology Innovation Board Daily, global wafer foundry leader TSMC has recently confirmed that it will gradually exit the gallium nitride (GaN) wafer foundry business over the next two years. INNOSCIENCE's chairman, Luo Weiwei, believes that GaN wafers are not suitable for the foundry model; TSMC's abandonment of the GaN foundry business is a differentiated choice within the industry. Public information shows that INNOSCIENCE has long been deeply engaged in the GaN power device field and is the world's first IDM manufacturer to achieve mass production of 8-inch gallium nitride wafers. On June 30, INNOSCIENCE announced that international semiconductor giant STMicroelectronics (STM) proactively committed not to reduce its holdings within the next 12 months on the day the original ban period expired. As the largest cornerstone investor, STMicroelectronics holds 12.5921 million H shares, accounting for 27% of the tradable shares
According to the Zhitong Finance APP, INNOSCIENCE (02577) rose over 5% in early trading, and as of the time of writing, it has increased by 5.14%, trading at HKD 38.85, with a transaction volume of HKD 41.6528 million.
In terms of news, according to the Science and Technology Innovation Board Daily, global wafer foundry leader TSMC has recently confirmed that it will gradually exit the gallium nitride (GaN) wafer foundry business over the next two years. INNOSCIENCE's chairman, Luo Weiwei, believes that GaN wafers are not suitable for the foundry model; TSMC's abandonment of the GaN foundry business is a differentiated choice within the industry.
Public information shows that INNOSCIENCE has long been deeply engaged in the GaN power device field and is the world's first IDM manufacturer to achieve mass production of 8-inch gallium nitride wafers. On June 30, INNOSCIENCE announced that international semiconductor giant STMicroelectronics (STM) voluntarily committed not to reduce its holdings of any shares within the next 12 months on the day the original lock-up period expired. As the largest cornerstone investor, STMicroelectronics holds 12.5921 million H shares, accounting for 27% of the tradable shares
