Understanding the Market | INNOSCIENCE rose over 5% in the closing session as TSMC exits the gallium nitride business, the company will further enhance its 8-inch gallium nitride production capacity
INNOSCIENCE rose over 5% in the closing session, and as of the time of publication, it was up 2.97%, trading at HKD 38.1, with a transaction volume of HKD 102 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. Additionally, according to Yicai Global, INNOSCIENCE has revealed plans to further increase its 8-inch wafer production capacity, expecting to raise it from the current 13,000 wafers per month to 20,000 wafers by the end of the year. In the medium to long term, the company has previously announced a target of reaching 70,000 wafers per month in five years, which is more than five times the current level. INNOSCIENCE plans to achieve significant advantages over traditional silicon-based power semiconductors in terms of performance and cost through capacity enhancement and product iteration in the coming years, providing customers with up to 40% performance improvement and 30% cost savings
According to Zhitong Finance APP, INNOSCIENCE (02577) rose over 5% in late trading, and as of the time of writing, it is up 2.97%, priced at HKD 38.1, with a transaction volume of HKD 102 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.
Additionally, according to Yicai, INNOSCIENCE revealed that it will further enhance its 8-inch wafer production capacity, expecting to increase from the current 13,000 wafers per month to 20,000 wafers by the end of the year. In the medium to long term, the company has previously announced a target of reaching 70,000 wafers per month in five years, which is more than five times the current level. INNOSCIENCE plans to achieve significant advantages over traditional silicon-based power semiconductors in terms of performance and cost through capacity enhancement and product iteration in the coming years, providing customers with up to a 40% performance improvement and 30% cost savings
