Understanding the Market | INNOSCIENCE Soars 14% in the Morning, NVIDIA's Latest 800V Architecture Supplier List Revealed, Company is the Only Selected Chip Enterprise from China
INNOSCIENCE's stock price soared 14.2% to HKD 50.25, with a transaction volume of HKD 182 million. The company has become the only Chinese chip enterprise partner of NVIDIA for the 800V DC power architecture, promoting the large-scale application of AI data centers. In addition, INNOSCIENCE completed the placement of 13.58 million new H shares, raising a net amount of HKD 543 million, which is expected to address a funding gap of approximately USD 50 million in 2027
According to the Zhitong Finance APP, INNOSCIENCE (02577) surged 14% in the morning, and as of the time of writing, it rose 14.2% to HKD 50.25, with a transaction volume of HKD 182 million.
On the news front, on August 1st, NVIDIA updated its list of 800V DC power architecture partners on its official website, and INNOSCIENCE is the only Chinese chip company selected as a partner this time. This means that the two parties have officially reached a deep cooperation agreement, and they will work together to promote the large-scale application of 800V DC (800VDC) power architecture in AI data centers. This cooperation will increase the computing power density of a single machine room by more than 10 times, helping the power density of a single cabinet to exceed 300kW, and officially ushering global AI data centers into the megawatt-level power supply era.
It is worth noting that INNOSCIENCE recently announced the completion of the placement of 13.58 million new H-shares, with a placement price of HKD 40.50 per H-share, raising a net amount of HKD 543 million. Jefferies released a research report stating that through this share placement, INNOSCIENCE will address an estimated funding gap of about USD 50 million by 2027. Currently, the company’s capital expenditure is projected to be RMB 570 million this year, increasing to RMB 1.4 billion next year. It is believed that INNOSCIENCE will enter the Chinese electric vehicle supply chain in the second half of this year, and the accelerated capacity expansion next year will help support related business development, ensure supply stability, and enhance the confidence of downstream customers, such as electric vehicle manufacturers, in adopting gallium nitride technology, forming a virtuous cycle
