Understanding the Market | INNOSCIENCE rises over 30%, reaching a new high since its listing during intraday trading. The company responds that its collaboration with NVIDIA is still in the testing phase
INNOSCIENCE's stock price surged significantly in the morning, with a maximum increase of 63%, reaching a new high of HKD 72, currently up 31.36%, reported at HKD 57.8. The company's collaboration with NVIDIA is still in the testing phase and has not yet generated substantial orders. INNOSCIENCE is the world's first IDM manufacturer to achieve mass production of 8-inch gallium nitride wafers, focusing on GaN power devices, with a market share of 42.4% in 2023
According to the Zhitong Finance APP, INNOSCIENCE (02577) saw a surge in its stock price with significant volume in the morning session, rising over 63% in the afternoon to reach a new high of HKD 72. As of the time of writing, it has increased by 31.36%, trading at HKD 57.8, with a transaction volume of HKD 4.115 billion.
In terms of news, NVIDIA's official website updated its list of 800V DC power supply architecture partners, with INNOSCIENCE being the only Chinese chip company selected as a partner. According to a report by 21st Century Business Herald, regarding the details of the collaboration, INNOSCIENCE stated to reporters interviewed as investors that the cooperation with NVIDIA has been ongoing for some time, primarily leveraging its high-power gallium nitride (GaN) technology to qualify. However, the collaboration is still in the testing phase and has not yet generated substantial orders. Due to the company being in the phase of releasing its semi-annual report, it is inconvenient to comment on the prospects and impacts of this collaboration.
Huachuang Securities pointed out that INNOSCIENCE is the world's first IDM manufacturer to achieve mass production of 8-inch gallium nitride wafers, focusing on the research, manufacturing, and sales of GaN power devices. As the only gallium nitride power semiconductor supplier covering the entire voltage spectrum from 15V to 1200V, the company focuses on a product line covering 15V-900V, addressing core scenarios such as consumer electronics, data centers, new energy vehicles, and industrial power supplies. In 2023, it ranked first globally in GaN discrete device shipments with a market share of 42.4%, and by the end of 2024, its monthly production capacity is expected to reach 13,000 pieces, with plans to increase capacity to 70,000 pieces within the next five years
