Understanding the Market | INNOSCIENCE rose over 7% in the morning as the company launched its 1200V gallium nitride products, which have achieved mass production in medium to high power supply applications
INNOSCIENCE's stock price rose more than 7% in the morning, reaching HKD 38.5, with a transaction volume of HKD 29.1003 million. The company announced that its self-developed 1200V gallium nitride products have achieved mass production in medium and high power supply applications, widely used in fields such as new energy vehicles, industrial applications, and AI data centers. Caitong Securities pointed out that INNOSCIENCE is a leader in the global gallium nitride industry, expecting a year-on-year growth of 118.1% in overseas revenue in 2024
According to Zhitong Finance APP, INNOSCIENCE (02577) rose over 7% in the morning, and as of the time of writing, it increased by 7.24%, trading at HKD 38.5, with a transaction volume of HKD 29.1003 million.
In terms of news, INNOSCIENCE announced that the company has released its self-developed 1200V Gallium Nitride (GaN) products. This product, with its wide bandgap characteristics, shows significant advantages in high-voltage and high-frequency scenarios, possessing the core advantage of zero reverse recovery charge, which helps further enhance the efficiency and miniaturization of energy conversion systems. It can be widely applied in fields such as new energy vehicles, industrial applications, and AI data centers. Verified by the company's clients, this product has achieved mass production in medium to high power supplies, and the next step will be its application in new energy vehicles and AI data centers.
Caitong Securities pointed out that INNOSCIENCE is a leader in the global GaN industry. As a key material for third-generation semiconductors, GaN has broad application prospects in consumer electronics, data centers, automotive, renewable energy generation, and robotics due to its excellent performance in high frequency, high efficiency, and high power density, and its penetration rate is continuously increasing. The firm noted that in 2024, STMicroelectronics will participate as a cornerstone investor in the company's IPO issuance and will sign an agreement with the company in April 2025 to carry out joint technology development, forming strategic synergy. In 2024, the company's overseas revenue is expected to grow by 118.1% year-on-year, accounting for 15.3%. Subsequently, the company is expected to leverage its comprehensive advantages to further deepen its global market layout and continuously increase its market share
