INNOSCIENCE Shares Surge Over 7% in Morning Session on GaN AI Server Power Supply Prospects

Stock News02-23 11:50

INNOSCIENCE (02577) saw its shares rise more than 7% before the midday break. At the time of writing, the stock was up 7.06%, trading at HK$65.95, with a turnover of HK$139 million. The company previously announced that its gallium nitride (GaN) power chips have completed a critical design-in for Google's AI hardware platform and a compliant supply agreement has been signed. This move signifies INNOSCIENCE's official entry into the supply chain for Google's AI servers and data centers. Market analysis indicates that by securing this strategic position now, the company aims to capture a leading role in the future upgrade of high-voltage direct current power systems for data centers. Notably, the adoption rate of gallium nitride in AI server power supplies is expected to increase rapidly. Related forecasts suggest this proportion could rise from approximately 15% in 2025 to over 40% by 2027, indicating a continuously expanding market. Focusing on major clients, INNOSCIENCE is collaborating with power supply manufacturers and server ODM companies to promote the large-scale implementation of GaN power solutions in data center applications.

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