INNOSCIENCE (02577) saw its stock price surge more than 20% in afternoon trading. At the time of writing, the shares were up 17.83% to HKD 82.6, with a turnover of HKD 23.31 billion.
The rally comes amid a new wave of price increases in the power semiconductor market. Since the beginning of this year, leading companies such as Infineon, Texas Instruments, ON Semiconductor, and STMicroelectronics have announced a series of price hikes. In its official notification, Infineon explicitly stated that demand for its power switches and integrated circuit products has surged, leading to shortages, driven by the deployment of AI data centers. Furthermore, Infineon forecasts revenue from AI data center applications to reach €1.5 billion in fiscal year 2026, with the figure expected to rise to approximately €2.5 billion in fiscal year 2027.
Public information shows that INNOSCIENCE is the world's first IDM manufacturer to achieve mass production of 8-inch silicon-based gallium nitride (GaN) wafers. The company has grown to become the global leader in both shipment volume and revenue share for GaN power semiconductors.
According to analysis from Soochow Securities, with the continued increase in GaN penetration rates in data centers and the humanoid robotics sector, the company's performance is expected to maintain a strong growth trajectory.
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