HK Stock Market Move | INNOSCIENCE(02577) rose more than 6% in the afternoon, and the company owns the world's largest gallium nitride power semiconductor production base.

INNOSCIENCE (02577) rose more than 6% in the final trading session, with a rise of 6.17% to 32.7 Hong Kong dollars at the time of writing, with a turnover of 11.95 million Hong Kong dollars. Public information shows that INNOSCIENCE is the world's first company to achieve mass production of 8-inch silicon-based gallium nitride wafers, and also the only company in the world that can provide a complete voltage spectrum of silicon-based gallium nitride semiconductor products on an industrial scale. According to data from Frost & Sullivan, based on revenue in 2023, the company's market share in the global power semiconductor industry is 0.2%, and in the Chinese power semiconductor industry is 0.4%. In addition, according to the same source, based on revenue, the company ranked first among all gallium nitride power semiconductor companies globally in 2023. It is reported that INNOSCIENCE has adopted the IDM model of integrated device manufacturers, allowing it to control the entire process from product design, manufacturing, packaging, testing to sales. As of June 30, 2024, INNOSCIENCE has the world's largest gallium nitride power semiconductor production base, with a capacity of 12,500 wafers per month. Compared to 6-inch silicon-based gallium nitride wafers, INNOSCIENCE's advanced mass production technology has increased the yield of grains per wafer by 80% and reduced the cost of a single chip by 30%.