HK Stock Market Move | INNOSCIENCE (02577) up over 10%, stock price hits new high on the market. Owns the world's largest Gallium Nitride power semiconductor production base.

INNOSCIENCE (02577) rose more than 10%, hitting a high of 36.75 Hong Kong dollars, setting a new record high. As of the time of publication, it had increased by 10.27%, reaching 36.5 Hong Kong dollars, with a trading volume of 12.1398 million Hong Kong dollars. Public information shows that INNOSCIENCE is a high-tech company specializing in research and manufacturing of third-generation gallium nitride semiconductor chips. The company owns the world's largest gallium nitride power semiconductor production base, is the first company in the world to achieve mass production of 8-inch silicon-based gallium nitride wafers, and is currently the only company in the world with industrial-scale production of silicon-based gallium nitride semiconductor products that offer a full voltage spectrum. As of June 30, 2024, INNOSCIENCE had 319 patents and 430 patent applications worldwide, covering key areas such as chip design, device structure, wafer manufacturing, packaging, and reliability testing. In addition, the company has made significant breakthroughs in the core technology and key processes of 8-inch silicon-based gallium nitride, increasing wafer grain yield by 80%, reducing unit device costs by 30%, and achieving a product yield of over 95%, higher than the industry average. In terms of revenue, in 2023, the company's market share reached 33.7%, ranking first among global gallium nitride power semiconductor companies. As of June 30, 2024, the company's total gallium nitride wafer production capacity has reached 12,500 wafers per month, with a cumulative shipment volume exceeding 850 million.