HK Stock Market Move | INNOSCIENCE(02577) rose more than 14% again, breaking through the peak. Server power supply system benefits from AIDC volume expansion. The prospects for gallium nitride power semiconductors are promising.

INNOSCIENCE (02577) rose more than 14% in the afternoon, hitting a new high of HK$64.8, with a total market value exceeding HK$56 billion. As of the time of writing, it rose 12.44% to HK$63.7, with a turnover of HK$24.2338 million. On the news front, internet giants are increasing their investment in AI. Shenwan Hongyuan Group stated that ByteDance had previously promoted the improvement of the industrial chain, predicting that Alibaba, Tencent, and others are expected to increase their investments one after another, boosting the prosperity of the entire industrial chain. Changjiang pointed out that servers are the main power consumption source for AI data centers, so the power supply system around servers is expected to benefit significantly from the trend of AIDC volume growth. It is reported that the application of gallium nitride power semiconductors in the data center field includes power devices and intermediate bus converters, mainly meeting the demand for more efficient and compact power solutions. The application of gallium nitride power semiconductors will become one of the key technologies to optimize data center energy efficiency. Public information shows that INNOSCIENCE is the world's first company to achieve mass production of 8-inch silicon-based gallium nitride wafers, as well as the only company globally with industrial-scale production of silicon-based gallium nitride semiconductor products covering the entire voltage spectrum, having the world's largest gallium nitride power semiconductor production base.