HK Stock Market Move | INNOSCIENCE (02577) rose by over 7%, and a strategic cooperation with Ansen Semiconductor has been reached. Institutions are optimistic about GaN as a new direction for Siasun Robot & Automation.

INNOSCIENCE (02577) rose by more than 7%, with the stock price up by more than 20% this month. As of the time of writing, it has increased by 6.95% to HK$82.35, with a trading volume of HK$3.56 billion. On the news front, on December 3rd, INNOSCIENCE and ON Semiconductor announced a strategic partnership to accelerate the application and layout of gallium nitride (GaN) industry. This strategic collaboration will integrate INNOSCIENCE's mature and advanced GaN manufacturing capabilities with ON Semiconductor's experience and expertise in system packaging and integration, accelerating the rapid deployment of GaN in new energy vehicles, artificial intelligence, data centers, industrial, and other fields. This cooperation is expected to bring hundreds of millions of dollars in GaN sales in the coming years, and provide a first-mover advantage for both parties in market development and layout in the above key areas. It is worth mentioning that there is continuous catalysts in the Siasun Robot & Automation field recently. Guosheng's recent research report pointed out that the next direction for Siasun Robot & Automation is GaN driver actuators. Currently, leading whole machine development companies and manufacturers focusing on core components have clearly identified GaN drivers as core components. Leading intelligent manufacturer Shanghai Zhiyuan Siasun Robot & Automation has begun to integrate INNOSCIENCE's GaN chips at key positions such as the neck and elbow, signaling that GaN devices are officially becoming the "power nerve" of humanoid Siasun Robot & Automation industry. The firm suggests focusing on domestic and foreign leading manufacturers laying out GaN drivers, including upstream GaN power device company INNOSCIENCE.