HK Stock Market Move | INNOSCIENCE (02577) rose more than 8% in early trading. Bank of America points out that gallium nitride materials are accelerating the long-term structural shift to AI data centers.

INNOSCIENCE (02577) rose by over 8% in the early trading session, reaching an increase of 8.36% by the time of publication, at 80.45 Hong Kong dollars, with a trading volume of 168 million Hong Kong dollars. According to the latest research report from Bank of America, with the iteration of the NVIDIA GPU platform, the power consumption of data center racks will soar from 10 to 15 kilowatts of traditional servers to over 1.5 megawatts in the Feynman platform era by 2029 to 2030, nearly 100 times higher. The existing power infrastructure is unable to accommodate this demand. Bank of America estimates that the AI data center analog semiconductor addressable market (TAM) will expand from $7.9 billion in 2025 to approximately $27 billion by 2030, with a five-year compound annual growth rate of 28%. Analog chip manufacturers will be the most direct beneficiaries, while wide-bandgap semiconductor materials such as silicon carbide (SiC) and gallium nitride (GaN) will accelerate their migration from the cyclical demand of the automotive and industrial sectors to the long-term structural demand of AI data centers. Public information shows that INNOSCIENCE is the first enterprise globally to achieve mass production of 8-inch silicon-based gallium nitride (GaN-on-Si) IDM (integrated design and manufacturing). With its rich accumulation and experience in the field of gallium nitride, the company has successfully expanded the application boundaries of gallium nitride from consumer electronics to AI data centers, new energy vehicles, and Siasun Robot & Automation joint drive core areas.