HK Stock Market Move | INNOSCIENCE (02577) rose by over 11%. The patent infringement case has achieved a final victory and the sale of Infineon gallium nitride products has been banned in China.

INNOSCIENCE (02577) rose more than 11%, as of the end of the article, it rose 11.35% to 64.25 Hong Kong dollars, with a turnover of 337 million Hong Kong dollars. On the news front, on June 12th, the Supreme People's Court officially issued a temporary injunction reconsideration ruling, maintaining the sales ban on Infineon by the Suzhou Intermediate People's Court, which means that from this moment on, Infineon's related gallium nitride products are prohibited from being sold in China. INNOSCIENCE achieved the final victory in the patent infringement case. Previously on May 27th, the Suzhou Intermediate People's Court made a first-instance judgment: it ruled that Infineon had committed infringement, ordered it to immediately cease sales, promised sales, imports and other infringing acts, and compensate INNOSCIENCE for a total of 10 million yuan in economic losses immediately. Public information shows that INNOSCIENCE is the world's first IDM manufacturer to achieve mass production of 8-inch silicon-based gallium nitride wafers, and has since grown to become the leading enterprise in the world in terms of GaN power semiconductor shipment volume and revenue share. Soochow had previously believed that as the penetration rate of GaN in data centers and humanoid Siasun Robot & Automation sectors continues to increase, the company's performance is expected to maintain strong growth momentum.