On August 13, INNOSCIENCE rose 5.58% in regular trading, trading at 47.14 HKD/share, with turnover of HKD 218 million. The stock was buoyed by a combination of sector-wide strength in semiconductors and company-specific product catalysts.
On the news front, INNOSCIENCE recently launched its 700V integrated half-bridge co-packaged chip, further expanding its home appliance product portfolio. Additionally, GigaDevice's robot joint drive solution GD02 V1.0 selected INNOSCIENCE's GaN chip ISG3204LA for its power drive module, achieving a 70% volume reduction compared to silicon-based discrete solutions and a 20-degree Celsius temperature decrease. This marks a milestone for the company's GaN products landing in the embodied intelligence domain.
Within the Semiconductor sector, the overall sector rallied strongly. Among individual stocks, ILUVATAR COREX up 8.88%, HUA HONG GRACE up 6.02%, SMIC up 3.78%, MONTAGE TECH up 3.53%, GIGADEVICE up 1.94%. Earlier, East Wu Securities initiated coverage on INNOSCIENCE with a Buy rating and a target price of HKD 96.90, citing AI power supply and automotive electronics as key growth drivers.
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