On August 17, INNOSCIENCE rose 5.03% in regular trading, trading at HK$48.9/share, with turnover of HK$246 million.

On the news front, Daiwa recently published a research report noting that as AI data center rack power density advances from approximately 150kW toward 1MW, the existing 400V AC distribution architecture will reach its physical limits. Daiwa forecasts the industry will transition to 800V DC architecture starting in the second half of next year, at which point GaN power device demand will surge significantly.

Daiwa projects that between 2027 and 2030, 800V AI data centers will generate USD 540 million to USD 4.5 billion in GaN power device demand. INNOSCIENCE, as the world's largest GaN power device supplier with approximately 30% market share, holds a distinct competitive advantage. Earlier, Soochow Securities initiated coverage with a Buy rating and a target price of HK$96.90, citing AI power supply and automotive electronics as key growth drivers.

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