On June 17, Innoscience (02577.HK) rose 3.48% in regular trading, trading at HK$63.95/share, with turnover of HK$196 million, rebounding from the prior session's 5.13% decline driven by selling pressure concerns.

On the news front, the Supreme People's Court on June 12 formally upheld the Suzhou Intermediate Court's sales ban against Infineon, prohibiting the sale, offering for sale, and importation of Infineon's GaN products in China. This landmark ruling confirmed Innoscience's final victory in the patent infringement case. The court ordered Infineon to immediately cease all infringing activities and pay RMB 10 million in damages. The banned products cover Infineon's 650V/700V high-voltage GaN lineup, which corresponds to approximately RMB 2.8-3.3 billion in annual China revenue across AI server power, industrial power, and automotive OBC applications.

Innoscience is the world's first IDM manufacturer to mass-produce 8-inch silicon-based GaN wafers, currently ranking first globally in GaN power semiconductor shipment volume and revenue share. Despite H-share full circulation selling pressure and an upcoming June 29 lock-up expiry for cornerstone shares held by STMicroelectronics, the patent victory continues to underpin bullish sentiment.

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