InnoScience stock price surges

InnoScience, a Chinese chipmaker, experienced a significant surge in its Hong Kong stock price, climbing as high as 64%. This spike followed the announcement that Nvidia Corp. had named InnoScience as one of its suppliers for its 800V architecture.

InnoScience operates with an IDM model, integrating chip design, wafer manufacturing, and packaging. The company possesses the world's largest production capacity for 8-inch silicon-based gallium nitride wafers. Its product range covers low to high-voltage GaN power devices. Nvidia's selection of InnoScience aims to enhance AI data centre power capabilities, scaling up to a megawatt supply level. Nvidia plans to roll out an 800V high-voltage DC power supply system in 2027, transitioning from the current 54V rack power supply.

Nvidia's initiative to transition to 800V HVDC data centre power infrastructure by 2027 aims to support IT racks of 1MW and above. This move leverages the experience of 400V and 800V DC in the automotive industry. In 2024, InnoScience's automotive-grade product shipments increased by 986.7%, with AI sector products also entering mass production.