HK Stock Market Move | INNOSCIENCE (02577) surged by 14% in the morning, NVIDIA's latest 800V architecture supplier list exposed, the company is the only chip enterprise in China selected.

INNOSCIENCE (02577) surged 14% in the morning session and was up 14.2% as of the time of writing, trading at 50.25 Hong Kong dollars with a turnover of 1.82 billion Hong Kong dollars. On the news front, on August 1st, NVIDIA's official website updated the list of 800V DC power architecture partners, with INNOSCIENCE being the only Chinese chip company selected as a partner. This signifies that the two parties have officially reached a deep cooperation, and will work together to promote the large-scale application of the 800V DC power architecture in AI data centers. This collaboration will increase the computing power density of single data center rooms by over 10 times, help single cabinet power density exceeds 300kW, and drive the global AI data centers into the megawatt-level power supply era. It is worth noting that recently, INNOSCIENCE announced the completion of the placement of 13.58 million new H shares, with a placement price of 40.50 Hong Kong dollars per H share and net proceeds of 543 million Hong Kong dollars. Fubon released a research report indicating that through this fundraising, INNOSCIENCE will address the funding gap of approximately 50 million US dollars expected in 2027. The company is forecasted to have a capital expenditure of 570 million RMB this year, which will increase to 1.4 billion RMB next year. It is believed that INNOSCIENCE will enter the Chinese electric vehicle supply chain in the second half of this year, accelerate capacity expansion next year to support business expansion, ensure supply stability, and enhance confidence of downstream customers such as electric car manufacturers in adopting gallium nitride technology, forming a virtuous cycle.