INNOSCIENCE's stock price soared 5.14% during intraday trading on Monday, extending its recent positive momentum.

The significant upward movement is attributed to several key company-specific developments. Innoscience recently launched its self-developed 1200V Gallium Nitride (GaN) product, which has achieved mass production for medium-to-high power supply applications. The company plans to expand the use of this technology into high-growth sectors such as new energy vehicles and AI data centers. Furthermore, the company reported a strong 142.6% year-over-year surge in GaN module revenue and issued optimistic guidance for the current fiscal year.

Additional positive catalysts include the approval of the company's H-share full circulation filing by regulators, which is expected to eliminate valuation discounts and enhance stock liquidity. Market sentiment was also bolstered by strengthened demand expectations for GaN as a key power device, driven by the upcoming launch of Google's next-generation TPU.