Movement Alert|Novosense Rises 5.14% in Regular Trading, AI Server GaN Chip Batch Shipment News Fuels Rebound

Market Focus
Jun 30

On June 30, Novosense (02676.HK) rose 5.14% in regular trading, trading at 202.4 HKD/share, with turnover of approximately 21.27 million HKD. The stock had previously suffered consecutive sharp declines, falling 12.62% on June 26 and 5.84% on June 29, accumulating significant losses amid a global chip selloff triggered by Apple's price hikes due to memory chip shortages and broader market turmoil.

On the news front, the company disclosed on June 29 via an investor relations platform that its high-voltage GaN driver chips targeting AI server power supply applications have all achieved batch shipments. Additionally, its mid-to-low voltage GaN co-packaged products have completed sample testing with target customers in the AI power domain. The company also confirmed that its CMOS-MEMS monolithic integrated product NSHT30A is currently in a trial mass production phase.

Within the Semiconductors sector, the overall tone was mixed. Among peers, SMIC rose 2.36%, Hua Hong Grace gained 1.18%, Montage Tech edged up 0.22%, while GigaDevice fell 3.63%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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