Movement Alert|Innoscience Rises 4.22% in Regular Trading, Semiconductor Sector Rebounds Broadly After Prior Sessions Weakness

Market Focus
Jun 03

On June 3, Innoscience rose 4.22% in regular trading, trading at HK$72.3/share, with trading volume of HK$124 million. The stock rebounded following two consecutive sessions of decline on June 1-2, during which the share price had fallen over 6% cumulatively amid H-share full circulation unlock pressure and sector-wide weakness.

On the news front, the semiconductor sector staged a broad recovery today, with SMIC up 3.48%, Hua Hong Semi up 3.38%, Montage Tech up 7.79%, GigaDevice up 4.43%, and Xizhi Tech up 16.67%. Innoscience's rebound aligns with the sector-wide upturn. Fundamentally, institutional reports from Bank of America and CMBI released in late May continue to underpin the stock's medium-term thesis, highlighting that GaN wide-bandgap semiconductor demand is accelerating its migration from automotive and industrial applications toward AI data center structural demand, with the addressable market projected to expand from US$7.9 billion in 2025 to approximately US$27 billion by 2030.

(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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