Innoscience (02577) soared more than 5% during late trading. At press time, shares climbed 2.97% to HK$38.1, with turnover reaching HK$102 million.
Global foundry leader TSMC recently confirmed plans to gradually exit gallium nitride (GaN) wafer production over the next two years. Innoscience Chairwoman Luo Weiwei asserted that GaN wafer manufacturing is incompatible with the foundry model, characterizing TSMC's withdrawal as an industry-specific strategic pivot.
Concurrently, Innoscience disclosed plans to substantially expand 8-inch wafer capacity. Monthly output is projected to surge from 13,000 wafers currently to 20,000 by year-end. The company's previously announced mid-term target envisions 70,000 monthly wafers within five years—representing a fivefold increase over present volumes.
Through capacity scaling and product evolution, Innoscience aims to establish decisive performance and cost advantages over conventional silicon-based power semiconductors. These advancements could yield up to 40% performance enhancement and 30% cost reduction for clients.
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