Core Viewpoint - The collaboration between InnoCare (02577.HK) and NVIDIA aims to promote the large-scale implementation of the 800 VDC power architecture in AI data centers, which is designed for high-efficiency power supply in megawatt-level computing infrastructure [1] Group 1: Partnership and Technology - InnoCare has recently partnered with NVIDIA, a global leader in AI technology, to advance the 800 VDC power architecture [1] - The 800 VDC architecture is specifically designed by NVIDIA for future high-efficiency power supply systems, offering significant advantages over traditional 54V systems in terms of efficiency, thermal loss, and reliability [1] - This new power system can support an increase in AI computing power by 100 to 1000 times [1] Group 2: Product Features - InnoCare's third-generation GaN devices exhibit excellent characteristics such as high frequency, high efficiency, and high power density [1] - These GaN devices provide a complete power solution from 800V input to GPU terminals, covering a voltage range from 15V to 1200V [1] Group 3: Future Outlook - The integration of GaN technology with NVIDIA's 800 VDC power architecture is expected to facilitate a leap from kilowatt-level to megawatt-level AI data centers in the coming years [1] - This advancement is set to usher in a more efficient, reliable, and environmentally friendly era of AI computing [1]

InnoScience (Suzhou) Technology Holding Co., Ltd. 英 諾 賽 科（ 蘇 州 ）科 技 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2577） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 承董事會命 英諾賽科（蘇州）科技股份有限公司 董事長兼執行董事 Weiwei Luo博士 中國，2025年8月1日 自願公告 與NVIDIA達成合作 隨着GaN技術與英偉達800 VDC供電架構的融合，未來幾年，AI數據中心將實現 從千瓦級到兆瓦級的飛躍，開啟更高效、更可靠、更環保的AI計算時代。 1 股東及潛在投資者於買賣本公司證券時，務請審慎行事。 本公告由英諾賽科（蘇州）科技股份有限公司（「本公司」）自願作出，旨在使本公司 股東及潛在投資者了解本公司最新業務發展情況。 本公司宣佈，本公司已於近日與全球AI技術領導者NVIDIA（「英偉達」）達成合 作，聯合推動800 VDC ...

Group 1 - InnoCare (2577.HK) experienced a significant surge, rising over 63% to reach a historical high of 72 HKD, with a trading volume expanding to 1.3 billion HKD [1] - InnoCare is the only Chinese chip company listed as a partner in NVIDIA's updated 800V DC power architecture collaboration, indicating a formal deep cooperation between the two [3] - This partnership aims to enhance the scalability of 800V DC power architecture in AI data centers, with expected improvements in computing density by over 10 times and power density exceeding 300 kW per cabinet, marking a transition to megawatt-level power supply for global AI data centers [3]

Core Insights - InnoLux (02577) shares surged by 14.2% to HKD 50.25, with a trading volume of HKD 182 million, following the announcement of a partnership with NVIDIA to promote the 800V direct current (800VDC) power architecture in AI data centers [1] Group 1: Partnership and Technology Advancement - InnoLux is the only Chinese chip company listed as a partner in NVIDIA's updated 800VDC power architecture collaboration, indicating a significant partnership [1] - The collaboration aims to enhance computing density in single data center rooms by over 10 times, enabling power density in single cabinets to exceed 300kW, marking a transition to megawatt-level power supply for global AI data centers [1] Group 2: Financial Developments - InnoLux recently completed the placement of 13.58 million new H-shares at a price of HKD 40.50 per share, raising a net amount of HKD 543 million [1] - According to Jefferies, the funds raised will address an estimated USD 50 million funding gap expected in 2027, with projected capital expenditures increasing from RMB 570 million this year to RMB 1.4 billion next year [1] - The company is expected to enter the Chinese electric vehicle supply chain in the second half of this year, with accelerated capacity expansion planned for next year to ensure supply stability and boost confidence among downstream customers in adopting gallium nitride technology [1]

Group 1 - The Hang Seng Index fell by 0.18%, down 45 points, closing at 24,727 points, while the Hang Seng Tech Index decreased by 0.12% [1] - In the semiconductor sector, InnoSilicon became the only Chinese chip manufacturer included in NVIDIA's latest 800V architecture supplier list, leading to a more than 30% increase in InnoSilicon's stock [1] - The Ministry of Industry and Information Technology issued a special energy-saving inspection task list for the polysilicon industry, boosting the solar panel sector, with notable stock increases for companies like Kaisheng New Energy (up over 5%) and Fuyao Glass (up over 4%) [1] Group 2 - Stone Pharmaceutical Group's stock rose over 6% after announcing a more than $2 billion overseas business development deal [2] - Ruihe Smart's stock surged over 10% following a profit warning, with expected net profits for the first half of the year reaching up to 44 million yuan, marking a turnaround from losses [3] - Inspur Digital Enterprises' stock increased nearly 6%, reaching a new high, with expected net profits for the first half of the year up to 190 million yuan, supported by its parent company Inspur Group [4] Group 3 - Xirui's stock rose over 4%, reaching a new high, as institutions predict rapid growth in the private aviation market [5] - Qiniu Intelligent's stock increased by over 8%, with its AI model user base surpassing 10,000, marking a significant milestone in its AI strategy [6] - Tsugami Machine Tool's stock rose over 5%, with its Japanese division reporting a 38.1% year-on-year increase in profits for the first quarter [7] Group 4 - New Macau International Development's stock fell over 4%, with its subsidiary New Macau Borya reporting a nearly 20% year-on-year decline in net income for the second quarter [7] - Kintor Pharmaceutical's stock plummeted over 16% after the company announced a discounted placement of shares at an 18.75% discount, raising approximately 40.34 million Hong Kong dollars [7]

| | ■ 英語赛科 分时 v 1天:1分K v [o] Ø X VS FID ■ | | | 报价 | 分析 | 资讯 · 评论 · | | --- | --- | --- | --- | --- | --- | --- | | | = + 2 × ▽ ▽ ▽ ▽ ▽ ▽ ▽ ▽ △ △ △ △ △ △ △ △ △ △ △ △ △ △ △ △ △ △ △ △ △ ○ △ ○ △ ○ △ ○ △ ○ ○ △ ○ ○ △ ○ ○ △ ○ ○ △ | | | 02577 英诺塞科 | | (0) | | | | | D 9 G O | 70.4501+26.450 +60.11% | | 交易中 08/01 13:03 | | 70.450 | | | 60.11% | * 2 × × 9 × 9 目 ♥ 白 ♥ き | | ● 快捷交易 | | 68.188 | | | 54.97% | | | | | 65.925 | | | 49.83% | 最高价 70.450 | 开盘价 44.750 | 成交量 1800.07万 | | | | | | 最低价 43.300 | 昨收价 44.000 | 成交额 10 ...

Core Insights - NVIDIA has officially partnered with InnoSilicon, the only Chinese chip company in its 800V DC power architecture collaboration, to promote the large-scale application of 800V DC power architecture in AI data centers [1] - The collaboration aims to enhance the computing power density of single server rooms by over 10 times and support power density exceeding 300kW per cabinet, marking a transition to megawatt-level power supply for global AI data centers [1] Group 1: Market Dynamics - The rapid growth of AI large models and high-performance computing clusters has led to an exponential increase in power consumption, with Gartner predicting that the global AI data center (AIDC) will add 500TWh of electricity annually by 2027, nearly doubling from 2024 [2] - Traditional 54V low-voltage architecture faces physical limits when cabinet power exceeds 200kW, making it inadequate for the energy demands of high-density computing clusters [2] - The 800V DC architecture led by NVIDIA is expected to drive a market for data center power system upgrades worth hundreds of billions in the next 3-5 years, with a penetration rate potentially exceeding 35% [2] Group 2: Technological Innovations - The 800V DC architecture offers two major innovations: direct connection of 13.8kV AC to 800V DC, improving end-to-end energy efficiency by 5%, and reducing copper cable usage by 45%, leading to a 40% reduction in space requirements [4] - Gallium Nitride (GaN) is identified as a key enabler for the 800V architecture, providing a power density of 92.4W/cm³ and allowing for a significant reduction in the physical footprint of power supply modules [2][5] Group 3: InnoSilicon's Competitive Edge - InnoSilicon's selection as a core partner by NVIDIA is attributed to its IDM (Integrated Device Manufacturer) advantages, including a high-yield 8-inch GaN-on-Si production line and a 40% cost reduction [6] - The company’s GaN devices achieve high-frequency efficiency of 98.5% and support a wide voltage range, enhancing overall conversion efficiency from the grid to GPUs [6] Group 4: Future Outlook - The partnership is expected to lead to explosive growth for InnoSilicon, as it provides a full-link GaN power solution for NVIDIA's Kyber rack system, with interest from major tech companies like Microsoft and Google [7] - The large-scale implementation of the 800V DC architecture is projected to reduce total energy consumption in data centers by 20%-30%, cutting carbon emissions by millions of tons annually and reducing space requirements by 40% [7]

工信部印发多晶硅行业专项节能监察任务清单，光伏板块走高。凯盛新能（01108）涨超5%；福莱特玻 璃（06865）涨超4%；新特能源(01799)涨2.4%；协鑫科技(03800)涨0.85%。 智通财经APP获悉，港股恒生指数跌0.18%，跌45点，报24727点；恒生科技指数跌0.12%。港股早盘成 交1198亿港元。 乐道L90上市，蔚来-SW（09866）涨超9%。 中通快递-W(02057)涨超9%，国家邮政局治理快递"内卷式"竞争。 石药集团(01093)涨超6%，此前宣布拿下超20亿美元海外BD交易。 英伟达最新800V架构供应商名单，英诺赛科成中国唯一入选芯片商。英诺赛科（02577）涨超30%。 西锐(02507)涨超4%，股价刷新上市新高，机构称私人航空市场有望迎快速发展。 七牛智能(02567)涨超8%，七牛智能AI大模型用户量破万，公司换道AI战略迎来新里程碑。 津上机床中国(01651)涨超5%，日本津上中国分部第一季度溢利同比增加38.1%。 巨星传奇(06683)再涨超6%，与宇树科技达成战略合作，打造较强IP属性消费级机器人产品。 新濠国际发展(00200)跌超4%，附属新濠博 ...

Core Insights - InnoCare Technology (2577.HK) saw its stock price surge over 14% to HKD 50.25, reaching a new high since March [1] - The company has been listed as the only Chinese chip enterprise in NVIDIA's updated partner list for the 800V direct current power architecture, indicating a deep collaboration between the two [1] - This partnership aims to enhance the scalability of the 800VDC power architecture in AI data centers, significantly increasing computing density and power capacity [1] Company Summary - InnoCare Technology's stock performance reflects positive market sentiment following the announcement of its partnership with NVIDIA [1] - The collaboration is expected to boost the computing density in single server rooms by over 10 times and enable power density in single cabinets to exceed 300kW [1] - This development marks a significant step towards the global AI data center entering the megawatt-level power supply era [1]

消息面上，8月1日，英伟达官网更新800V直流电源架构合作商名录，英诺赛科是本次入选英伟达合作 伙伴中唯一的中国芯片企业。这意味着双方正式达成深度合作，双方将携手推动800V直流（800VDC） 电源架构在AI数据中心的规模化应用。此次合作将单机房算力密度将提升10倍以上，助力单机柜功率 密度突破300kW，推动全球AI数据中心正式迈入兆瓦级供电时代。 智通财经APP获悉，英诺赛科(02577)午前飙升14%，截至发稿，涨14.2%，报50.25港元，成交额1.82亿 港元。 值得注意的是，英诺赛科近期宣布完成配售1358万股新H股，配售价为每股H股40.50港元，募资净额为 5.43亿港元。富瑞发布研报称，通过此次配股集资，英诺赛科将解决2027年预计约5,000万美元的资金缺 口问题，目前预测公司今年资本开支为5.7亿元人民币，至明年将增至14亿元人民币，相信英诺赛科将 于今年下半年打入中国电动车供应链，明年加快产能扩张有助支持相关业务拓展，确保供应稳定性，并 增强下游客户如电动车厂商采用氮化镓技术的信心，形成良性循环。 ...