Core Viewpoint - The partnership between InnoPhase and NVIDIA marks a significant advancement in the development of 800V direct current (DC) power architecture for AI data centers, which is expected to enhance efficiency and reliability in power supply systems [3][6]. Group 1: Stock Performance - On August 1, InnoPhase's stock price surged, reaching a peak increase of over 60%, with a market capitalization exceeding 640 billion HKD [1][5]. - The stock closed with a 30.91% increase at 57.6 HKD per share, with a trading volume that exceeded 42 billion HKD, representing an increase of over 1800% compared to the previous trading day [5]. Group 2: Partnership Details - InnoPhase has been officially recognized as a chip supplier for NVIDIA's 800V DC power architecture, indicating a deep collaboration aimed at scaling this technology in AI data centers [3][6]. - The 800V DC architecture is designed to support the increasing power demands of modern AI workloads, transitioning from traditional 54V systems to accommodate megawatt-scale racks starting in 2027 [5][6]. Group 3: Technological Advancements - InnoPhase's third-generation GaN devices are noted for their high efficiency and power density, providing a comprehensive power solution from 800V input to GPU terminals, covering a range from 15V to 1200V [6][10]. - The integration of GaN technology with NVIDIA's 800V DC architecture is expected to facilitate a leap from kilowatt to megawatt capabilities in AI data centers, promoting a more efficient and environmentally friendly computing era [6][11]. Group 4: Company Background - InnoPhase, established in December 2015, focuses on the research and industrialization of third-generation semiconductor silicon-based gallium nitride (GaN) [9]. - The company operates under an IDM model, encompassing chip design, epitaxial growth, manufacturing, testing, and failure analysis, and holds the largest production capacity for 8-inch silicon-based GaN wafers globally [9]. Group 5: Financial Performance - InnoPhase reported a revenue of 829 million CNY for 2024, reflecting a year-on-year growth of 39.8%, driven by increased market demand [11]. - The company experienced a net loss of 1.046 billion CNY in 2024, slightly improved from a loss of 1.102 billion CNY in the previous year [11].

人民财讯8月1日电，英诺赛科在港交所公告，公司已于近日与NVIDIA(英伟达)达成合作，联合推动 800VDC(800伏直流)电源架构在AI数据中心的规模化落地。该架构是英伟达针对未来高效供电兆瓦级计 算基础设施而专门设计的新一代电源系统，相比传统54V电源，在系统效率、热损耗和可靠性方面具有 显著优势，可支持AI算力100—1000倍的提升。 ...

Core Viewpoint - The company InnoPhase (02577) has announced a collaboration with NVIDIA to promote the large-scale implementation of the 800VDC power architecture in AI data centers, which is designed for efficient power supply in future megawatt-level computing infrastructures [1] Group 1: Collaboration and Technology - The partnership aims to leverage NVIDIA's new generation 800VDC power system, which offers significant advantages in system efficiency, thermal loss, and reliability compared to traditional 54V power systems [1] - The 800VDC architecture is expected to support a 100 to 1000 times increase in AI computing power [1] Group 2: Product Features - The company's third-generation GaN devices provide excellent high frequency, high efficiency, and high power density characteristics, offering a complete GaN power solution from 800V input to GPU terminals, covering 15V to 1200V [1] Group 3: Future Outlook - The integration of GaN technology with NVIDIA's 800VDC power architecture is anticipated to enable a leap from kilowatt-level to megawatt-level AI data centers in the coming years, ushering in a more efficient, reliable, and environmentally friendly era of AI computing [1]

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]

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]

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]

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。 ...

人民财讯8月1日电，8月1日，英伟达（NVIDIA）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（800 VDC）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。 转自：证券时报 ...