Core Viewpoint - InnoLux (02577) is recognized as a leading player in the GaN power semiconductor market, holding a 30% global market share in revenue last year, with a strong long-term growth outlook driven by a rapidly expanding market and strategic partnerships [1] Company Summary - InnoLux's stock rose over 5%, currently trading at 75.9 HKD with a transaction volume of 106 million HKD [1] - Bank of America Securities initiated coverage with a "Buy" rating and a target price of 108 HKD [1] - The forecasted revenue compound annual growth rate (CAGR) for InnoLux from 2024 to 2027 is 72% [1] Industry Summary - The global GaN power semiconductor market is expected to grow at a CAGR of 63% from 2024 to 2028 [1] - InnoLux's profitability is anticipated to improve due to economies of scale and technological innovations [1] - A collaboration with NVIDIA to develop an 800V HVDC architecture is expected to enhance revenue potential starting in 2027 [1]

Core Viewpoint - Bank of America Securities initiates coverage on Innoscience Technology (02577) with a "Buy" rating and a target price of HKD 108, highlighting its leadership in the GaN power semiconductor market with a 30% global market share by revenue last year [1] Group 1: Company Overview - Innoscience Technology is recognized as a leading company in the GaN power semiconductor sector [1] - The company achieved a global market share of 30% in the GaN power semiconductor market last year [1] Group 2: Market Growth Potential - The global GaN power semiconductor market is expected to grow at a compound annual growth rate (CAGR) of 63% from 2024 to 2028 [1] - Bank of America Securities forecasts a revenue CAGR of 72% for Innoscience Technology from 2024 to 2027 [1] Group 3: Profitability and Collaborations - Scale economies and technological innovations are anticipated to continuously improve profitability for Innoscience Technology [1] - The collaboration with NVIDIA to develop an 800V HVDC architecture is expected to enhance revenue potential starting in 2027 [1] - The projected net profit margin for Innoscience Technology in 2027 is estimated to be 12.1% [1]