Group 1 - InnoLux (02577) saw a nearly 15% increase in stock price, reaching HKD 77.5 with a trading volume of HKD 729 million [1] - NXP has confirmed the closure of its "Echo" wafer fab in Chandler, Arizona, with the last batch of wafers expected in Q1 2027 [1] - TSMC will completely exit the GaN foundry business by mid-2027, having announced a gradual withdrawal in July 2025 [1] Group 2 - NVIDIA has announced partnerships with over ten companies, including CoreWeave and Oracle, to prepare for ultra-high-density computing environments with 800V DC power architecture and 1 MW power density per rack [1] - In August, InnoLux became the only Chinese chip company to join NVIDIA's 800V DC power architecture partnership, providing a full-chain GaN solution for AI data centers, enabling power density breakthroughs of 300 kW per rack [1]

Group 1 - InnoCare (02577) shares rose over 4%, currently up 4.23% at HKD 74, with a trading volume of HKD 238 million [1] - InnoCare announced the completion of a placement of 20.7 million new H-shares, raising approximately HKD 1.55 billion net [1] - The funds will be allocated as follows: HKD 482 million for capacity expansion, HKD 376 million for repaying interest-bearing debts, and HKD 692 million for working capital and general corporate purposes [1] Group 2 - The placement is expected to enhance the company's financial strength, market competitiveness, and overall capabilities, promoting long-term healthy development [1] - Citi released a report stating that Nvidia is promoting a new 800VDC AI server architecture, which could improve power efficiency and is expected to launch in 2027 [1] - The design demonstrates the demand for gallium nitride (GaN) in AI servers, with an estimated total addressable market (TAM) of USD 10 billion [1] Group 3 - InnoCare is the only supplier capable of providing a complete GaN solution in collaboration with Nvidia, holding a 30% market share [1] - The potential revenue share for InnoCare is estimated at RMB 21 billion [1] - Citi has raised its forecast and target price for InnoCare to HKD 113.6, reiterating a "outperform" rating [1]

Core Viewpoint - InnoCare (02577) has seen a stock increase of over 4%, currently trading at 74 HKD, with a transaction volume of 238 million HKD. The company has completed the placement of 20.7 million new H-shares, raising approximately 1.55 billion HKD in net proceeds, which will be used for capacity expansion, debt repayment, and working capital [1][1][1]. Group 1 - InnoCare plans to allocate 482 million HKD for capacity expansion, 376 million HKD for repaying interest-bearing debts, and 692 million HKD for working capital and general corporate purposes [1][1][1]. - The placement is expected to enhance the company's financial strength, market competitiveness, and overall capabilities, promoting long-term healthy development [1][1][1]. Group 2 - According to a report from Citi, Nvidia is promoting a new 800 VDC AI server architecture that could improve power efficiency and is expected to be launched in 2027. This design indicates a demand for gallium nitride (GaN) in AI servers, with an estimated total addressable market (TAM) of 10 billion USD [1][1][1]. - InnoCare is collaborating with Nvidia and is the only supplier capable of providing a complete GaN solution, holding a 30% market share, which translates to a potential revenue share of 21 billion RMB [1][1][1]. - Citi has raised its forecast and target price for InnoCare to 113.6 HKD, reiterating a "outperform" rating [1][1][1].

Core Viewpoint - The report from Citi highlights NVIDIA's promotion of a new 800VDC AI server architecture aimed at improving power efficiency, expected to launch in 2027 [1] Group 1: Market Potential - The design demonstrates the demand for gallium nitride (GaN) in AI servers, with an estimated total addressable market (TAM) of $10 billion [1] - Innovasea, in collaboration with NVIDIA, is identified as the only supplier capable of providing a complete GaN solution [1] Group 2: Company Performance - Innovasea holds a 30% market share, translating to a potential revenue share of approximately $21 billion [1] - Citi has raised its target price for Innovasea to HKD 113.6, reiterating a "outperform" rating [1]