Core Viewpoint - The stock of InnoPhase surged significantly after NVIDIA announced its partnership with the company to promote the 800V DC power architecture for AI data centers, indicating a strong market response to the collaboration [1][2][3]. Group 1: Stock Performance - On August 1, InnoPhase's stock price reached a high of 72 HKD per share, with an intraday increase of 63.64%, closing at 57.6 HKD, a 30.91% rise, and a total market capitalization of 515 billion HKD [2]. - The trading volume for InnoPhase exceeded 42 billion HKD, representing an increase of over 1800% compared to the previous trading day [2]. Group 2: Partnership with NVIDIA - NVIDIA's website updated its list of partners for the 800V DC power architecture, including InnoPhase as a chip supplier, marking a formal collaboration to scale the application of this technology in AI data centers [1][2][3]. - The 800V DC power architecture is designed to support the increasing power demands of AI workloads, transitioning from traditional 54V systems to accommodate megawatt-scale racks starting in 2027 [2]. Group 3: Technological Advancements - InnoPhase's third-generation GaN devices offer high frequency, efficiency, and power density, providing a comprehensive GaN power solution for NVIDIA's 800V DC architecture, which is expected to enhance AI computing capabilities significantly [3]. - The collaboration aims to facilitate a transition from kilowatt to megawatt-level AI data centers, promoting a more efficient, reliable, and environmentally friendly computing era [3]. Group 4: Company Background - InnoPhase, established in December 2015, focuses on the research and industrialization of third-generation semiconductor silicon-based GaN, employing an IDM model that encompasses chip design, manufacturing, and testing [5]. - The company holds nearly 700 patents and offers a range of GaN products applicable in various sectors, including consumer electronics, renewable energy, and automotive electronics [5]. Group 5: Recent Developments - InnoPhase recently announced the launch of its 1200V GaN product, which enhances energy conversion efficiency and miniaturization, applicable in electric vehicles and AI data centers [6]. - The company also formed a joint laboratory with United Automotive Electronics to develop advanced power electronic systems for electric vehicles using GaN technology [7].

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].

Core Viewpoint - The company has announced the launch of its self-developed 1200V Gallium Nitride (GaN) product, which offers significant advantages in high-voltage and high-frequency applications due to its wide bandgap characteristics and zero reverse recovery charge [1] Group 1: Product Features - The 1200V GaN product enhances energy conversion system efficiency and miniaturization [1] - It is validated by customers and has achieved mass production in medium to high power supply applications [1] Group 2: Application Areas - The product is expected to be widely used in electric vehicles, industrial applications, and AI data centers [1] - Future applications will focus on the automotive and AI data center sectors [1]