Changes in Hong Kong stocks | Innoseco (02577) rose nearly 7% in the afternoon and joined hands with Ansemi to build a gallium nitride industry ecosystem and plan to provide samples in the first half of next year

The Zhitong Finance App learned that InnoSec (02577) rose nearly 7% in the afternoon. As of press release, it had risen 6.49% to HK$86.1, with a turnover of HK$361 million.

According to the news, Ansemi and Innosecco announced the signing of a memorandum of understanding to lay out market opportunities for gallium nitride (GaN) power devices. Ansemi expects to start providing samples in the first half of 2026. The cooperation between the two parties will begin with 40-200V power devices to increase customer adoption.

Innosecco also said that by adopting the company's mature 8-inch silicon-based gallium nitride process, the two sides will integrate Innosecco's mature and advanced gallium nitride manufacturing capabilities and Ansemi Semiconductors' experience and advantages in system packaging and integration to accelerate the rapid implementation of GaN in the fields of new energy vehicles, artificial intelligence, data centers, and industry. This strategic cooperation is expected to bring the company hundreds of millions of dollars in gallium nitride sales in the next few years, and provide opportunities for both partners to develop and lay out markets in these key areas.