Hong Kong-listed InnoScience hits two-week high on onsemi tie-up

InnoScience Suzhou Technology Holding Co

04/12/2025 02:29

** Shares of InnoScience (Suzhou) Technology 2577.HK jump 6.5% to HK$78.15, their highest level since November 20

** Stock on course for the biggest one-day pct rise since October 27

** China-based gallium nitride on silicon (GaN-on-Si) semiconductor product producer announced strategic cooperaton agreement with onsemi ON.O to jointly accelerate application and deployment of the GaN industry

** InnoScience's GaN manufacturing capabilities will be integrated with onsemi's experience in system packaging and integration, to accelerate implementation of GaN in new energy vehicles, artificial intelligence, data centres and industry - InnoScience

** InnoScience expects the deal to bring hundreds of millions of US dollars in GaN sales in coming years to the company while providing a first-mover advantage for both parties in market development and deployment in key areas - InnoScience

** YTD, InnoScience stock up 140.6%, Hang Seng TECH Index .HSTECH up 23.6%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))