China’s InnoScience Surges 64% After Becoming Nvidia Supplier
Chinese semiconductor firm InnoScience Suzhou Technology Holding Co. saw its stock jump as much as 64% in Hong Kong trading after being officially named as a supplier to Nvidia. The announcement marks a significant milestone for the firm, underscoring its growing role in the global chip supply chain. InnoScience specializes in gallium nitride (GaN) technology, which is crucial for improving power efficiency in high-performance computing systems.
The market reaction highlights investor confidence in China’s semiconductor capabilities and deepens Nvidia’s supply chain in Asia.
This development signals accelerating integration of Chinese tech firms into global AI and semiconductor markets.
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