In China's third-generation semiconductor sector, Hi-Semi Corporation stands out as a frontrunner in the silicon carbide (SiC) epitaxy market, while Innoscience dominates the gallium nitride (GaN) landscape. These two industry giants are making their mark on the capital market through distinct growth trajectories. As the world's premier supplier of SiC epitaxy, Hi-Semi Corporation has embarked on its journey to list on the Hong Kong Stock Exchange. Its products have found widespread applications in cutting-edge fields such as new energy vehicles and photovoltaic power generation. Meanwhile, Innoscience, the global leader in GaN production capacity, has carved out a niche in consumer power supplies and data centers, leveraging its IDM (Integrated Device Manufacturer) full industry chain model. Both companies are reaping the benefits of the swift expansion of transformative trends like AI computing power, green energy, new energy vehicles, and smart grids.