Innoscience, a leading Chinese GaN specialist, plans to expand its monthly production of 8-inch (200mm) wafers from 13,000 to 20,000 by the end of 2025, advancing toward its five-year target of 70,000 wafers per month. As the first IDM to mass-produce 8-inch GaN-on-silicon wafers, Innoscience's expansion highlights the growing global pivot to GaN technologies in power electronics

Meituan has made another move in the robotics sector, investing US$100 million in Galaxea AI, its second major robotics deal in two months following a stake in Independent Variable Robot Technology (Jinan) Co., according to Yicai. The investment underscores Meituan's deepening commitment to embodied intelligence amid a broader robotics market challenged by slowing funding, mounting losses, and heightened competition