Movement Alert|SICC Rises 5.82% in Regular Trading, AI Power Demand Catalyzes SiC Sector as Company Confirms High-Voltage Layout Acceleration

Market Focus06-22

On June 22, SICC (Tankeblue Advanced) rose 5.82% in regular trading, reaching HK$104.7 per share, with turnover of HK$50.10 million.

On the news front, the company recently confirmed on its investor relations platform that it is steadily advancing client engagement and product verification for SiC substrate applications in the high-voltage, high-power domain. Morgan Stanley previously raised its target price from HK$86.6 to HK$106.6, maintaining an Overweight rating, with the projected price-to-sales ratio lifted from 12x to 14x.

The rally is further supported by NVIDIA's push to upgrade data center power architectures to 800V high-voltage direct current, significantly boosting SiC substrate demand. According to industry research, the SiC market is projected to grow from US$3.5 billion to US$12.4 billion between 2024 and 2030, with AI infrastructure contributing nearly half of total demand. SICC holds a 51.3% global market share in 8-inch SiC substrates, with its 12-inch products having indirectly entered the NVIDIA supply chain.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment