BASICSEMI Stock Surges Nearly 9% Intraday, Hitting New Record High Following Price Increase Announcement

Shares of BASICSEMI (HKEX: 09971) climbed nearly 9% during the trading session, reaching a new all-time peak of HK$48.

The stock was last seen trading around HK$46, marking a gain of over 4% with a turnover exceeding HK$41.35 million.

Price Adjustment Announcement

The recent surge follows the company's announcement of a planned price adjustment for select products.

Effective from the third quarter of 2026, BASICSEMI will implement moderate price increases on certain items, with the maximum adjustment not exceeding 25%.

The price revisions will apply to its core product lines, including automotive-grade and industrial-grade silicon carbide power semiconductor modules, discrete semiconductor devices, and power semiconductor gate driver chips.

Market Drivers and Analyst Perspective

Industry data indicates that silicon carbide power devices are benefiting from rising demand across several key sectors.

These include high-voltage platforms for new energy vehicles, photovoltaic energy storage systems, and upgrades in industrial and server power supplies.

Analysts note that BASICSEMI represents a relatively rare pure-play silicon carbide power device company in the Hong Kong stock market.

The firm's investment appeal is seen to stem from the expansive industry growth potential, the narrative of domestic substitution, and its progress in securing automotive-grade certifications.

These factors are also considered pivotal in supporting the company's valuation during its recent initial public offering.