EPIWORLD (HKEX: 02726) shares surged more than 11%, reaching a new all-time high of HK$141. At the time of writing, the stock was up 11.16% to HK$140.4, with a turnover of approximately HK$51.67 million.
The rally is supported by industry trends, including Nvidia's push for data center power architecture to upgrade to 800V high-voltage DC, which is significantly boosting the value and adoption rate of silicon carbide (SiC). Furthermore, global industry leaders such as Foxconn, Bosch, and Samsung are increasing their focus on SiC technology.
Analysis from Huaxi Securities notes that with the advancement of AI, demand for SiC in AI-related fields has shown significant growth and holds substantial potential for future expansion. AI-related demand far surpasses that of traditional markets like automotive, positioning SiC to potentially become a new primary theme in AI. The SiC sector has already shown signs of a turnaround this year, suggesting the market may re-evaluate and reprice the industry.
Public information indicates that EPIWORLD is the world's largest supplier of silicon carbide epitaxial wafers. It was the first domestic company to achieve commercial mass production of 3- to 8-inch full-size SiC epitaxial wafers. The company led the drafting of the world's first and currently only SEMI industry standard for SiC epitaxial chips. In 2024, it commanded over 30% of the global market share, with its customer base covering 8 out of the world's top 10 power device manufacturers.
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