Shares of EPIWORLD (HKEX: 02726) rose more than 7% during early trading, and as of the latest update, the stock is up 4.55% to HK$117.1, with a trading turnover of HK$21.84 million.
On the news front, reports indicate that since the fourth quarter of 2025, the pace of new wafer capacity expansion in the silicon carbide (SiC) industry has moderated. Meanwhile, the three main application markets—automotive, photovoltaics and storage, and charging infrastructure—have remained in a high-growth cycle, driving sustained rapid growth in demand for domestic SiC MOSFET devices.
Concurrently, demand from emerging application scenarios such as consumer electronics and AI has surged. This, combined with overall price increase expectations in the semiconductor industry, has heightened inventory-building demand among end manufacturers, collectively pushing the silicon carbide industry's prosperity to a continued upward trend.
A research report from a securities firm noted that EPIWORLD is a global leader in the silicon carbide epitaxial wafer industry. The company's core business involves the research, development, mass production, and sales of silicon carbide epitaxial chips, which are used in power device manufacturing and serve downstream sectors including electric vehicles, charging infrastructure, renewable energy, and energy storage systems.
According to data from a consulting firm, starting from 2023, the company has been the world's largest silicon carbide epitaxial supplier by annual sales volume, commanding a market share exceeding 30% in 2024.
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