TIANYU SEMI (02658) saw its shares rise more than 18% against the broader market trend. As of the time of writing, the stock was up 17.53%, trading at HK$54.3 with a turnover of HK$97.0475 million.
Market sentiment was boosted by reports from media and industry chain sources indicating that Samsung Electronics has resumed discussions with some partners regarding the scale of additional equipment required for silicon carbide (SiC) production and has begun advancing its supply chain development. Industry expectations suggest that Samsung will complete the construction of a SiC pilot line by 2027 and commence mass production in 2028.
Publicly available information shows that TIANYU SEMI is the largest manufacturer of self-produced silicon carbide epitaxial wafers in China and the third largest globally. In February of this year, the company formally entered into a strategic cooperation agreement with South Korea's EYEQ Lab Inc., focusing on the supply and application of silicon carbide epitaxial wafers. It is reported that EYEQ Lab is a leading company in South Korea's third-generation semiconductor SiC power semiconductor sector. The company previously received investment from Patron, a subsidiary of Samsung. Samsung Electronics is also actively expanding its business in the SiC power semiconductor field and has internally established a new SiC power semiconductor team.
Comments