TIANYU SEMI (02658) rose more than 7%, with gains reaching 7.34% at the time of writing to HK$47.66. The trading volume was HK$5.415 million. On the news front, TSMC released its first-quarter 2026 results and held an analyst meeting on April 16, stating that artificial intelligence demand is extremely strong and chip demand will continue to remain robust. Huatai Securities believes that since the second half of 2025, the rapid emergence of AI chat services, represented by Doubao, and Agent AI applications, represented by "Xiaolongxia," are driving rapid growth in domestic inference computing power demand. Previously, TIANYU SEMI released its 2025 financial results, reporting annual revenue of 709 million yuan, a year-on-year increase of 36.49%. The company attributed the revenue growth primarily to a volume-driven sales strategy that significantly boosted sales volume, especially for 6-inch and 8-inch silicon carbide epitaxial wafers, although this was partially offset by a decline in the average selling price of silicon carbide epitaxial wafers. Increased revenue from providing foundry services and other businesses also contributed. On the capacity front, the company's new production base in the Dongguan Ecological Park has commenced operations, making TIANYU SEMI one of China's key manufacturers with large-scale production capacity for both 6-inch and 8-inch epitaxial wafers.
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