TIANYU SEMI (02658) defied the trend and closed up by 4.09%! Joining forces with South Korean "chip brain" EYEQ Lab, focusing on the supply of SiC epitaxial wafers.

On February 6th, TIANYU SEMI (02658) showed strong performance in the stock market. The stock price rose steadily in the morning trading session and maintained its position in the afternoon, closing at 48.9 Hong Kong dollars, a 4.09% increase. On the news front, the company issued a voluntary announcement after trading hours, announcing a strategic cooperation agreement with the well-known South Korean semiconductor manufacturer EYEQ Lab. According to the agreement, the two parties will establish a long-term partnership focusing on the supply and application of silicon carbide (SiC) epitaxial wafers. Under the agreement, TIANYU SEMI will provide EYEQ Lab with high-quality SiC epitaxial wafers ranging from 6 to 8 inches and from 650V to 20,000V, suitable for both unipolar and bipolar power electronic devices. EYEQ Lab will prioritize the purchase of SiC epitaxial wafers provided by TIANYU SEMI under the same conditions. The agreement is valid for three years. The board of directors believes that the strategic cooperation with EYEQ Lab is in line with the overall interests of the company and its shareholders, and will help drive the long-term development of the group. Both parties will leverage their respective strengths - relying on the group's industrial capabilities and scale advantages in the field of SiC epitaxial wafers, combined with EYEQ Lab's technical expertise in SiC power device design and manufacturing - to jointly build a long-term stable supply and demand system. This is aimed at accelerating the mass commercialization of the group's products, helping both parties expand their market space, and further solidifying the group's competitive position in the global semiconductor industry chain.