HK Stock Market Move | TIANYU SEMI (02658) rose nearly 8% during trading, reaching a strategic cooperation agreement with EYEQ Lab, focusing on the supply and application of silicon carbide epitaxial wafers.

TIANYU SEMI (02658) rose nearly 8% during trading hours, and at the time of writing, it was up by 5.99% to 52.4 Hong Kong dollars, with a trading volume of 12.6884 million Hong Kong dollars. On the news front, recently TIANYU SEMI announced the signing of a strategic cooperation agreement with EYEQ Lab Inc, a leading third-generation semiconductor company in South Korea. TIANYU SEMI will provide EYEQ Lab with a full range of high-quality SiC epitaxial wafer products, covering 6 to 8 inches in size, with voltage ranging from 650V to 20,000V, suitable for various types of power electronic devices. This will meet EYEQ Lab's product development and mass production needs in different application scenarios. Under the same terms and conditions, EYEQ Lab will prioritize the purchase of SiC epitaxial wafers provided by TIANYU SEMI, strengthening the collaboration between the two companies. According to public information, silicon carbide (SiC) as a third-generation semiconductor material, is widely used in new energy vehicles, power supply, and rail transportation due to its high temperature resistance, high pressure resistance, and high-frequency characteristics. It is the core raw material for power semiconductor devices. According to Frost & Sullivan data, by 2024, in the global self-made SiC epitaxial wafer market, the company's revenue accounts for 6.7%, and sales account for 7.8%, ranking third in China. The Chinese market accounts for 30.6% of revenue and 32.5% of sales in 2024, making it the largest self-made SiC epitaxial wafer manufacturer in China.