HK Stock Market Move | SICC Co., Ltd. (02631) rose more than 14% in the morning trading session. The price of silicon carbide substrates rebounded and the industry is expected to see a turning point in recovery.

SICC Co., Ltd. (02631) rose more than 14% in early trading. As of the time of writing, it has risen by 13.82% to 56.75 Hong Kong dollars, with a turnover of 147 million Hong Kong dollars. On the news front, Crystal Growth & Energy Equipment Inc., the leading manufacturer of silicon carbide crystal growth equipment, announced that there are clear signs of recovery in the silicon carbide substrate market: the price of 6-inch SiC substrates has rebounded significantly, 8-inch products have stabilized and slightly increased, downstream customers have significantly increased orders, and the industry supply-demand situation has greatly improved. This round of price recovery is driven by resonating demand for automotive-grade, energy storage, and AI computing power, coupled with reduced supply after the industry's deep destocking, marking the end of nearly a year of price decline in the silicon carbide industry and officially entering a turning point of price recovery and demand revival. It is worth noting that in May 2025, there were rumors of bankruptcy for Wolfspeed. Galaxy Securities pointed out that by 2025, SICC Co., Ltd. had a market share of 27.6% in conductive silicon carbide substrates, surpassing Wolfspeed to become the global leader. The company's rise in market share not only breaks Wolfspeed's long-standing dominance, but also establishes its leadership position in the silicon carbide substrate industry.