HK Stock Market Move | TIANYU SEMI(02658) rises more than 10% against the market trend, previously reached a strategic cooperation with South Korean EYEQ Lab, focusing on the supply and application of silicon carbide epitaxial wafers.

TIANYU SEMI (02658) rose more than 10% against the market, with a 10.25% increase to HK$47.96 as of the time of writing, with a turnover of HK$3.8829 million. On the news front, in February of this year, TIANYU SEMI officially signed a strategic cooperation agreement with EYEQ Lab Inc., a leading third-generation semiconductor company in South Korea. The two parties will focus on the supply and application of silicon carbide (SiC) epitaxial wafers, establishing a long-term and stable strategic partnership to enhance the global third-generation semiconductor supply chain layout. Public information shows that EYEQ Lab is a leading company in the field of SiC power semiconductors in South Korea. The company has previously received investment from a subsidiary of Samsung, and Samsung Electronics is also actively expanding its business in the SiC power semiconductor field. The company has set up a new SiC power semiconductor team internally and appointed former director of ON Semiconductor, Hong Seok Joon, as vice president to oversee the related business.