HK Stock Market Move | TIANYU SEMI(02658) rose more than 12% during trading, global major companies are paying more attention to SiC, according to reports, Samsung is restarting its SiC business.

TIANYU SEMI (02658) rose more than 12% intraday as of the time of writing, up 10.97% to 53.2 Hong Kong dollars, with a turnover of 133.442 million Hong Kong dollars. On the news front, it was reported that Samsung Electronics has officially restarted its silicon carbide (SiC) semiconductor business and has partnered with materials, equipment, and component manufacturers to advance the construction of an 8-inch SiC production line. Huaxi pointed out that with the rapid growth in downstream application demand, major global manufacturers are increasing their focus on SiC and investing in SiC chip production lines, which is expected to catalyze additional demand for upstream substrates and equipment. Public information shows that TIANYU SEMI is China's largest and the world's third-largest manufacturer of self-made silicon carbide epitaxial wafers. In February of this year, TIANYU SEMI signed a strategic cooperation agreement with South Korean company EYEQ Lab Inc., focusing on the supply and application of silicon carbide epitaxial wafers. EYEQ Lab is a leading company in the field of SiC power semiconductors in South Korea. The company has previously received investment from a Samsung subsidiary, Patron, and Samsung Electronics is also actively expanding its business in the SiC power semiconductor field, having established a new SiC power semiconductor team internally.