HK Stock Market Move | SUN.KING TECH (00580) rises by more than 9%, the company's silicon carbide products have reached the international mainstream level, and will increase the research and development of MOSFET chips within the year.

SUN.KING TECH (00580) rose more than 9%, as of the time of writing, it had risen by 9.72% to 2.37 Hong Kong dollars, with a trading volume of 26.2702 million Hong Kong dollars. On the news front, recently, SUN.KING TECH stated on the roadshow platform that the company's self-developed power semiconductor core technology team originates from Switzerland, including a former Vice President of ABB Semiconductors, and the head of third-generation semiconductors, focusing on the research and development of high-power devices at medium voltages. The product range covers chips and modules, with IGBT technology iterated up to the seventh generation, and only a few domestic competitors have the capability for mass production. Its silicon carbide products have reached international mainstream levels. In addition, the company will increase its research and development of IGBT and silicon carbide MOSFET chips by 2026, especially for the use of 2300V chips in data centers and wind power fields. It is reported that SUN.KING TECH's subsidiary, SIC Crystal Semiconductor, has previously signed a strategic cooperation agreement with San'an Optoelectronics in Hunan. The two parties complement each other's strengths in SiC material and module packaging, aiming to accelerate the localization process of SiC chips and enhance cost competitiveness.