HK Stock Market Move | EPIWORLD (02726) rose by over 11% to reach a new high in its IPO. The company is an absolute leader in global silicon carbide epitaxy.

EPIWORLD (02726) rose by more than 11%, reaching a high of 141 Hong Kong dollars, setting a new record high. As of the time of writing, it increased by 11.16% to 140.4 Hong Kong dollars, with a turnover of 51.6693 million Hong Kong dollars. On the news front, Nvidia is driving the upgrade of data center power architecture to 800V high-voltage DC, significantly boosting the value and penetration of SiC. In addition, global leading companies such as Foxconn, Bosch, and Samsung are also increasing their focus on SiC. Huaxi pointed out that with the development of AI, there is a significant increase in demand for SiC in AI-related fields, and there is a lot of room for growth in the future. AI-related demand far exceeds traditional markets such as automotive, making SiC likely to become a new focus in AI. This year, SiC has shown a state of reversal, and the market is expected to re-evaluate the SiC industry. Public information shows that EPIWORLD, as the world's largest supplier of silicon carbide epitaxial wafers, is the first domestic enterprise to achieve commercial production of 3-8 inch full-size silicon carbide epitaxial wafers. It led the drafting of the world's first and only SEMI industry standard for silicon carbide epitaxial wafers, with a global market share expected to exceed 30% by 2024, serving 8 of the world's top 10 power device manufacturers.