HK Stock Market Move | TIANYU SEMI (02658) rose over 6% with 800V HVDC solution expected to advance. The company focuses on self-made silicon carbide epitaxial wafers.

TIANYU SEMI (02658) rose more than 6%, reaching a 5.92% increase at the time of publication, with a price of 51.9 Hong Kong dollars and a trading volume of 3.2783 million Hong Kong dollars. On the news front, it is reported that due to the surge in power consumption of AI data centers, the 800V High Voltage Direct Current (HVDC) power supply architecture is expected to be commercially deployed ahead of schedule. According to reports, the NVIDIA VeraRubin platform and Google's next-generation AI data centers will be the first to adopt this solution, possibly driving a new wave of AI infrastructure upgrades. An open-source securities research report pointed out that silicon carbide is entering a new era of rising demand and prices. NVIDIA is promoting the upgrade of data center power architecture to 800V high voltage direct current, significantly boosting the value and penetration rate of SiC. It is reported that TIANYU SEMI focuses on the production of silicon carbide epitaxial wafers, with production of 4-inch, 6-inch, and 8-inch epitaxial wafers already achieved. According to data from Frost & Sullivan for the year 2024, the company is the largest self-produced silicon carbide epitaxial wafer manufacturer in China and the third largest in the world, with domestic revenue and sales market shares of 30.6% and 32.5% respectively, and global market shares of 6.7% and 7.8% respectively. In February of this year, the company announced the signing of a strategic cooperation agreement with South Korea's EYEQ Lab Inc., focusing on the supply and application of silicon carbide epitaxial wafers.