HK Stock Market Move | BASICSEMI (09971) rose by over 13%, and the price of some products is expected to be increased by a maximum of 25% from Q3.

BASICSEMI (09971) rose more than 13%, as of the time of writing, up 13.53% at HKD 39.94, with a turnover of HKD 23.4483 million. On the news front, BASICSEMI announced that since 2026, with the rapid development of emerging applications such as artificial intelligence (AI) and new energy vehicles worldwide, market demand has continued to grow, maintaining a tight supply-demand balance. After a comprehensive assessment of market conditions, cost changes, and overall operational strategies, the group will adjust the selling prices of certain products moderately starting from the third quarter of 2026 to support continuous research and development investment, ensure product quality, and maintain supply stability. The maximum expected price increase for some products is not to exceed 25%. It is reported that BASICSEMI is a specialized technology company in the field of SiC power devices in China, with products covering SiC power modules, SiC discrete devices, and power semiconductor gate drivers, applied in scenarios such as new energy vehicles, renewable energy, and industrial control. Based on revenue in 2024, according to data from Frost & Sullivan, the company ranks sixth in the Chinese SiC power module market and third among Chinese companies, with a market share of approximately 2.9%; and ranks ninth in the Chinese SiC discrete devices and power semiconductor gate driver markets.