HK Stock Market Move | BASICSEMI (09971) rose over 4% and has reached a strategic cooperation with Hanlei Technology to accelerate the development and mass production of 8-inch silicon carbide wafers.

BASICSEMI (09971) rose over 4%, and as of the time of publication, it is up 3.47% at HKD 53.65, with a transaction volume of HKD 1.6815 million. In terms of news, BASICSEMI announced that on August 4, 2026, the company has reached a strategic cooperation agreement with Hanlei Technology Co., Ltd. (Hanlei Technology, a company established in Taiwan, China, whose shares are listed on the Taiwan Stock Exchange, stock code: 3707.TW). The company's board of directors believes that this strategic cooperation is expected to provide advanced and sufficient 8-inch silicon carbide wafer manufacturing capabilities for the company in the coming years, which will facilitate significant breakthroughs for both parties in market development and technological iterations. In this strategic cooperation, both parties will accelerate the development and mass production of 8-inch silicon carbide wafers based on their previous long-term collaboration. Leveraging BASICSEMI's advanced product technology and market advantages, along with Hanlei Technology's high-quality large-scale wafer manufacturing capabilities, they will work together to promote the development of new process platforms and the realization of mass production, enhancing the market share of silicon carbide products in fields such as new energy vehicles and AI computing centers. In addition, both parties will conduct research on core processes and application technologies for new compound semiconductors in cutting-edge application areas.