HK Stock Market Move | BASICSEMI (09971) surged over 4% after reaching a cooperation agreement with Hanlei Technology to address the shortfall in 8-inch SiC wafer production capacity.

BASICSEMI (09971) has risen more than 4% again, reaching a new high since its listing. As of the time of publication, it has gained 4.08%, trading at HKD 62.5, with a transaction volume of HKD 10.91 million. In terms of news, on August 4, BASICSEMI announced a strategic cooperation with Hanlei Technology. The two parties will accelerate the development and mass production of 8-inch silicon carbide wafers based on their previous collaboration, and jointly research new compound semiconductor processes and application technologies. Public information shows that in April this year, the trial production of the 8-inch SiC wafer production line co-promoted by Hanlei Technology and World Advanced was completed, with a planned monthly capacity of 1,500 wafers, and mass production is expected to commence in the second half of 2026. Meanwhile, BASICSEMI currently has a 6-inch SiC wafer manufacturing base in Guangming, Shenzhen. This cooperation signifies that BASICSEMI will address its shortfall in 8-inch SiC wafer production capacity and accelerate its market positioning in the end-user sector.