SICC (stock code: 02631) experienced a significant surge of 5.74% during intraday trading on Tuesday, as investor sentiment turned positive towards the silicon carbide sector.

The movement appears driven by clear signs of recovery in downstream demand for silicon carbide (SiC) products. The company reported a substantial improvement in its financial performance, with Q1 gross margin increasing by 25 percentage points quarter-over-quarter compared to Q4 of the previous year, confirming a profit recovery trend.

Additionally, SICC maintains strong technological advantages with a 51.3% global market share for its 8-inch SiC substrate and has established partnerships with over half of the world's top ten power semiconductor manufacturers. Institutional research has identified SiC as the most undervalued core theme in the AI sector, with market projections showing growth from US$35 billion to US$124 billion between 2024 and 2030. NVIDIA's initiative to upgrade data center power architecture to 800V high-voltage DC is expected to further drive SiC adoption and value.