TIANYU SEMI Defies Market Trend with 4.09% Gain; Partners with South Korea's EYEQ Lab on SiC Epitaxial Wafer Supply

Stock News
02/06

On February 6, TIANYU SEMI (02658) demonstrated strong stock performance. Its share price climbed steadily during the morning session and maintained high-level fluctuations in the afternoon. By the market close, the shares were quoted at HK$48.9, registering a gain of 4.09% against the overall market trend. Following the market close, the company issued a voluntary announcement revealing the signing of a strategic cooperation agreement with the renowned South Korean semiconductor manufacturer EYEQ Lab. The agreement establishes a long-term partnership between the two parties, with a primary focus on in-depth collaboration surrounding the supply and application of silicon carbide (SiC) epitaxial wafers. According to the announcement, TIANYU SEMI will supply EYEQ Lab with high-quality SiC epitaxial wafers. These wafers will cover specifications from 6-inch to 8-inch sizes and voltage ranges from 650V to 20,000V, making them suitable for both unipolar and bipolar power electronic devices. Under the agreement, EYEQ Lab will give priority to purchasing the silicon carbide epitaxial wafers provided by TIANYU SEMI under equivalent conditions. The agreement is valid for a term of three years. The Board of Directors believes that the strategic cooperation with EYEQ Lab aligns with the overall interests of the company and its shareholders and is beneficial for promoting the long-term development of the Group. Both parties will leverage their respective strengths—the Group's industrial capabilities and scale advantages in the SiC epitaxial wafer sector, combined with EYEQ Lab's technical expertise in the design and manufacturing of SiC power devices. This collaboration aims to establish a long-term, stable supply and demand synergy. The move is intended to accelerate the large-scale commercial application of the Group's products, assist both parties in expanding their market presence, and further solidify the Group's competitive position within the global semiconductor industry chain.

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