Guangdong Tianyu Semiconductor (HKG:2658) is partnering with Qinghe Jingyuan Semiconductor Technology (Group) on a strategic cooperation focused on bonding materials, according to a Hong Kong bourse filing Friday.

Shares of the silicon carbide epitaxial wafer manufacturer gained nearly 6% in late morning trade Monday.

Under the three-year agreement, both sides will collaborate on the process development and technological iteration of bonding materials, the firm said.