SICC's stock price soared 5.16% during intraday trading on Wednesday, reflecting a significant positive movement for the semiconductor materials company.

The surge appears closely tied to strong quarterly results from industry giant TSMC, which reported net profit and revenue that significantly exceeded market expectations. TSMC explicitly highlighted that advanced packaging capacity remains extremely tight, with a core strategy focused on developing larger-size CoWoS technology. This outlook benefits silicon carbide (SiC) materials, which are expected to be integrated into advanced packaging solutions to address thermal management challenges, driving increased volume expectations for the SiC industry.

SICC, which holds the top global market share for conductive SiC substrates, is positioned to benefit directly from this sector recovery. The company has recently secured collaboration approvals from leading clients including Bosch and onsemi and is actively expanding SiC applications into emerging fields such as AR glasses and advanced packaging. Furthermore, SiC substrate prices have rebounded over consecutive weeks as industry consolidation accelerates.