Shares in BASICSEMI (09971) jumped more than 13% in Hong Kong trading, following the company's announcement of planned price increases for some of its products.

The stock was up 13.53% at HK$39.94 at the time of writing, with a trading turnover of approximately HK$23.45 million.

Price Adjustment Announcement

The company stated that, starting from the third quarter of 2026, it will implement moderate price adjustments on certain product lines. The decision follows a comprehensive assessment of market conditions, cost changes, and overall business strategy.

The move is aimed at supporting continued research and development investment, ensuring product quality, and maintaining supply stability. The anticipated price increases for the affected products are expected to be capped at a maximum of 25%.

Market Context for the Decision

BASICSEMI attributed the pricing action to sustained market demand growth driven by the rapid development of emerging applications such as global artificial intelligence (AI) and new energy vehicles since 2026. This has kept the industry's supply and demand in a tight balance.

Company Profile and Market Position

BASICSEMI is a specialized technology company in China's SiC (silicon carbide) power device sector. Its product portfolio includes SiC power modules, SiC discrete devices, and power semiconductor gate drivers, which are used in applications like new energy vehicles, renewable energy, and industrial control.

According to data from Frost & Sullivan, based on 2024 revenue, the company ranked sixth in the Chinese SiC power module market and third among Chinese enterprises, holding a market share of approximately 2.9%. It also ranked ninth in both the Chinese SiC discrete device and power semiconductor gate driver markets.