Shares of TIANYU SEMI (02658) surged more than 6% in today's session.

At the time of writing, the stock was up 5.92% to HK$51.9, with a turnover of HK$3.2783 million.

Key Catalysts for the Move

Reports indicate that due to the dramatic increase in power consumption by AI data centers, the commercial implementation of an 800V high-voltage direct current (HVDC) power supply architecture is expected to be accelerated.

It is reported that Nvidia's Vera Rubin platform and Google's next-generation AI data centers will be among the first to adopt this solution, potentially driving a new wave of upgrades in AI infrastructure.

A research report from Kaiyuan Securities points out that silicon carbide (SiC) is entering a new phase of growth in both volume and value.

Nvidia's push to upgrade data center power architectures to 800V HVDC is significantly boosting the value and penetration rate of SiC.

Company Background and Market Position

TIANYU SEMI focuses on the in-house production of silicon carbide epitaxial wafers and has achieved mass production of 4-inch, 6-inch, and 8-inch wafers.

According to data from Frost & Sullivan, based on 2024 figures, the company is the largest manufacturer of in-house SiC epitaxial wafers in China and the third largest globally.

Its domestic market share by revenue and sales volume stands at 30.6% and 32.5%, respectively, while its global market share reaches 6.7% and 7.8%.

This past February, the company announced a formal strategic cooperation agreement with South Korea's EYEQ Lab Inc., focusing on the supply and application of silicon carbide epitaxial wafers.