On July 13, BASiC Semiconductor rose 5.74% in regular trading, trading at HK$38.2/share, with turnover of HK$13.88 million. The move was driven by the company's announcement of a price increase on select products effective from Q3.

According to a voluntary filing with the Hong Kong Stock Exchange, BASiC Semiconductor will raise prices on certain products by up to 25% starting Q3. The company cited sustained growth in demand driven by global artificial intelligence and new energy vehicle applications, which have maintained a tight supply-demand balance in the silicon carbide industry. The price adjustment aims to support continued R&D investment and ensure product quality and supply stability. Specific adjustments will be determined based on product category, order volume, cooperation model, market region, and bilateral commercial arrangements.

BASiC Semiconductor listed on the Hong Kong Stock Exchange on July 8 as the first dedicated SiC chip stock, after its IPO was oversubscribed approximately 552 times. The company is China's only IDM enterprise integrating SiC chip design, wafer fabrication, module packaging, and gate driver design with full production capability across all segments.

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