Movement Alert|Tianyue Advanced Rises 5.11% in Regular Trading, Downstream SiC Device Maker Announces Up to 25% Price Hike Starting Q3

Market Focus
Jul 15

On July 15, Tianyue Advanced rose 5.11% in regular trading, trading at 76.0 HKD/share, with turnover of approximately 89.57 million HKD.

On the news front, downstream silicon carbide device manufacturer Basic Semiconductor announced on July 13 that it will raise sales prices on select products by up to 25% starting in the third quarter, citing tight supply-demand conditions driven by rapid growth in AI and new energy vehicle applications. As the global market share leader in SiC substrates with capacity utilization exceeding 90%, Tianyue Advanced stands to benefit from downstream price increases transmitting profits upstream to the substrate segment.

Additionally, the company was granted a new invention patent on July 14 titled a method for testing the main reference surface orientation of silicon carbide crystals, which fills a gap in SiC substrate testing capabilities and broadens inspection range, further reinforcing the company's technological barriers.

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