Tianyue Advanced Materials (02631) surged nearly 6% in the morning session. As of press time, it rose 5%, trading at HKD 60.9 with a turnover of HKD 53.134 million.
According to Zhitong Finance, before noon trading, SICC Advanced (02631) rose nearly 6%. As of press time, it was up 5%, trading at HKD 60.9 with a turnover of HKD 53.134 million.
Goldman Sachs released a research report stating that the increasing demand for energy efficiency in AI data centers has become a new core driver for silicon carbide (SiC) applications. SiC can be used in 800V high-voltage direct current (HVDC), power supply units (PSU), baseband processing units (BBU), and advanced packaging fields, offering advantages such as higher energy conversion efficiency, better heat dissipation, higher power density, and smaller size, making it suitable for the growing computational demands of GPUs. Additionally, performance upgrades and weight reduction needs in the AI glasses sector, together with existing demand for fast charging in electric vehicles, form three major growth engines.
Goldman Sachs believes that SICC Advanced holds a global leading position in the semi-insulating silicon carbide substrate field, being the first to launch 12-inch silicon carbide substrates. The company’s early investment in liquid phase epitaxy (LPG) technology, combined with vapor-phase methods and its self-designed crystal growth furnaces, has continuously increased the thickness of silicon carbide ingots. Its products demonstrate significant quality advantages, resulting in higher yields when customers use its substrates to produce silicon carbide devices, supporting product premium pricing. By rapidly reducing costs to offset the impact of declining substrate prices, the company proactively lowered the price of its 8-inch silicon carbide substrates to capture market share while ensuring profitability.
