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PostsIPO breakthrough! Tianyu Semiconductor's SiC epitaxial wafers successfully enter international high-end supply chain, securing a 3-year long-term contract with a key Korean customer.
Brother Cai is here! Today, let's talk about a new tech stock, Tianyu Semiconductor. $TIANYU SEMI(02658.HK)
This company just listed on the Hong Kong stock market on December 5th, bearing the halo of being the "first SiC epitaxial wafer stock." Recently, it made big news. We must analyze it to see if there's a chance to help our fans make some gains.
On February 6th, the company announced a strategic cooperation with the Korean professional semiconductor company EYEQ Lab Inc. The core of the agreement: Tianyu Semiconductor will supply EYEQ Lab with SiC epitaxial wafers covering specifications from 6 to 8 inches and voltage ranges from 650V to 20000V; EYEQ Lab will grant Tianyu a three-year priority purchase right under equal conditions.
OK, a long-term supply framework. In this industry, building capacity isn't hard; the hard part is selling that capacity efficiently, especially for high-end 8-inch products. This three-year order is like giving Tianyu a stable "big meal ticket."
So, who is EYEQ Lab?
EYEQ Lab is a Korean company focused on the design and manufacturing of SiC power semiconductors. It possesses full capabilities from design to packaging and testing, and has established R&D partnerships with top domestic institutions like the Korea Advanced Institute of Science and Technology (KAIST). Its investment backer is Samsung.
The SiC epitaxial wafer industry has high technical barriers, and customer certification is extremely strict, especially for automotive-grade products.
This cooperation is equivalent to a top Korean customer using a real-money order to give Tianyu's products an "international certification," proving their quality and performance meet international mass production standards. This is more effective than a hundred self-praises.
Tianyu Semiconductor is a leading enterprise in the domestic SiC epitaxial wafer field. Its core product is the key substrate material used for manufacturing SiC power devices. The main points to watch are:
First, it has achieved full coverage of 4/6/8-inch products, with 8-inch being the industry's cutting-edge direction.
Second, it is at the upstream of the third-generation semiconductor industry chain, an indispensable link in device manufacturing.
Third, its downstream directly connects to high-growth fields like new energy vehicles, photovoltaics, and industrial control.
As a third-generation semiconductor material, SiC benefits from the energy technology revolution and industrial upgrading, with clear long-term growth prospects, aligning with the national strategic direction of developing new quality productive forces.
Looking back before the announcement, the market had already shown some reaction. With the broader market all red, the stock price closed at 48.9 HKD, trading volume also increased, rising against the trend by 4.09%.
After listing, Tianyu Semiconductor made a smart move. Having said all this, I believe everyone now understands the underlying logic for Tianyu Semiconductor going forward.
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