HK-listed BASiC Semiconductor rises on Episil pact to develop 8-inch SiC wafers
05/08/2026 04:22
BUZZ-HK-listed BASiC Semiconductor rises on Episil pact to develop 8-inch SiC wafers ** Shares of China-based BASiC Semiconductor 9971.HK climb 4.3% to HK$54.1, their highest point since July 28
** The silicon carbide power devices manufacturer says it has reached a strategic cooperation agreement with Episil Technologies Inc 3707.TWO to accelerate development and mass production of 8-inch silicon carbide (SiC) wafers and expanding market share of SiC products in new energy vehicles and AI data centres sectors
** "This strategic cooperation is expected to provide the company with advanced and sufficient 8-inch SiC wafer fabrication capacity in the coming years," BASiC says
** Since debut on July 8, stock up 67.6% from the offer price of HK$31.62 apiece
** YTD, benchmark Hang Seng Index .HSI up 0.8%
(Reporting by Donny Kwok)
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