The Zhitong Finance App learned that basic semiconductors (09971) rose more than 8%. As of press release, it had risen 6.94% to HK$48.1, with a turnover of HK$12.753 million.
According to the news, recently, Basic Semiconductor announced that the company signed a general contracting contract for the silicon carbide module packaging production base project with China Construction Second Engineering Bureau Co., Ltd., marking a key step in the expansion of production capacity with capital help from the “China Silicon Carbide Chip No. 1” company, which has just been listed on the main board of the Hong Kong Stock Exchange. The board of directors of basic semiconductors believes that the conclusion of a general contract for project engineering will help achieve the company's future operation strategy and support the company to meet the growing demand in downstream markets such as new energy vehicles, intelligent computing centers, and photovoltaic energy storage.
It is worth noting that basic semiconductors are now speeding up production capacity construction after listing, which coincides with a profound cyclical reversal and a boom in price increases in the silicon carbide industry. Driven by scarce supply and demand, international leaders such as Infineon and ST Semiconductors took the lead in initiating price adjustments. Domestic substrate and device manufacturers followed suit, and the entire industry entered an upward cycle of price increases. Recently, Basic Semiconductor issued a voluntary announcement announcing that prices for some products will be adjusted starting from the third quarter of 2026, with a maximum increase of no more than 25%. The launch of basic semiconductors immediately initiated plans to expand production. This pace not only reflects its accurate investigation and judgment of industry trends, but also shows its forward-looking nature in terms of production capacity layout.