Changes in Hong Kong stocks | Tianyue Advanced (02631) rose more than 5%, and the US Department of Defense invested 1.5 billion US dollars in monthly orders to SiC to exceed production capacity

The Zhitong Finance App learned that Tianyue Advanced (02631) rose by more than 5%. As of press release, it had risen 5.08% to HK$69.35, with a turnover of HK$25.7085 million.

According to the news, Wolfspeed will receive a $1.5 billion conditional loan from the Pentagon, and the company's stock price surged more than 28% after the market. The Pentagon issued a statement on conditional loans, saying that it will issue loans to strengthen the supply chain of broadband-restricted materials. It is reported that Wolfspeed focuses on silicon carbide materials and power supply application equipment. Its product line includes power devices, silicon carbide, and gallium nitride (GaN) materials.

Furthermore, according to market sources, Tianyue Advanced recently revealed in a conference call that its monthly order size is already significantly higher than the current production capacity. According to reports, the company currently has monthly orders of 120,000 to 130,000 wafers, while the current production capacity is about 100,000 wafers. According to the news, management is optimistic about product prices in 2027. Prices have been adjusted for some small customers in the second quarter of this year, and they believe that there is a possibility that the price of silicon carbide substrates will increase in 2027.