---
title: "Basic Semiconductor climbs 6% in Hong Kong on SiC contract, price hike"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294757438.md"
description: "Basic Semiconductor climbs 6% in Hong Kong after SiC contract and price hike announcement."
datetime: "2026-08-04T01:58:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294757438.md)
  - [en](https://longbridge.com/en/news/294757438.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294757438.md)
generator: "portal-rs"
---

# Basic Semiconductor climbs 6% in Hong Kong on SiC contract, price hike

Basic Semiconductor (9971.HK) climbed nearly **6%** in Hong Kong trading to **HK$52.15**. The company previously announced it signed a **193 million yuan** EPC contract with China Construction Second Engineering Bureau for a SiC module packaging production line in Shenzhen, accelerating its silicon carbide capacity expansion. Separately, the company said it will raise prices for certain products by up to **25%** starting from the third quarter of 2026.

The company's IPO price stabilization period ended on August 2, during which no price stabilization actions were taken and the over-allotment option was not exercised. Basic Semiconductor, listed under Hong Kong's Chapter **18C** regime for specialist technology companies, has seen its shares recover from a recent pullback, aided by a broader SiC industry pricing uptrend.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**